Vaibhav Global Limited announces Q1 FY25 Financial Results

Vaibhav Global Limited (VGL), a global E-tailer of Fashion Jewellery, Lifestyle Products, Apparels, and Accessories on proprietary Home Teleshopping Channels and Digital Platforms, announced its financial results for the first quarter ending June 30, 2024.

Financial Performance Highlights:

Q1 FY25 performance overview:

- Revenue: Q1 revenue growth of 15% YoY
- Volume growth: 20% YoY
- Digital revenue mix: 40% of B2C revenue
- Better pricing, favourable product mix and efficient sourcing led gross margins to 66.1%
- EBITDA margin of 8.7%
- PAT for the quarter: Rs. 27 crores
- ROCE at 17% and ROE at 10%
- Strong balance sheet: Net cash positive balance of Rs. 158 crores

Key Business Matrices:

- Unique Customers (TTM basis): 6.4 lakhs. 5 years CAGR of 13%
- New Registrations & Acquisition: 3.3 lakhs
- Ideal World: Profitable on a direct cost basis
- Awarded with 'IGJ Award' by 'The Gems & Jewellery Export Promotion Council (GJEPC)' for being 'Highest Exporter of Cut & Polished Coloured Gemstones during FY23'
- 'Your Purchase Feeds...': Over 90 million meals donated since inception

Commenting on the performance for Q1 FY25 Mr. Sunil Agrawal, Managing Director, Vaibhav Global Limited, said, In accordance with our stated guidance, we achieved a 15% year-over-year revenue growth. Improved realizations, favourable product mix and efficient sourcing led to stronger gross margins. Our investments in digital initiatives and optimized G&A expenses support long-term value creation while maintaining profitability. Our unique customer base has reached an alltime high of 636,000.

We maintain a strong balance sheet with a net cash positive balance of ₹158 crores. We reaffirm our full-year revenue guidance of 14% to 17% along with operating leverage. The Board has declared first interim dividend of ₹1.5 per equity share, representing a 90% payout.

Source : Equity Bulls

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VaibhavGlobal Q1FY25 ResultUpdate