Vaibhav Global Limited — Updates, 11-11-2024: Press Release

Vaibhav Global Limited (VGL) reported a 13% year-over-year revenue growth for Q2 FY25, achieving ₹28 crores in profit after tax. Volume growth was recorded at 9.3%, with digital revenue constituting 39% of B2C revenue. The company maintained strong gross margins at 63.5%, supported by strategic pricing and an enhanced product mix. The unique customer base surged to 6.8 lakh, up 51% year-over-year. Additionally, VGL declared a second interim dividend of ₹1.50 per equity share, amounting to an 89% payout. The balance sheet remains robust, with a net cash position of ₹100 crores, as VGL continues to focus on expanding its digital business segments while enhancing operational efficiencies—a positive outlook for investors.