Vaibhav Global Limited — Investor Meet, 28-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Vaibhav Global reported Q4 revenue of Rs. 850 Cr, up 7.7% YoY, and FY revenue of Rs. 3,380 Cr, growing 11.1%. Gross margin held strong at 62%, while Q4 EBITDA margin dipped to 8.3% due to digital investments; FY margin stood at 9.4%. Q4 PAT surged 62% YoY to Rs. 34 Cr. Digital sales now contribute 41% of revenue, targeting 50% by FY27. US growth was modest, UK sluggish, with Ideal World aiding growth; Germany reached EBITDA breakeven. Unique customers rose 21% YoY to 710K. FY26 growth is guided at 8-12%, driven by cost optimizations and operating leverage, with mid-teens growth expected later. Net cash stands at Rs. 170 Cr, with improving return ratios and focus on sustainability. Management remains cautiously optimistic amid macro challenges.