Jaipur, January 30, 2025—Vaibhav Global Limited (VGL), a leading global E-tailer specializing in fashion jewelry, lifestyle products, and accessories, has announced a record-breaking financial performance for the third quarter of FY25. The company reported its
highest-ever quarterly sales of ₹977 crores, marking a
10% year-over-year (YoY) growth.
Financial Performance Highlights
- Revenue Growth: ₹977 crores, a 10% increase YoY.
- Digital Revenue Contribution: 40% of total B2C revenue.
- Gross Margins: Strong at 61.3%.
- EBITDA Margin: 11.5%, an improvement of 40 basis points YoY.
- Profit After Tax (PAT): ₹64 crores, up by 36% YoY.
- Return on Capital Employed (ROCE): 18%, and Return on Equity (ROE): 11%.
- Healthy Balance Sheet: Net cash position of ₹106 crores.
- Earnings Per Share (EPS): ₹3.9, up from ₹2.9 in Q3 FY24.
- Total Comprehensive Income: ₹136.32 crores for the first nine months of FY25.
Key Business Metrics
- Unique Customers (TTM Basis): 6.98 lakh, a 30% YoY increase.
- New Registrations & Acquisitions: 4.1 lakh new customers.
- Retention Rate: 43%, indicating strong customer loyalty.
- Repeat Purchases: Average of 22 items per customer annually.
- Germany Operations: Achieved EBITDA breakeven.
- Ideal World: Achieved full-cost profitability.
- Industry Recognition: Conferred with the prestigious IGJ Award for being the Highest Exporter of Cut & Polished Colored Gemstones in FY24.
- Social Impact Initiative: Over 97 million meals were donated under the ‘Your Purchase Feeds…’ program.
Strategic Growth and Market Expansion
VGL's strategic focus on
digital transformation and customer engagement is yielding results. Forty percent of its B2C revenue now comes
from digital channels. The company continues to expand its footprint across the
US, UK, Germany, and India, leveraging
proprietary home-shopping TV networks and
e-commerce platforms.
Comments from Leadership
Mr.
Sunil Agrawal, Managing Director of Vaibhav Global Limited, expressed confidence in the company’s trajectory, stating:
“This quarter marks a significant milestone with our highest-ever sales and substantial profit growth. Our Germany operations have reached EBITDA-level breakeven, and Ideal World has turned profitable full-costly. These achievements have strengthened our operational leverage, leading to a 36% increase in PAT. Our outlook remains positive, and we are committed to sustaining our growth momentum while maintaining a robust balance sheet.”
Dividend Declaration
The
Board of Directors has declared a third interim dividend of ₹1.50 per equity share for FY25, reinforcing its commitment to shareholder returns. The
record date for eligibility is February 8, 2025, and the payout will be completed within 30 days.
Future Outlook
With continued investments in
technology, brand expansion, and operational efficiency, Vaibhav Global Limited anticipates
sustained double-digit revenue growth in FY25. From FY26 onward, the company is focused on early teen revenue growth, emphasizing
operating efficiency and cost optimization.
About Vaibhav Global Limited
VGL is listed on the
Bombay Stock Exchange (BSE: 532156) and the National Stock Exchange (NSE: VAIBHAVGBL). The company operates
omnichannel retail networks, including
Shop LC in the US, Shop TJC & Ideal World in the UK, and Shop LC in Germany. Its digital platforms serve millions of customers worldwide and are present in
over 127 million households.
Final Takeaway
Vaibhav Global Limited’s Q3 FY25 performance underscores its
resilience and growth potential. The company is backed by strong financials, expanding digital reach, and a strategic vision for long-term success. Its
commitment to operational excellence, sustainability, and customer engagement positions it for sustained
market leadership in the global fashion and lifestyle e-commerce industry.
