Vaibhav Global Q1 FY27: PAT up 50%, ₹1.5 dividend

What Vaibhav Global reported in Q1 FY27

Vaibhav Global Limited (NSE: VAIBHAVGBL, BSE: 532156) reported a sharp year-on-year improvement in profitability for the quarter ended June 30, 2026 (Q1 FY27). Consolidated revenue from operations rose to ₹917.07 crore, up from ₹813.74 crore in Q1 FY26. Consolidated profit attributable to owners increased to ₹56.38 crore from ₹37.63 crore, translating into a near 50% year-on-year rise. Basic EPS on a consolidated basis improved to ₹3.37 from ₹2.26.

Revenue and profit growth in context

The company’s Q1 FY27 numbers show that profit growth outpaced revenue growth, indicating stronger operating leverage and margin expansion during the quarter. Alongside the statutory numbers, the company reported EBITDA of ₹96.7 crore versus ₹61.5 crore a year earlier. EBITDA margin expanded to 10.55% from 7.56%, a rise of 299 basis points. Gross margin also improved to 68% from 64%, up 417 basis points.

US import-tariff refund adds to Q1 profitability

A notable one-off item during the quarter was a refund related to previously paid US import tariffs. Vaibhav Global received ₹38.40 crore (USD 4.04 million) as refund and ₹1.48 crore (USD 0.16 million) as interest. The company disclosures around the quarter linked this refund to the previously paid tariffs in the US market. The refund was cited as a key factor supporting the quarter’s profit surge.

Segment snapshot: USA leads, UK shows a loss

On a segment basis, the USA contributed the highest revenue and profit in Q1 FY27. The USA segment reported revenue of ₹598.01 crore and segment profit of ₹58.32 crore for the quarter. The UK segment was flagged as a risk point, as it posted a loss of ₹0.47 crore in Q1 FY27, compared with a profit in the previous year’s quarter. This split underscores the dependence on the stronger-performing geography even as some markets face pressure.

Digital mix and product strategy signals

The company also disclosed that digital revenues increased to 44% of B2C sales in Q1 FY27. It attributed the year-on-year PAT increase to margin expansion and a higher mix of in-house brands. These operating indicators matter because they can influence gross margin and customer acquisition economics over time. Separately, the company’s slide release outlined an outlook target of ₹5,000 to ₹5,500 crore revenue by FY30.

Standalone performance for the quarter

On a standalone basis, Vaibhav Global reported revenue from operations of ₹157.52 crore in Q1 FY27. Standalone profit for the period came in at ₹13.28 crore. Standalone basic EPS was ₹0.79. The gap between consolidated and standalone numbers reflects the role of overseas operations within the group structure.

Interim dividend: amount, record date, and payout window

The Board of Directors declared an interim dividend of ₹1.50 per equity share (face value ₹2) for FY 2026-27 during its meeting on August 4, 2026. The company fixed Wednesday, August 12, 2026 as the record date to determine shareholder eligibility. Shareholders holding shares as of the close of business on the record date will be entitled to receive the interim dividend. The company stated that the dividend is scheduled to be disbursed within 30 days of the declaration.

Corporate actions: ESOP allotment, employee grants, and auditors

Alongside results, the company disclosed employee benefit plan activity. It granted 93,170 stock options (MSOPs), 11,858 restricted stock units (RSUs), and 14,970 stock options (ESOPs) under employee benefit plans. It also completed an allotment of 2,65,555 equity shares under ESOP welfare schemes, which expanded total paid-up equity share capital to ₹33.52 crore from ₹33.47 crore. Separately, Ernst & Young LLP was appointed as internal auditors for a two-year term covering FY 2026-27 and FY 2027-28.

Key dates: AGM and earnings conference call

Vaibhav Global scheduled its Q1 FY27 earnings conference call for August 5, 2026 at 2:30 PM IST, with senior management including the Managing Director and Group CFO expected to discuss results. The company also held its 37th AGM on August 4, 2026 via video conferencing, with agenda items including adoption of FY 2025-26 financial statements and declaration of a final dividend of ₹1.50 per share.

Financial highlights table (Q1 FY27 vs Q1 FY26)

What investors will track next

For investors, the near-term focus is likely to be on how much of the profit expansion is supported by operating improvements versus one-off items such as the US tariff refund. The company’s disclosures also bring attention to regional divergence, with the USA segment leading and the UK segment reporting a quarterly loss. Key upcoming milestones include the Q1 FY27 earnings call on August 5, 2026 and the interim dividend record date on August 12, 2026.