Vaibhav Global Limited (VGL) is a global digital retailer primarily dealing in fashion jewelry, gemstones, and lifestyle products, operating through TV and digital platforms across the US, UK, and Germany.

VGL reported robust financial growth with a 10.2% year-over-year revenue increase in Q2 FY26, achieving INR 877 crores in consolidated revenue, driven by strong operational execution and digital expansion contributing 42% of B2C revenue.

The company is navigating tariff challenges in the US by investing in local casting operations, leveraging its vertically integrated supply chain to maintain high margins and operational flexibility.

VGL has successfully enhanced its gross margins in Germany by reshuffling its operational strategy, achieving a significant 410-basis point improvement despite flat revenue growth, indicating strategic pricing and product mix adjustments.

VGL's commitment to sustainability is evident with the generation of 1.2 million kilowatt-hours of solar energy, fully powering its manufacturing needs, and its efforts are recognized with an upgraded ESG rating of 73, showcasing its dedication to environmental goals.