Vaibhav Global Shares Surge on Stellar Q2FY26 Financial Results

Vaibhav Global's share price experienced a notable surge, reaching an intraday high of ₹292, a 13.44% increase on Thursday, October 30, 2025. This rally was driven by the company's impressive financial performance in the second quarter of FY26 (Q2FY26). Revenue grew by 10.2% year-on-year, exceeding the company's guidance, attributed to a strategic focus on product mix and pricing. Operational efficiency led to an expansion in gross margin to 63.5%. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) increased by 28% year-on-year, with margins rising by 130 basis points to 10%, supported by operating leverage and stringent cost controls. Profit After Tax (PAT) saw a substantial jump of 71% year-on-year, reaching ₹48 crore. The company maintained a healthy financial position with a net cash reserve of ₹156 crore and strong return ratios, including a Return on Capital Employed (ROCE) of 20% and Return on Equity (ROE) of 13%. Digital channels were a significant contributor, accounting for 42% of Business-to-Consumer (B2C) revenue, and in-house brands made up 41% of gross B2C revenue. Business metrics also showed strength, with unique customers (TTM) reaching an all-time high of 7.14 lakh, a 5% year-on-year increase. Impact: This strong financial report and subsequent stock surge indicate positive investor sentiment, potentially leading to sustained interest in the stock and further price appreciation. The company's performance demonstrates resilience and growth potential in its niche market. Rating: 8/10. Definitions: * EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure of a company's operating performance. * PAT: Profit After Tax. This is the profit remaining after all taxes have been deducted. * Basis Points (bps): A unit of measure used in finance to describe the percentage change in a financial instrument. One basis point is equal to 0.01% (1/100th of a percent). * ROCE: Return on Capital Employed. A profitability ratio that measures how efficiently a company uses its capital to generate profits. * ROE: Return on Equity. A measure of financial performance calculated by dividing net income by shareholders' equity. * TTM: Trailing Twelve Months. This refers to the last 12 months of financial data. * B2C: Business-to-Consumer. Refers to companies that sell products or services directly to individual consumers.