Synopsis: Shares of Vaibhav Global Ltd jumped 9% after reporting strong Q3 FY26 results, with PAT rising 88% QoQ on robust revenue growth, private label expansion, and improving operating leverage across key global markets.
The shares of this company, which has developed a distinctive global retail model, carving a niche in jewellery, accessories and lifestyle products, with a strong presence in the US and UK markets, had its shares in momentum today after robust Q3 results with growth in several of its performance metrics.
With the market cap of Rs 3,912 crore, the shares of Vaibhav Global Ltd gained about 9% and made a high at Rs 248.20, compared to its previous day closing price of Rs 226.95, and are trading at a PE of 18.7, whereas its industry PE is at 24.
Q3 FY26 Result
The revenue from operations for the company stood at Rs 1,066 crore when compared to Rs 977 crore in Q3 FY25, up by about 9 per cent on a YoY basis and on a QoQ basis up by 21 per cent from Rs 877 crore in Q2 FY26.
When it comes to profitability, the company has gone from a Rs 64 crore profit in Q3 FY25 to an Rs 90 crore profit in Q3 FY26, up 41% YoY, and from Rs 48 crore in Q2 FY26, up about 88% QoQ.
Business highlights
By leveraging its manufacturing and digital capabilities, the company is expanding its portfolio of private label brands by building scale across 16 brands across multiple categories and geographies. The company’s private label brands currently represent approximately 48% of the company’s total gross B2C sales, which means that it is gaining more control over product design, pricing, and margins and is less dependent on third-party brands.
In the future, the company’s goal to increase private label sales from approximately 48% to 50% of the company’s total gross B2C sales by FY27 demonstrates its continued focus on price laddering and differentiated offerings for customers.
The company’s structured brand matrix and brand archetype framework are expected to lead to increased repeat purchases, greater customer retention, and ongoing profitability, which will ultimately facilitate long-term growth driven by brand-led initiatives.
Key Stakeholders
Major institutional investors have been attracted to the company. Vijay Kedia owns 2% of shares, which shows that he believes strongly in the company’s ability to thrive long-term through solid business practices. Vanguard, as a global institutional investor, adds additional credibility to the company’s reputation by owning 1.3% stake
Also, there is a larger base of institutional investors and an active and engaged promoter group, which should aid in keeping governance intact and maintaining the trust of investors.
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