By BullScreen Editorial Team 
Vaibhav Global Limited reported strong Q4 results 2026, driven by higher margins, improving product mix, and steady growth across its digital business. The company posted consolidated revenue of ₹935 crore for the March quarter, up 10% year-on-year, while EBITDA rose 36% YoY to deliver a margin of 10.3%.
Profit after tax surged 167.4% YoY to ₹91.1 crore during the quarter, supported by MAT credit benefits. Excluding the tax impact, adjusted PAT stood at ₹44.4 crore, reflecting a solid 30.4% increase from a year earlier. Gross margin remained strong at 63.9%, helped by higher contribution from in-house brands and better pricing realization.
For the full financial year, Vaibhav Global recorded revenue of ₹3,692 crore, compared with ₹3,380 crore in FY25. Consolidated EBITDA climbed 26% to ₹399 crore, while free cash flow more than doubled to ₹272 crore. The company ended FY26 with a net cash position of ₹296 crore.
Digital operations continued to outperform traditional television sales. Full-year digital revenue increased to ₹1,541 crore from ₹1,314 crore last year, with average selling prices rising sharply. The company said nearly 50% of gross B2C sales now come from in-house brands, achieving its long-term target ahead of schedule.
Regionally, the United States remained the largest contributor with ₹2,058 crore revenue, followed by the United Kingdom at ₹1,032 crore. Europe also returned to profitability during FY26.
The board declared a final dividend of ₹1.50 per share, taking the total FY26 dividend payout to around ₹100 crore. Strong cash generation, expanding digital contribution, and improved operational efficiency kept investor focus on Vaibhav Global’s Q4 results 2026 performance.
| Metric | Q4 FY26 | YoY Change |
|---|---|---|
| Revenue | ₹935 Cr | ↑ 10% |
| Gross Margin | 63.9% | Improved |
| EBITDA Margin | 10.3% | ↑ from 8.3% |
| EBITDA Growth | — | ↑ 36% |
| PAT Reported | ₹91.1 Cr | ↑ 167.4% |
| Adjusted PAT* | ₹44.4 Cr | ↑ 30.4% |
| Operating Cash Flow | ₹305 Cr | Strong Growth |
| Final Dividend | ₹1.50/share | Declared |
| Segment | FY26 Revenue | YoY Growth | Key Highlight |
|---|---|---|---|
| United States | ₹2,058 Cr | ↑ 8% | Largest market contribution |
| United Kingdom | ₹1,032 Cr | ↑ 11% | Strong EBITDA expansion |
| Europe | ₹404 Cr | ↑ 7% | Returned to profitability |
| Manufacturing & Sourcing | ₹198 Cr | ↑ 19% | EBITDA jumped 33% |
| Digital Revenue | ₹1,541 Cr | ↑ 17% | Fastest-growing channel |
| TV Revenue | ₹1,952 Cr | ↑ 3% | Stable contribution |
| Indicator | FY26 Status |
|---|---|
| Total Revenue | ₹3,692 Cr |
| Consolidated EBITDA | ₹399 Cr |
| Free Cash Flow (FCF) | ₹272 Cr |
| Net Cash Position | ₹296 Cr |
| ROCE | 23.5% |
| ROE | 14.9% |
| In-house Brand Contribution | ~50% of B2C Sales |
| Unique Customers (TTM) | 681K |
| Total Dividend Payout | ~₹100 Cr |
| ESG Rating | Upgraded to 74 (Strong) |
Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/5650da80-dfaf-43a9-8891-1f6182a2cc38.pdf