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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Vaibhav Global Ltd

Vaibhav Global Reports Q2 FY27 Revenue ₹938.4 Crore, Completes Platform Transition

RESULTS ▼ Concern Flagged MEDIUM RISK
📅 Filed on BSE: 29 Oct 2026, 01:37 AM IST  ·  BSE ID: 605b0c0b-1081-42b4-89f2-d964d6fe8802
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported higher sales for the latest quarter and half-year, while completing a major website upgrade.
🤖 AI Summary
  • Vaibhav Global Ltd's Q2 FY27 revenue from operations increased 7.0% to ₹938.4 crore.
  • H1 FY27 revenue grew 9.7% to ₹1,855.4 crore, with H1 FY27 EBITDA increasing 9.6% to ₹178.3 crore.
  • Company completed channel website migration from Salesforce to Shopify Enterprise during Q2 FY27.
  • Q2 FY27 EBITDA stood at ₹76.2 crore (8.1% margin), impacted by transition challenges and sales deleverage.
  • B2B business reported strong Q2 FY27 revenue growth of 32.4% to ₹70.9 crore and 18.5% EBITDA growth.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Q2 FY27 Revenue from operations
₹938.4 crore
7.0%
H1 FY27 Revenue from operations
₹1,855.4 crore
9.7%
Q2 FY27 Total VGL EBITDA
₹7,625 lacs
-13.5%
H1 FY27 Total VGL EBITDA
₹17,829 lacs
9.6%
Q2 FY27 B2B revenue
₹7,090 lacs
32.4%
Q2 FY27 EBITDA margin (%)
8.1%
🏢 How This Affects the Company
📈
Business Impact
The completion of the website platform migration aims to provide a unified, scalable foundation for brands and geographies, with a focus on restoring digital momentum and strengthening customer acquisition. Temporary integration challenges impacted digital conversion and revenue in Q2 FY27.
💰
Financial Impact
Q2 FY27 EBITDA declined 13.5% to ₹7,625 lacs, with the EBITDA margin at 8.1%, down from 10.0% in Q2 FY26. H1 FY27 EBITDA increased 9.6% to ₹17,829 lacs, maintaining a 9.6% margin.
⚙️
Operational Impact
The company migrated all retail businesses to Shopify Enterprise and consolidated four warehouses and two studios into a single UK headquarters. Some inventory remains temporarily offline following the UK consolidation.
⚠️
Risk Impact
The platform transition presented near-term integration-related challenges, including customer account reactivation and SEO re-indexing, which temporarily impacted digital conversion and revenue.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this financial results filing.
👤
Who Is Affected
Shareholders are affected by the company's financial performance, with H1 FY27 EBITDA up 9.6% to ₹178.3 crore and Q2 FY27 EBITDA down 13.5% to ₹76.2 crore.
🔍
Management Signal
Management is focused on restoring digital momentum, strengthening customer acquisition, and improving operating leverage post-platform transition.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Q3 FY27 financial results — check stabilization of digital conversion rates.
Updates on customer acquisition post-Shopify migration.
Progress on product availability after UK warehouse consolidation.
MEDIUM RISK Temporary integration challenges and inventory offline could impact future revenue and digital momentum.
💡 Investor Takeaway
Vaibhav Global Ltd reported Q2 FY27 revenue of ₹938.4 crore (+7.0%) and H1 FY27 revenue of ₹1,855.4 crore (+9.7%). Q2 FY27 EBITDA was ₹76.2 crore, down 13.5%, reflecting challenges from a completed Shopify Enterprise platform migration and UK warehouse consolidation.
⚖️ Strengths & Concerns

✅ Positives

  • H1 FY27 total VGL revenue from operations increased 9.7% to ₹1,85,544 lacs, reflecting consistent top-line growth.
  • B2B business showed strong Q2 FY27 revenue growth of 32.4% to ₹7,090 lacs, with EBITDA increasing 18.5% to ₹4,242 lacs.

⚠️ Concerns

  • Q2 FY27 total VGL EBITDA declined 13.5% to ₹7,625 lacs, with EBITDA margin contracting to 8.1% from 10.0% in Q2 FY26.
  • United Kingdom retail EBITDA decreased 66.8% to ₹733 lacs in Q2 FY27, largely due to sales deleverage and operational transitions.
📅 Company Track Record
Vaibhav Global previously reported Q1 FY27 consolidated profit up 49.85% to Rs. 5,638.26 lakhs, with an interim dividend of Rs. 1.50 per share declared. This current filing details subsequent half-year results.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was Vaibhav Global Ltd's revenue from operations in Q2 FY27?
Vaibhav Global Ltd reported revenue from operations of ₹938.4 crore in Q2 FY27, an increase of 7.0% from Q2 FY26.
What was Vaibhav Global Ltd's total EBITDA in Q2 FY27?
Total VGL EBITDA stood at ₹7,625 lacs in Q2 FY27, representing a 13.5% decline compared to Q2 FY26.
What was the growth in Vaibhav Global Ltd's B2B business revenue in Q2 FY27?
Vaibhav Global Ltd's B2B business revenue grew 32.4% to ₹7,090 lacs in Q2 FY27.
What was Vaibhav Global Ltd's H1 FY27 revenue and EBITDA?
H1 FY27 revenue grew 9.7% to ₹1,85,544 lacs, and H1 FY27 EBITDA increased 9.6% to ₹17,829 lacs.
What significant operational change did Vaibhav Global Ltd complete in Q2 FY27?
Vaibhav Global Ltd completed the migration of its channel websites from Salesforce Commerce Cloud to Shopify Enterprise during Q2 FY27.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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