VAIBHAVGBL

Management Guidance & Outlook - Revised FY27 revenue growth guidance to 7% to 9% (from earlier 9% to 11%) due to platform migration impacts in Q2, UK consolidation, weaker UK consumer sentiment, and potential US midterm election headwinds. - Expected FY27 EBITDA margin to be broadly in line with FY26 compared to earlier expectation of 50 to 100 bps expansion. - Confident in returning to 9% to 11% revenue growth in FY28, supported by new digital-first platforms and enhanced marketing capabilities. - Medium-term growth drivers include unified digital platforms, proprietary brands, lab-grown diamonds, and vertically integrated operating models. Current scenario - Completed two major operational projects: migration of all retail websites to Shopify Enterprise and consolidation of four UK websites into a single headquarters, incurring near-term transition costs and temporary revenue disruption. - Estimated revenue impact from Shopify migration was approximately $2.8 million (around 2.8 percentage points of growth) during the quarter. - Q2 revenue grew 7% YoY to INR938.4 crores, supported by a weaker rupee; gross margin expanded by 197 bps to 65.5%. - Q2 EBITDA declined 13.5% YoY to INR76.2 crores (margin of 8.1%) due to operating deleverage during the transitions. - Net cash stood at INR186 crores as of September 30, 2026, down from INR279 crores in March 2026, primarily due to seasonal inventory buildup and UK warehouse migration capex. Changes in trends - Shift toward value-seeking consumer behavior with strong demand for lower price-point items. - Lab-grown diamonds share rose to 12% of total retail revenue, strengthening differentiation and pricing. - Digital share was 44% of B2C revenue, with targets set to reach 50% by Q4 FY27. Capex - Invested around INR36 crores in UK warehouse migration to consolidate multiple premises into a single efficient facility. - Total capex supports long-term scalability, technology improvements, and Shopify migration.

- Vaibhav Global shared the audio recording link for its Q2 & H1 FY27 earnings conference call. - The call pertained to financial results for the period ended September 30, 2026.

- Q2 FY27 Revenue from operations grew 7.0% YoY to ₹938.4 crore. - Q2 EBITDA declined 13.5% YoY to ₹76.2 crore; EBITDA margin contracted to 8.1% vs 10.0% in Q2 FY26. - Migration to Shopify Enterprise completed, with temporary integration challenges impacting digital conversion. - H1 FY27 Revenue reached ₹1,855.4 crore, up 9.7% YoY.

- Q2 FY27 consolidated revenue grew 7.0% YoY to ₹938.4 Cr, with EBITDA at ₹76.2 Cr (8.1% margin). - H1 FY27 revenue grew 9.7% YoY to ₹1,855.4 Cr, with PAT up 15.2% YoY to ₹98.1 Cr. - Migration of retail websites to Shopify Enterprise completed to drive operating leverage.

- Company Name: Vaibhav Global Limited - Event: Intimation of Record Date for 2nd Interim Dividend for FY 2026-27 - Record Date: Wednesday, 4th November, 2026 - Purpose: Determining eligibility of shareholders for the payment of the interim dividend

Q2 FY27 Consolidated Revenue ₹938.37Cr vs ₹877.32Cr (▲7.0% YoY) EBITDA ₹68.05Cr vs ₹77.58Cr (▼12.3% YoY) PAT ₹41.71Cr vs ₹47.55Cr (▼12.3% YoY) EBITDA Margin 7.25% vs 8.84% (▼159bps) Declared 2nd Interim Dividend of ₹1.50 per share (Face Value ₹2; Record Date: November 04, 2026)

Q2 FY27 Consolidated Revenue ₹938.37 Cr vs ₹877.32 Cr (▲7.0% YoY) EBITDA ₹68.05 Cr vs ₹77.58 Cr (▼12.3% YoY) PAT ₹41.71 Cr vs ₹47.55 Cr (▼12.3% YoY) EBITDA Margin 7.25% vs 8.84% (▼159bps) Declared 2nd interim dividend of ₹1.50 per equity share (Record date: November 4, 2026)

Q2 FY27 Consolidated Revenue ₹938.37Cr vs ₹877.32Cr (▲7.0% YoY) EBITDA ₹68.05Cr vs ₹77.58Cr (▼12.3% YoY) PAT ₹41.71Cr vs ₹47.55Cr (▼12.3% YoY) EBITDA Margin 7.25% vs 8.84% (▼159bps) Declared 2nd Interim Dividend of ₹1.50 per equity share (Record Date: November 04, 2026)

- Vaibhav Global Limited allotted 39,489 equity shares of Rs. 2/- each on October 28, 2026. - Shares allotted to Vaibhav Global Employee Stock Option Welfare Trust under employee benefit schemes. - Paid-up equity share capital increased to Rs. 33,56,18,370 consisting of 16,78,09,185 equity shares.

Concall Schedule Concall Date: Thursday, October 29th, 2026 Concall Time: 4:30 PM - 5:30 PM IST

- ICRA Limited has reaffirmed the credit rating for the bank facilities of Vaibhav Global Limited. - Long-term fund-based limits of ₹105.00 crore have been reaffirmed at [ICRA]A+ with a Stable outlook. - Short-term non-fund based limits of ₹5.00 crore have been reaffirmed at [ICRA]A1+.

Concall Schedule Concall Date: 07th October, 2026 Concall Time: 04:00 PM onwards

- Trading window for dealing in company shares will remain closed from October 1, 2026. - Closure continues until 48 hours after the Board Meeting for Q2/H1 FY27 unaudited financial results. - Board meeting date will be intimated in due course.

Concall Schedule Concall Date: 29th September, 2026 Concall Time: 11:00 AM Onward

- Mr. Sanjeev Agrawal, Non-Executive Non-Independent Director, resigned from Vaibhav Global Limited's Board effective September 15, 2026, due to enhanced professional commitments. He also stepped down as a member of the Audit Committee. The company confirmed no other material reasons for his resignation.

- Investor/Analyst Meet Schedule - Meeting Date: 22nd September, 2026 - Meeting Time: 10:00 AM Onward (IST) - Interaction Type: Group Meeting at Anand Rathi Investor Conference - Mode: Physical

- Vaibhav Global Limited allotted 1,51,969 equity shares of ₹2/- each on September 8, 2026, to an employee welfare trust under employee benefit schemes. - Post-allotment, the paid-up Equity Share Capital increased to ₹33,55,39,392, comprising 16,77,69,696 equity shares.

- Investor/Analyst Meetings Schedule - Meetings with Elixir Capital on 8th September, 2026 at 10:00 AM IST (Virtual) - Meetings with Seraphic Family office on 9th September, 2026 at 11:30 AM IST (Virtual)

- Vaibhav Global Limited announced that CARE Ratings Limited has upgraded the credit rating for its bank facilities worth ₹120.00 Cr. - The rating for Long Term / Short Term Bank Facilities was upgraded from CARE A+; Stable / CARE A1 to CARE A+; Stable / CARE A1+.

- Vaibhav Global Limited's ICRA ESG Rating upgraded to '75 (Strong)' from '74 (Strong)' on August 21, 2026. - The upgrade reflects the company's continued progress in environmental, social, and governance initiatives and enhanced disclosures.

- Vaibhav Global Limited (VGL) was honored with the India Risk Management Award for Best-in-Class Risk Management under the Mid Cap Category. - The award acknowledges VGL's commitment to robust enterprise risk management, governance, and business continuity.

- Vaibhav Global Limited reported Q1 FY27 consolidated revenue of INR 917 crores (▲12.7% YoY), EBITDA of INR 102 crores (▲37% YoY, 11% margin), and PAT of INR 56 crores (▲50% YoY). - Q1 performance benefited from favorable foreign exchange and a U.S. tariff refund of INR 25 crores in other operating revenue. - The company reiterated its FY27 guidance of 9-11% revenue growth with 50-100 bps EBITDA margin expansion over FY26, and projected mid-to-long-term growth at 12-15%. - Strategic focus includes digital transformation, aiming for 50% digital mix by FY27 (currently 45%), scaling lab-grown diamonds (13% of retail revenue), and AI integration. - A first interim dividend of INR 1.5 per equity share was declared. The company maintains a net cash position of INR 287 crores and aims to reduce customer profitability period from 9-10 months to 3 months.

- Investor Meet Schedule - Meet Date: 14th August, 2026 - Meet Time: 10:00 am onwards

- Vaibhav Global Limited has provided a link to the audio recording of its Q1 FY27 earnings conference call with investors and analysts. - The call covered the financial results for the quarter ended 30th June, 2026. - The audio recording is available at the provided URL.

- Consolidated Revenue ₹917Cr vs ₹814Cr (▲13% YoY) - EBITDA ₹102Cr vs ₹75Cr (▲37% YoY) - PAT ₹56Cr vs ₹38Cr (▲50% YoY) - EBITDA Margin 11.1% vs 9.2% (▲190bps) - Declared an interim dividend of Rs. 1.5/equity share.

- Vaibhav Global Limited has fixed Wednesday, 12th August, 2026, as the Record Date for the purpose of payment of Interim dividend for FY 2026-27.

- Consolidated Revenue ₹917.07 Cr vs ₹813.74 Cr (▲12.69% YoY) - EBITDA ₹96.73 Cr vs ₹61.54 Cr (▲57.18% YoY) - PAT ₹56.38 Cr vs ₹37.63 Cr (▲49.86% YoY) - EBITDA Margin 10.55% vs 7.56% (▲299bps) - Declared an Interim Dividend of ₹1.50/- per Equity Share with a record date of August 12, 2026. - Approved the grant of Stock Options and Restricted Stock Units under employee benefit plans. - Appointed Ernst & Young LLP ('EY') as internal auditors for FY 2026-27 and FY 2027-28.

- Consolidated Revenue ₹917.07 Cr vs ₹813.74 Cr (▲12.69% YoY) - EBITDA ₹96.73 Cr vs ₹61.54 Cr (▲57.17% YoY) - PAT ₹56.38 Cr vs ₹37.63 Cr (▲49.82% YoY) - EBITDA Margin 10.55% vs 7.56% (▲299bps) - Declared an Interim Dividend of Rs. 1.50/- per Equity Share for FY 2026-27. - Appointed Ernst & Young LLP as internal auditors for FY 2026-27 and FY 2027-28.

- Consolidated Revenue ₹917.07Cr vs ₹813.74Cr (▲12.7% YoY) - EBITDA ₹96.73Cr vs ₹61.54Cr (▲57.2% YoY) - PAT ₹56.38Cr vs ₹37.63Cr (▲49.8% YoY) - EBITDA Margin 10.55% vs 7.56% (▲299bps) - Declared an interim dividend of Rs. 1.50/- per Equity Share. - Record date for dividend is August 12, 2026. - Approved grant of Stock Options and Restricted Stock Units. - Appointed Ernst & Young LLP as internal auditors for FY 2026-27 and FY 2027-28.

- The 37th Annual General Meeting (AGM) of Vaibhav Global Limited was held on August 04, 2026, through Video Conferencing. - Key resolutions included the adoption of standalone and consolidated financial statements for FY2025-26, declaration of dividend, and re-appointment of Mr. Harsh Bahadur as a Director. - All resolutions were passed with an overwhelming majority (99%+ votes in favour).

- Vaibhav Global Limited allotted 2,65,555 Equity Shares (face value ₹2/- each) to its Employee Stock Option Welfare Trust on August 4, 2026. - This allotment increased the paid-up Equity Share Capital to ₹33,52,35,454, comprising 16,76,17,727 shares of ₹2/- each.