Vaibhav Global share price today

Vaibhav Global Ltd's share price was ₹161.28 at the close on 6 November 2026. It has been falling for 6 weeks. That is 27.9% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹157 and ₹266, and at that close it sat 4% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Vaibhav Global Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 13 weeks running.

Over the last 11 years the share price moved +122% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 7 August 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: profit fell in the September 2026 quarter and revenue up on a year earlier for 12 quarters in a row (every quarter we can compare).

1. Profit fell in the September 2026 quarter

   Profit was ₹42 crore, -12.5% on a year earlier (₹48 crore), after 7 quarters of growth.

   Why: Profit fell because the Shopify web system change and the UK move interrupted sales and added costs, and currency gains were smaller.

   Next results: check whether the UK single site move frees up stock and improves efficiency.

   From the earnings call on 29 Oct 2026.

2. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹938 crore, +7% on a year earlier.

Vaibhav Global paid ₹6 a share in regular dividends in the 12 months to 7 November 2026 (4 payments), a yield of 3.72% at the ₹161.28 close on 6 November 2026. The last was an interim dividend of ₹1.50 a share, ex-date 4 November 2026.

Vaibhav Global dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Vaibhav Global Ltd paid out 38% of its profit as dividends in FY26, and it paid a dividend in 10 of its last 13 reported years.

From the NSE corporate-actions record, read 7 November 2026.

For July to September 2026 (the quarter ended 30 September 2026), Vaibhav Global reported revenue of ₹938 crore, up 7.0% from ₹877 crore a year earlier, and a profit of ₹42.0 crore, down 12.5% from ₹48.0 crore.

Vaibhav Global results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Vaibhav Global's management discussed these results on a call held on 29 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Vaibhav Global closed at ₹161.28 on 6 November 2026, down 39.3% from ₹265.85 a year earlier (7 November 2025) and down 72.4% over five years. Its highest weekly close since March 2016 was ₹996.70 on 7 May 2021.

Vaibhav Global share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

562 weekly closes from 11 March 2016 to 6 November 2026.

6 Nov 2026: Vaibhav Global closed at ₹161.28, up 3.0% on the week and down 20.0% on the month. 4 Nov 2026: ex-date for an interim dividend of ₹1.50 a share.

Earlier

• 29 Oct 2026: Vaibhav Global held its results call for July to September 2026. Management guided: FY27 revenue growth 7-9% after cut from 9-11%, FY28 return to 9-11%.
• Results for July to September 2026: Revenue up 7.0% and profit down 12.5% on a year earlier.
• Our read, 22 Aug 2026: Vertically integrated omni-channel retailer navigating Western discretionary headwinds through high-margin in-house brands, lab-grown diamonds, and European geographic expansion while generating cumulative cash flows exceeding reported profits.
• 12 Aug 2026: ex-date for an interim dividend of ₹1.50 a share.
• 25 Jun 2026: ex-date for a dividend of ₹1.50 a share, record date 26 Jun 2026.
• 3 Feb 2026: ex-date for an interim dividend of ₹1.50 a share.

Our read of the business

Latest quarter: Digital Revenue Surges 21% and Tariff Refund Lifts Reported Profitability.

Our read after the latest results, written 22 August 2026.

On the call for July to September 2026, held on 29 October 2026, Vaibhav Global's management guided: FY27 revenue growth 7-9% after cut from 9-11%, FY28 return to 9-11%.

“Based on our internal assessment, the revenue impact in the quarter was approximately US$2.8 million, or around 2.8 percentage points of growth.”Sunil Agrawal, on the call for July to September 2026

What management guided

• FY27 operating margin broadly in line with prior year versus prior 50-100 basis points expansion aim.
• Digital 50% of B2C revenue by January to March 2027 on restored momentum after Shopify completion.
• Lifestyle mix 50% of B2C revenue medium term on innovation and wellness breadth.
• Gross margin 64-65% maintained going forward on agility and mix.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 29 October 2026.

US and UK constant-currency revenues contract year-over-year for two consecutive quarters while digital gross margin compresses below 60%, indicating loss of pricing power and failure of the digital transition rather than transient macroeconomic drag.

Each change stops working if

• : In-house brand mix fails to sustain above 50% of B2C sales or customer retention drops below 35%.
• : Lab-grown diamond retail revenue contribution contracts below 10% or ASP drops below 180 dollars.
• : Digital revenue growth decelerates below 10% on a year earlier or customer acquisition payback widens beyond 12 months.
• : Germany generates consecutive quarters of operating profit losses in FY27 or local-currency revenue contracts.

The main risks

• : US revenue recorded three consecutive years of low-single-digit constant-currency growth amid discretionary spending pressure. ⚠ estimate
• : Reported earnings benefited from a 41 crore tax credit in January to March 2026 and a 38 crore tariff refund in April to June 2026. ⚠ estimate
• : Cash conversion cycle expanded from 158 to 189 days as payable days compressed from 104 to 77 days. ⚠ estimate
• : Foreign institutional shareholding declined from 22.68% to 18.52% over five consecutive quarters. ⚠ estimate

Our read after the latest results, written 22 August 2026.

When Vaibhav Global reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: Shopify digital momentum restoration through seasonally strong half on unified platform and AI creatives - per completion commentary.

Vaibhav Global is on 2 of our India lists: 52 week high & low and Dividend stocks.

Vaibhav Global Ltd earned ₹42.0 Cr of net profit in the Sep 2026 quarter, −12.5% on the same quarter a year earlier. Full-year FY26 profit was ₹266 Cr. Over 10 years profit has grown 20.9% a year on average. That is 4.5% of the quarter's revenue. The same quarter a year earlier earned ₹48.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹266 Cr (+73.9% on the year before).

Why profit moved: revenue changed +7.0% on a year earlier and the margin moved −2.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +60.8% and revenue +9.7%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

FY27-Q1. revenue ₹917 Cr and profit ₹56 Cr as reported.

FY27-Q2. revenue ₹938 Cr and profit ₹42 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Vaibhav Global Ltd reported ₹938 Cr of revenue in the Sep 2026 quarter, +7.0% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 11.2% a year on average. The last full year, FY26, came in at ₹3,692 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. Lab-grown diamonds scaled from near zero 18 months prior to 11% of retail sales in FY26 and 13% in Q1 FY27, with average realised prices near 250 dollars. With 70-75% of demand in one-carat-and-above units, LGD represents premiumization rather than discount substitution, supporting a 67% ex-refund gross margin.

The last four reported quarters add to ₹3,856 Cr.

FY26 revenue was ₹3,692 Cr, +9.2% on the year before.

Recent pace: the last four quarters grew +9.7% on average, against 11.2% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +9.6%, against +9.3% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +51.6%, against +50.6% a year (stabilising).

FY27-Q1. revenue ₹917 Cr and profit ₹56 Cr as reported.

FY27-Q2. revenue ₹938 Cr and profit ₹42 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Vaibhav Global Ltd's operating margin was 7.0% in the Sep 2026 quarter, 2.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 4.6% and 15.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. In-house brands reached 50% of B2C sales in FY26 (nearly one year ahead of plan) and expanded further to 57% in Q1 FY27. In-house brands deliver structurally higher gross margins and customer retention (23 repeat purchases per customer annually), internalizing product margin and insulating earnings from external brand licensing inflation.

Why the margin moved: operating margin changed −1.6 percentage points on the year while gross margin changed +2.4 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

FY27-Q1. revenue ₹917 Cr and profit ₹56 Cr as reported.

FY27-Q2. revenue ₹938 Cr and profit ₹42 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Over the last 3 years, 138% of Vaibhav Global Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹310 Cr of operating cash against ₹266 Cr of profit. After ₹251 Cr of spending on assets, ₹59.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 138% of profit came in as cash: the cash cycle got 50 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 1.7× depreciation over three years. The next section checks what that spending is building.

Vaibhav Global Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 189 days in FY26, up from 139 days in FY21. It spent ₹511 Cr on assets over the last 3 years. Customers take 34 days to pay, and stock sits for 232 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹3,692 Cr, each day of that cycle ties up about ₹10.1 Cr, so roughly ₹1,912 Cr is tied up in the business at any time.

FY26: customers took 34 days to pay and stock sat for 232 days, about 7.6 months of sales sitting as stock, for a full cycle of 189 days, longer than FY21's 139.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 232 days. Customers pay about 34 days after that. Suppliers are paid at 77 days. Together that makes the 189-day cycle.

Spending on assets: ₹511 Cr over the last 3 years, against ₹298 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹26.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Vaibhav Global Ltd's P/E is 9.7×, about the lowest it has ever been. Its usual P/E (the middle reading) is 25.6×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.