Vaibhav Global going strong

Vaibhav Global had yesterday hit a new high and breached the UC at Rs.496.35 and today too, it hit a new high and breached UC at Rs.512.15. The rise seems almost relentless.

The market, which is in search of good midcaps just goes after the jugular when any company posts a good performance and Vaibhav falls into the same category.

The company is a Retailer of fashion and lifestyle accessories on Home TV and e-Commerce Platforms. For Q4FY17, it posted a consolidated total income at Rs.376 crore, up 8% (YoY), giving a net profit of Rs.20 crore, up sharply from Rs.9 crore, up 122%. It did well on the EBITDA front too, showing a rise of 123% at Rs.27 crore with margins more than doubling from 3.1% to 7.2%.

Its TV sales rose 2%, web sales were up 23% and B2B sales also rose 23%. It showed an overall rise of 14% in volumes but average selling price was down 11%. Lower expenses and lower procuring is what helped post this robust performance.