Vaibhav Global reported strong Q1 FY27 results: Revenue up 12.7% to 917 Cr, EBITDA surged 37% to 102 Cr (11% margin), and PAT grew 50% to 56 Cr.

Growth was aided by favorable forex and a 38 Cr US tariff refund, with constant currency revenue flat due to macro headwinds.

Digital sales hit 45% of B2C revenue, targeting 50% by FY27. Lab-grown diamonds now 13% of retail.

The company completed migration to Shopify & is leveraging AI.

FY27 guidance targets 9-11% revenue growth with 50-100 bps EBITDA margin expansion.

Management is confident in digital expansion for mid-long term 12-15% growth to 5,000-5,500 Cr by FY30, despite consumer caution.