- Good results by vaibhav global. Revenue grew by ~8%, PBT by 22%. Largely due to margin improvement. Company pre-shipped inventory ahead of the tariff rollout, ensuring smooth operations in coming months.
- UK showing healthy growth of 12% YOY and 1.5 QOQ. Also, rest of the world 7.3% YOY and 22.5% QOQ
- Europe (excl. UK) has shown biggest improvement with EBIT margins turned YOY from (15%) to 15%. In my view, large part of this is due to Forex gain as EUR appreciated by 7% this quarter, further Germany was in losses in Q1 but achieved EBITDA breakeven in July.
- Management has lowered revenue guidance from 8-12% to 7-9% due to tariff
Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/6eee97b4-d48d-4508-be09-178d62cff20d.pdf