Vaibhav Global Ltd posts consolidated PAT of Rs. 56.02 crore in Q4FY21

Vaibhav Global Ltd has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.672.80 crores during the period ended March 31, 2021 as compared to Rs.728.60 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.56.02 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.92.32 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.16.82 for the period ended March 31, 2021 as compared to Rs.27.85 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 672.80 crs	₹ 728.60 crs	-7.66%
Net Profit	₹ 56.02 crs	₹ 92.32 crs	-39.32%
EPS	₹ 16.82	₹ 27.85	-39.61%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.672.80 crores during the period ended March 31, 2021 as compared to Rs.502.03 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.56.02 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.39.73 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.16.82 for the period ended March 31, 2021 as compared to Rs.12.10 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 672.80 crs	₹ 502.03 crs	34.02%
Net Profit	₹ 56.02 crs	₹ 39.73 crs	41%
EPS	₹ 16.82	₹ 12.10	39.01%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.2557.77 crores during the 12 months period ended March 31, 2021 as compared to Rs.2001 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.271.78 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.190.25 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.81.59 for the 12 months period ended March 31, 2021 as compared to Rs.57.92 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 2557.77 crs	₹ 2001 crs	27.82%
Net Profit	₹ 271.78 crs	₹ 190.25 crs	42.85%
EPS	₹ 81.59	₹57.92	40.87%

Mr. Sunil Agrawal, Managing Director, Vaibhav Global Limited on Q4 & FY21 Performance, "The last financial year has been a period of unprecedented challenges. Globally, people have been confined to their homes, mobility severely restricted, increasing their propensity to look for new and innovative shopping experiences. While many established businesses and markets have seen significant disruption, VGL with its unique vertically integrated operations has firmly seized the opportunity and delivered consistent outperformance.

An agile business model and close alignment with customers' needs, backed by omni-channel presence, has driven the business in our core consumer markets. We are confident of continuing the momentum in the current year as well as we sharpen further our front-end presence as well as our supply chain framework. Moreover, economic activity in our key markets of USA and UK is seeing a return to normalcy, which should drive demand further. Expanding our presence, we have recently launched a new channel, TJC Beauty, in the UK which focuses on products and trends in the beauty market. We are also in the process of exploring other developed markets to expand our global footprint.

Financial reflection of our business achievements is seen in the report card for FY21: retail revenue growth of 31% to Rs. 2,515 crore, 140 basis points expansion in EBITDA margin, increase of 15.3% in profit after tax to Rs. 272 crore, net cash of Rs. 377 crore on the balance sheet, free cash generation of Rs. 268 crore and ROCE of 61%. We have paid dividends each quarter and with the recommended Q4 dividend of Rs. 1.50 per share (face value Rs. 2 each). Besides, interim dividends of Rs. 17.50 per share (face value Rs. 10 each) were declared and paid to shareholders in FY21. Over the last five years, between FY16 and FY21, VGL has delivered consistently to grow retail revenues by 14.8% CAGR, expand margins from 61.6% to 62.3% and increase profits by 46.6% CAGR, with commensurate improvements in cash accretion and return ratios.

Underlying these successes are positive metrics on our 4R's framework - with marked improvements on widening Reach, growing new customer Registrations, improving customer Retention and increasing Repeat purchases. At the same time, we have continued to pursue our triple bottom line objectives and I am glad to share that we have now provided meals to over 50 million children across India, USA and UK under our flagship "Your Purchase Feeds" program. Also, our deep commitment and engagement with our employees has resulted in continued recognition in the Great Places to Work lists across India, China and UK. On the corporate front, we have catapulted to the 65th rank in Fortune India's Next 500 list 2021 from the 132nd rank in FY20. Going forward, we look forward to building on these achievements, moving from strength to strength to continue to provide joy to all our stakeholders."

Shares of Vaibhav Global Ltd was last trading in BSE at Rs.881.55 as compared to the previous close of Rs. 936.25. The total number of shares traded during the day was 41191 in over 3954 trades.

The stock hit an intraday high of Rs. 937.9 and intraday low of 874. The net turnover during the day was Rs. 36797295.

Source : Equity Bulls

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