Vijay Kedia holds 33,75,000 shares: Jewellery stock in focus as company announces Q3FY26 financial results & 28% dividend payout

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Vijay Kedia holds 33,75,000 shares: Jewellery stock in focus as company announces Q3FY26 financial results & 28% dividend payout

An ace investor, Vijay Kedia hold 33,75,000 shares or 2.03 per cent stake in the company. 

Today, the shares of VAIBHAV GLOBAL LTD gained 9.4 per cent to an Intraday high of Rs 248.20 per share from its previous closing of Rs 226.95 per share. The stock’s 52-week high is Rs 302.30 per share while its 52-week low is Rs 178 per share. The shares of the company saw a Spurt in Volume by more than 13 times on the BSE.

Vaibhav Global Limited (VGL) achieved a significant milestone in Q3FY26, surpassing the Rs 1,000 crore revenue mark for the first time with a reported Rs 1,066 crore. This 9.1 per cent year-on-year growth exceeded company guidance and was accompanied by a robust 41 per cent increase in Profit After Tax, which reached Rs 90 crore. The company’s financial health is further underscored by a strong gross margin of 63 per cent and an EBITDA increase of 26 per cent, supported by cost discipline and a 170 bps margin expansion. Reflecting this profitability, the Board has declared a third interim dividend of Rs 1.50 per equity share, representing a 28 per cent payout.

The quarter was marked by strategic gains in brand positioning and operational efficiency, with in-house brands now contributing 48 per cent of gross B2C revenue. VGL’s digital presence remains a core pillar, accounting for 42 per cent of B2C sales, while the German market notably turned profitable during this period. Beyond the balance sheet, which holds a net cash position of Rs 213 crore, the company continues to advance its ESG commitments. VGL has donated over 109 million meals through its flagship social initiative and improved its ICRA ESG score to a "Strong" rating of 73.

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About the Company

Vaibhav Global Limited (VGL) is a retailer specialising in fashion jewellery, accessories and lifestyle products with a unique presence in the US and UK markets. They've carved out a space for themselves through a multi-channel approach, including 24-hour live shopping channels (Shop LC in the USA, Shop TJC in the UK, and Shop LC in Germany) alongside its websites and mobile apps. An Ace Investor, Vijay Kedia hold 33,75,000 shares or 2.03 per cent stake in the company. The company has a market cap of over Rs 4,000 crore and the stock is up by 39.4 per cent from its 52-week low of Rs 178 per share.

Disclaimer: The article is for informational purposes only and not investment advice.