VGL Varvee Global (VGL) Q2 FY26 results (Jul–Sep 2025) and concall
Varvee Global Limited (VGL) reported a strong Q2 FY26 with ₹28 crore revenue and nearly 50% EBITDA margin, driven by its job work model and strategic shift to non-denim fabrics. The company is debt-free post-acquisition, which, combined with low depreciation and tax benefits, is expected to yield a PAT margin of 35-40%. VGL plans to ramp up non-denim capacity to 50-60 lakh meters per month by April and aims to diversify into multiple verticals beyond textiles in the long term.
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What they filed
Q2 FY26: revenue up 79.8%, net profit up 23.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 15 | 6 | 8 | -1 | 28 +80% |
| EBITDA | -5 | -23 | -52 | -1 | 14 +396% |
| Net profit | 8 | -7 | -9 | 25 | 10 +23% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
