The shares of a global retailer with strong presence in the US and UK were in focus during Tuesday’s session after the company received a favorable order from the Income Tax Appellate Tribunal, leading to the deletion of tax demands worth over Rs 150 crore.
With a market capitalisation of Rs 3,917 crore, shares of Vaibhav Global Limited (VGL) surged over 2% on Tuesday, hitting an intraday high of Rs 241.90 compared to the previous close of Rs 236.15.
Whats the News
Vaibhav Global Limited has received a favorable order from the Income Tax Appellate Tribunal (ITAT), Jaipur Bench, dated 7 July 2025. The ruling covering Assessment Years 2020‑21 and 2021‑22 upheld the company’s position on transfer pricing adjustments (including methodology and notional interest on receivables) and the applicability of buy‑back tax under Section 115QA.
As a result, previously raised tax demands of about Rs 91.81 crore (AY 2020‑21) and Rs 58.85 crore (AY 2021‑22) have been deleted, removing a potential liability of roughly Rs 150.66 crore and providing a material financial boost to the company.
About the Company
Vaibhav Global Limited (VGL) is a vertically integrated B2C digital retailer of fashion jewellery and lifestyle products, reaching over 127 million TV households and operating through its own TV channels and digital platforms. Its strong sourcing network across 30+ countries and in-house manufacturing help maintain low costs and offer deep discounts to customers.
The company is expanding its digital presence with investments in AI, CRM, and e-commerce to enhance its omni-channel experience. Focused on innovation and value, VGL continues to build a seamless shopping journey while staying committed to its mission of Delivering Joy.
The company posted a revenue of Rs 3,380 crore in FY25, up by 11.1% from Rs 3,041 crore in FY24. The net profit has increased by 20.4 percent, from Rs. 127 crore in FY24 to Rs. 153 crore in FY25.The company maintained a Return on Capital Employed (ROCE) of 14.1% and a Return on Equity (ROE) of 11.7%
Written By Rohan Pandey
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