VAIBHAVGBL Q2 FY27 Guidance vs Delivery (VAIBHAVGBL Management Mirror)

FY27 Revenue Guidance Downgraded to 7%-9% From 9%-11% Guided in Mar'26 Qtr

In the Sep'26 Qtr concall, management lowered its FY27 full-year revenue growth guidance to 7% to 9%. This explicitly cuts the 9% to 11% YoY growth guidance initiated in the Mar'26 Qtr concall and reaffirmed in the Jun'26 Qtr. The downgrade accounts for Sep'26 Qtr platform migration impacts, UK warehouse consolidation, weaker UK consumer sentiment, and potential US midterm election distractions. Looking ahead, management expects to return to 9% to 11% revenue growth in FY28 and maintains its long-term target of achieving INR 5,000 to INR 5,500 crores in revenue by FY30, primarily through organic growth.