Varvee Global Stock Split Confirmed as Revenue Surge Anchors FY26 Turnaround

Varvee Global Limited kept investor attention after setting a record date for its planned stock split. In filings to BSE and NSE, Varvee Global said Monday, March 2, 2026 determined which shareholders qualified for the subdivision. The update followed earlier disclosure that a record date would be fixed for the corporate action.

Under the plan, one equity share of face value Rs. 10 was set to split into two shares. Each new share carried a face value of Re. 5. Varvee Global said the subdivided shares would remain fully paid-up. They would also rank pari-passu in all respects after the split.

"This is to inform you that the Company has fixed Monday, March 02, 2026 as the "Record Date" for determining entitlement of Equity Shareholders for the purpose of sub-division/ split of existing Equity Shares of the Company, such that 1 (one) equity share having face value of Rs. 10/- (Rupees ten only) each, fully paid-up, will be sub-divided into 2 (two) equity shares having face value of Re. 5/- (Rupee five only) each, fully paid-up, ranking pari-passu in all respects which was approved by the Equity Shareholders through Postal Ballot on 19th February, 2026," Varvee Global confirmed in a regulatory filing.

Varvee Global reported a sharp rise in revenue from operations in Q3 FY26. Revenue increased to Rs 12.14 crore from Rs 5.94 crore in Q3 FY25. For 9M FY26, revenue stood at Rs 39.42 crore. This compared with Rs 34.95 crore in 9M FY25, up 12.78%.

Gross profit swung strongly during the quarter. Varvee Global posted gross profit of Rs 7.21 crore in Q3 FY26. In Q3 FY25, the company had reported a gross loss of Rs 14.44 crore. For 9M FY26, gross profit was Rs 33.30 crore. It reversed a gross loss of Rs 9.05 crore in 9M FY25.

Operating performance also improved, based on EBITDA. The firm cut its EBITDA loss to Rs 1.47 crore in Q3 FY26. It had reported an EBITDA loss of Rs 22.60 crore in Q3 FY25. Across 9M FY26, EBITDA turned positive at Rs 11.25 crore. This compared with an EBITDA loss of Rs 38.20 crore in 9M FY25.

Profitability and per-share metrics moved higher in Q3 FY26. Varvee Global recorded PAT of Rs 5.35 crore in Q3 FY26. In Q3 FY25, PAT had been a loss of Rs 6.94 crore. For 9M FY26, PAT rose to Rs 41.04 crore. This was 71.67% above Rs 23.91 crore in 9M FY25.

EPS improved along with earnings. Varvee Global posted EPS of Rs 7.36 in Q3 FY26. Q3 FY25 had shown negative EPS of Rs 2.96. Over 9M FY26, EPS increased to Rs 21.54. It rose 111.37% from Rs 10.19 in 9M FY25.

Key financial comparisons are summarised below.

Metric	Q3 FY26	Q3 FY25	9M FY26	9M FY25
Revenue from operations (Rs crore)	12.14	5.94	39.42	34.95
Gross profit / (loss) (Rs crore)	7.21	(14.44)	33.30	(9.05)
EBITDA (Rs crore)	(1.47)	(22.60)	11.25	(38.20)
PAT (Rs crore)	5.35	(6.94)	41.04	23.91
EPS (Rs)	7.36	(2.96)	21.54	10.19

Varvee Global target price and technical levels

"Varvee Global stock price is bearish on the Daily charts with strong resistance at 144. A Daily close below support of 127 could lead to a target of 114 in the near term," commented A R Ramachandran, part-time SEBI-registered Research Analyst, Tips2trades.

"Our Q3 and 9M results reflect a fundamental turnaround in VGL's earning capability. By delivering 9M gross margins of 84.5% and achieving a positive 9M EBITDA, we have proven that our focus on premium non-denim fabrics is the correct path for long-term growth. The assignment of a 'Positive' rating outlook from India Ratings marks our transition into a more stable, institutional-grade financial profile. We are now aggressively scaling; our expansion to 18 lakh meters per month is just the first step toward our 50lakh-meter goal. We remain committed to compounding free cash flow and maintaining a debt-free balance sheet as we capture the expanding opportunities in the Indian textile market," - Mr. Jaimin Gupta, Chairman & Managing Director of Varvee Global Ltd said.

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With the March 2, 2026 record date set, Varvee Global clarified who would be eligible for the share split. The company also reported stronger Q3 FY26 and 9M FY26 numbers, including positive PAT and improved EPS. Separately, the analyst note highlighted resistance at 144 and support at 127, with 114 cited as a near-term target.