Vaibhav Global Ltd (VGL)
Mcap: ₹ 5385 Cr.
10Yrs ROE: 26%
Co has created a niche for itself in the global retail space, especially in the jewellery, accessories & lifestyle product segments of 2 of the largest economies of the world, the US & UK.
Mcap: ₹ 5385 Cr.
10Yrs ROE: 26%
Co has created a niche for itself in the global retail space, especially in the jewellery, accessories & lifestyle product segments of 2 of the largest economies of the world, the US & UK.
Co owns Shop LC for USA, Shop TJC for UK & ShopLC for Germany which are 24 hour live shopping channels. It also owns proprietary web platforms tjc.co.uk , shoplc.com & shoplc.de & has launched app of its retail platforms on smartphones.
Co had operations in 2 countries, USA & UK. During FY22 it entered into the German market with the launch of Shop LC Germany, it also serves Austria through Germany. Germany will achieve breakeven in Germany by H2 FY24.
It has manufacturing & sourcing units in Mumbai and Jaipur in India. It sources raw materials from over 20 countries across the world including Thailand, China, Indonesia, Russia, Morocco, Myanmar, Madagascar, Kenya & others.
Co's in house brands contribute 25-30% of Group revenue.
During FY22 Co launched 2 D2C brands, namely, Rachel Galley & TAMSY in the US and UK. TAMSY is a female apparel brand which has been created, incubated & launched in-house by targeting customers above 40 years with an
During FY22 Co launched 2 D2C brands, namely, Rachel Galley & TAMSY in the US and UK. TAMSY is a female apparel brand which has been created, incubated & launched in-house by targeting customers above 40 years with an
increased focus on fit and value.
Rachel Galley is a contemporary jewelry brand of the UK, whose worldwide digital brand rights were acquired by the co. It offers exceptional jewelry at affordable prices, thus aligning well with its focus on ‘value conscious’ offerings.
Rachel Galley is a contemporary jewelry brand of the UK, whose worldwide digital brand rights were acquired by the co. It offers exceptional jewelry at affordable prices, thus aligning well with its focus on ‘value conscious’ offerings.
During FY22 Co made investments in building its digital competencies, automation, channel upgrade & geographical expansion. It continued with its planned investments in new OTA homes, elevated digital marketing spends on OTT’s, social media search & third party marketplaces.
Additionally, Co invested in its tech infrastructure & upgraded its website in the US & mobile & OTT apps in the US & UK. Shop LC has finalized architect for its upcoming headquarters in Austin, Texas with expected completion by H2 of FY24.
Co also completed acquisition of Encase Packaging Private Limited, this acquisition will further strengthen its supply chain network providing requisite flexibility & cost advantage.
Management is optimistic on the medium & long-term growth journey of VGL & would like to
Management is optimistic on the medium & long-term growth journey of VGL & would like to
reiterate that long-term investments will support its growth ambitions. Management is confident to combat the inflationary challenges & deliver continued growth & expect the FY23 to have mid-single digit revenue growth.
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