Vaibhav Global Limited has informed the Exchange about Investor Presentation
VAIBHAV GLOBAL LIMITED
Ref: VGL/CS/2024/12
National Stock Exchange of India Limited (NSE) Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra, Mumbai – 400 051 Symbol: VAIBHAVGBL
Subject: Financial Results – Investor Presentation
Dear Sir / Madam,
Date: 30th January, 2024
BSE Limited Phiroze JeejeeBhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 532156
Pursuant to regulation 30(6) of the SEBI (LODR) Regulations, 2015 please find enclosed Financial Results Presentation of Q3 & 9M FY24.
This is for your information and record.
Thanking you,
Yours Truly,
For Vaibhav Global Limited
Sushil Sharma Company Secretary M. No.: FCS - 6535
E-69, EPIP, Sitapura, Jaipur-302022, Rajasthan, India • Phone: 91-141-2770648, Fax: 91-141-2770510
Regd. Office: K-6B, Fateh Tiba, Adarsh Nagar, Jaipur – 302004, Rajasthan, India • Phone: 91-141-2601020, Fax: 91-141-2605077
CIN: L36911RJ1989PLC004945 • Email: investor_relations@vaibhavglobal.com • Website: www.vaibhavglobal.com
Vaibhav Global Limited
Global Retailer on TV and Digital Platforms of Fashion Jewellery, Lifestyle Products and Accessories
Results Presentation: Q3 and 9M FY24
Disclaimer
This presentation contains “forward looking statements” including, but without limitation, statements relating to the implementation of
strategic initiatives, and other statements relating to Vaibhav Global Limited (VGL) and its group companies’ future business
developments and economic performance. While these forward-looking statements indicate our assessment and future expectations
concerning the development of our business, a number of risks, uncertainties and other unknown factors could cause actual developments
and results to differ materially from our expectations.
These factors include, but are not limited to, general market, macro‐economic, government and regulatory trends, movements in currency
exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties
dealing with us, legislative developments, and other key factors that could affect our business and financial performance. Vaibhav Global
Limited undertakes no obligation to periodically revise any forward-looking statements to reflect future/likely events or circumstances.
MD’s Message
At the group level, we achieved a record turnover of Rs. 888 crores, reflecting growth of 23% YoY. Adjusting for recently acquired businesses, the growth would be 14%, which is in line with our stated guidance. Gross margins remain healthy at 62.4%, which is 180 basis points higher YoY. EBITDA margin in Q3 FY24 was 11.1% of revenue and is 30% higher YoY. Better gross margins and operating leverage helped expand the EBITDA margin.
In the US, retail sales are witnessing a gradual recovery buoyed by positive consumer sentiments. In the UK, with inflationary pressure and mortgage rates easing out from their erstwhile peaks, the slow but persistent movement of the economy towards positive territory is encouraging. We are also tweaking our offering best suited to consumers’ demands. Consequently, during this quarter, our volume went up by 16% YoY. Excluding the impact of acquisitions, our volume is up by 7% YoY. In Germany, our growth momentum continued in Q3 as well. Currently, we are clocking revenue of Euro 1.9 million per month in Germany which is growth of 34% YoY. We believe that we will be able to achieve break-even levels in H2 of FY25.
We remain committed to strengthening our performance based on the 4Rs i.e., Widening Reach, New Registrations, Customer Retention, and Repeat Purchases. In Q3FY24 the reach of our TV networks was 139 million households. New registration in Q3 on TTM basis is 3.5 lakhs and customer retention stood at 37%. Customers bought an average of 23 pieces on TTM basis.
Our recent acquisitions, Ideal World Limited and Mindful Souls, are progressing well. The integration of Ideal World with our UK operations was completed within a month. During the first quarter, we achieved breakeven levels in Ideal World on direct cost basis. As we are leveraging common resources like warehouse, studio, and workforce, we are confident of becoming profitable on full cost allocation basis in the next 9 months. Our second acquisition, Mindful Souls, continues to perform profitably. Already a margin-accretive business, plans are also in place to leverage our existing supply chain to improve the profitability of this business further. Commenting on Q3 FY24 results,
Mr. Sunil Agrawal, Managing Director, Vaibhav Global Limited said:
Sustainability is at the core of our business operations. We are delighted to share that this quarter we reached the milestone of 84 million meals being donated to school children under our flagship mid-day meal program- ‘Your Purchase Feeds…’. Presently, we are serving ~66,000 meals every school day.
We continue to reward our shareholders and keeping in mind our dividend policy, the Board has declared a third interim dividend of this fiscal year amounting to Rs.1.5. per equity share. Over the years, we have demonstrated agility and resilience in our performance. I would like to reiterate our positive outlook for the business and confidence to achieve our stated guidance of 13% to 15% revenue growth in FY24 and the high teens range in FY25 with decent operating leverage.
Table of Content
Company overview
Business overview
An update on recent acquisitions
Operational & financial highlights
Financial performance trends
Annexures
6
12
24
27
37
42
Q3 FY24 Highlights
23% YoY
30% YoY
Rs. 107 crores
Net Revenue Growth
EBITDA Growth
Net cash position
Record quarterly sales of Rs. 888 crores
Gross margins at 62.4% owing to better pricing and strength of vertically integrated business model
Unique customer base at 5.4 lakhs
Smooth assimilation of recently acquired businesses
Declared third interim dividend of FY24 of Rs. 1.50 per equity share
84 million meals since inception of mid-day meal program ‘Your Purchase Feeds…’. Serving ~ 66k meals per school day
Company Overview
Guiding Pillars That Defines VGL
OUR VISION
Be the Value Leader in Electronic
Retailing of Jewellery & Lifestyle
Products
OUR MISSION To deliver one million meals per day to children in need by ‘FY31’ through our one for one meal program- ‘Your Purchase Feeds…’
CORE VALUES
Team-Work
Honesty
Passion
Positive Attitude
Commitment
An Evolving Journey
Started Gemstones business
Started Jewellery manufacturing for B2B
Listing on stock exchange
1980
1996
1997
Ventured into 'Lifestyle Products' category, name changed to Vaibhav Global Ltd.
2013
2016
Shifted strategy towards 'value conscious offering'
2008
06-07
Started own TV channels in UK, US and Germany
20-21
2021
2023
Augmented sales network through Apps, Marketplaces, OTT, OTA and Social Media
UK: Started ‘TJC Beauty’ channel for beauty products
Re-entered Germany
Acquisition of ‘Ideal World’ and ‘Mindful Souls’
RESULTING IN
Top decile shareholders’ returns
Growing Consistently
Parameters (Rs. in crores)
Revenue (TTM basis)
EBITDA (TTM basis)
Profit After Tax (TTM basis)
CAGR (25 years)
Return (x times)
18%
16%
13%
68
46
24
~26% CAGR in market cap. since listing (~460 times), excluding dividend
With long term value creation
Cash accretive business model
With strong dividend payouts
272
268
237
190
176
190
105
90
106
FY 20
FY 21
FY22
FY23
9M FY24
Impact of one-time planned higher capex
(214)
Net Profit (Rs. in cr.)
Free Cash Flow (Rs. in cr.)
Since FY20
Rs. in crores
Profits After Tax
Dividend payout
Dividend payout
910
461
51%
Business Overview
E-tailing in High Potential Markets (USD 20 bn)
US
UK
GERMANY & AUSTRIA
Opportunity size
$14- $15 bn
$2-$2.5 bn
~$3 bn
➢ Target customers: Baby Boomers (65+ years) & Gen X (45+ years)
➢ Value-buying proposition of $25-$45
➢ Widest product range comprising ~25,000 SKUs
* Statista, Marketresearch.com and industry estimates
Strategic Enablers
An Efficient Interplay of
1. Omni-Channel Presence
(Proprietary TV, Website, Apps, OTT, Marketplaces & Social Media)
3. Wider Product Bouquet
2. Vertically Integrated Supply Chain
4. In-House Brand And Innovation
1. A Global Retailer on TV and Digital Platforms
PROPRIETARY ‘TV CHANNELS’
‘DIGITAL’ PLATFORMS
Proprietary Digital Platform
Mobile Applications
www.shoplc.com www.tjc.co.uk www.shoplc.de
Third Party Marketplaces
Social Retail
Google Marketplace
Reaching TV homes through Cable, Satellite and OTA broadcasts (Over The Air)
OTT Platforms
2. Vertically Integrated Supply Chain
Manufacturing in Asian countries
Serving
Selling in western countries
Primary Retail Markets
USA
UK
Germany
India & China
Resulting in industry leading gross margin of 60%+
2. Complemented by a Robust Sourcing Base
(US)
(UK)
(Germany )
Sourcing Countries
▪ India ▪ China ▪ Thailand ▪ Indonesia ▪ Tanzania ▪ Russia ▪ Morocco ▪ Myanmar ▪ Madagascar ▪ Bolivia ▪ Kenya ▪ South Korea ▪ Vietnam ▪ Brazil ▪ Sri Lanka
▪ UK ▪ Mozambique ▪ Germany ▪ Italy ▪ Turkey ▪ Poland ▪ Singapore ▪ UAE ▪ Japan ▪ Bangladesh ▪ Philippines ▪ Czech
Republic
▪ Taiwan ▪ Australia ▪ US
Sourcing Countries
3. Constantly Reimagining Growth Through New Designs & Products
Fashion Jewellery & Gemstones
Some of the best-selling products
▪ ~14K-15K new jewellery designs launched annually
▪ In-house testing lab and manufacturing
Hanabi Cut Ring
Rhapsody Tanzanite Ring
Life-Style Products
▪ A rich product basket of ~5000 unique SKUs
▪ Facilitated by innovation & global sourcing base of 30 countries
Shungite Water Bottle
Soul Smart Watch
4. Strengthening Own Brand Portfolio
•
Leveraging manufacturing & digital capabilities
USA
UK
Germany
• Number of brands: 31
• Current revenue mix: ~29% of B2C revenue
•
•
•
•
Target revenue mix: ~50% by FY27 of B2C
revenue
Strategic brand matrix (price laddering)
Increase repeats and retention using Brand
Archetype Frameworks
Inorganic opportunities (example: Rachel Galley,
Mindful Souls, Ideal World)
4. ‘Innovation’ Focused
39,900+ Ideas Generated
5,200+ Ideas Approved
1,850+ Products sold
30,000+ Ideas Proposed to Buyers Crowdsourcing of Ideas From employees, customers and external stakeholders
3,000+ Orders Placed
Global Search Program A Global product innovation and search program
Other Programs
Revenue contribution of ‘new items introduced’ (TTM basis):
~70%
With Consistent Business Delivery
Global Households Reach (in million)
127
135
139
106
Repeat Purchases (no. of pieces)
27
27
23
23
FY21
FY22
FY23
Dec-23
FY21
FY22
FY23
Dec-23
Reach
Repeat Purchases
Note: Households numbers for past period have been reinstated due to change in methodology by the transponders
With Consistent Business Delivery
Retention (20+ Purchases)*
89.3%
88.9%
86.6%
86.2%
Spend Per customer^ (in $)
705
685
701
654
FY21
FY22
FY23
Dec-23
FY21
FY22
FY23
Dec-23
Retention Rate
Spend per customer
* Retention data comprises Shop LC (US) and Shop TJC (UK) * Refers to retention rate of customers who have bought more than 20 times on TTM basis ^ Dec-23 numbers are calculated on TTM basis and without considering the impact of Ideal World and Mindful Souls
Broad Based E-tailer
B2C Revenues by Format
B2C Revenues by Product Category
TV revenues
Digital revenues
37%
63%
FY23
39%
61%
9M FY24
Jewellery
Lifestyle
27%
73%
FY23
29%
71%
9M FY24
12%
88%
FY18
Jewellery : Fashion Jewellery, Gemstones and Accessories Lifestyle : Home Décor, Beauty & Hair Care, Apparels & Accessories
B2C Revenues by Geography
Budget Pay penetration of B2C Revenues
US
UK
Europe
Non-Budget Pay revenues
Budget Pay revenues
5% 27%
68%
6% 29%
65%
FY18
FY23
9M FY24
Revenue breakup based on figures in USD million
36%
64%
FY18
39%
61%
38%
62%
FY23
9M FY24
Budget Pay revenues refer to products sold on EMI basis
27%
73%
FY18
26%
74%
An update on recent acquisitions
Ideal world
Operational update
• Started live broadcasting on 29th Sep 2023
• Airing on all ~27mn households in UK
• Unique customers for the quarter: ~41k
Financial update
• Healthier gross margins at ~60%
• Profitable in Q3 on direct cost basis
• To achieve profitability on full cost allocation basis in
next 9 months
Mindful Souls
Operational update
• Successful assimilation of business with VGL Group
• Q3 customers: ~55K
• To leverage VGL’s supply chain from FY25 onwards
Financial update
• Q3 revenue at $ 4.7 million
• Robust gross margins over 70%
• PBT margins of 10%
Q3 & 9M FY24 Operational & Financial Highlights
Being Resilient
• Negative macros easing out from their peaks
• Consumer sentiments trending positive
• Market share gains
• Positively biased for future
•
Improvement in EBITDA owing to
➢ better gross margins
➢ operational leverage
26.0%
21.0%
16.0%
11.0%
6.0%
1.0%
-4.0%
Revenue and EBITA % trends
YoY Revenue Growth
EBITDA %
10.5%
10.0%
8.1%
8.0%
9.5%
9.1%
1.8%
1.1%
-3.6%
4.8%
22.8%
11.1%
Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24
Impact of cyberattack & disruption in the delivery market
18.0%
16.0%
14.0%
12.0%
10.0%
8.0%
6.0%
4.0%
2.0%
0.0%
An update on Germany
Germany venture increase in TAM (immediate addressable market) by ~20%
▪ Now clocking monthly revenue of Euro 1.9 mn+ at 62%+ gross margins
▪ Omni-channel presence (digital is now 28%)
▪ Presence in 42 million households (95% penetration)
▪ Dispatching 4k+ pieces/day
) n m o r u E n i ( e u n e v e R
7.0
6.0
5.0
4.0
3.0
2.0
1.0
-
Revenue and Customer Trend
40
3.6
52
63
4.2
3.8
72
4.5
94
100
81
5.8
5.7
80
60
40
20
-
Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24
Net Revenue (Euro in mn)
Cumulative No. of customers (in '000)
) 0 0 0
'
n i (
s r e m o t s u c
f o
.
o N
45
40
35
30
25
20
15
10
5
-
No. of HH (in millions)
40
40
42
42
27
27
Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24
Widening Digital Presence OTT: Huge Growth opportunity
In US, OTT’s are projected to be the fastest growing video distribution medium
US internet connected device installed base, 2016 to 2026
Live & Interactive Apps
Shop LC (US) OTT Revenue (USD '000)
$3,500
$3,000
$2,500
$2,000
$1,500
$1,000
$500
$0
Q1 2023-24
Q2 2022-23
Q3 2021-22
Q4 2020-21
By 2026, there would be 1.1 bn connected devices in US, implying 3 devices per person- ‘A HUGE OPPORTUNITY FOR OTT ’
Capitalizing Cord Shifting through OTA
Expanding presence through OTA
Our target demographics prefer watching traditional Pay-TV
% of population having TV (age group wise)
86%
81%
80%
66%
73%
65%
46%
34%
18-29
30-49
50-64
65+
2015
2021
Source: PEW Research and Industry Estimates
HH: Households
Total OTA HH in US: 23mn
Shop LC’s Presence Low Power: ~18mn HH Full Power: ~5mn HH
Revenue Mix ~31% of TV revenue
Financial Highlights – Q3 FY24 Performance
Fashion Jewellery, Lifestyle Products & Accessories (Rs. Cr)
Total Revenue
5 years CAGR 12%
22.6%
888
724
1,100
900
700
500
300
100
600
500
400
300
200
100
-
TV Revenue
5 years CAGR 9%
441
17.4%
518
Digital Revenue
5 years CAGR 18%
26.5%
340
269
600
550
500
450
400
350
300
250
200
150
100
Q3 FY23
Q3 FY24*
Q3 FY23
Q3 FY24*
Q3 FY23
Q3 FY24*
B2B Revenue
30
14
Q3 FY23
Q3 FY24
55
45
35
25
15
5
-5
Note: B2B has been non-core and opportunistic business segment
*incl. revenue share from recent acquisitions
Financial Highlights – Q3 FY24
Revenue – (Local Currency)
Shop LC (US)
5 years CAGR 5%
(USD million)
58.3
6.8% 62.2
48.8
15.2
Shop TJC (UK)
5 years CAGR 7%
(GBP million)
5.2%
20.9
19.8
Q3 FY19
Q3 FY23
Q3 FY24
Q3 FY19
Q3 FY23*
Q3 FY24*
*excl. impact of Ideal World and TJC Beauty
33 33
Retail Performance Trends – Q3 FY24
TV Sales
Sales Volume ('000s)
15%
1,701
1,483
Average Selling Price US$
36.4
36.7
Q3 FY23
Q3 FY24*
Q3 FY23
Q3 FY24*
Sales Volume ('000s)
17% 1,370
1,174
Digital Sales
31.0
26.0
21.0
16.0
Average Selling Price US$
27.9
29.8
1,600
1,100
600
100
1,500
1,300
1,100
900
700
*incl. revenue share from recent acquisitions. Excl. acquisitions, TV and Digital’s volume growth was 10% and 3% respectively
Q3 FY23
Q3 FY24*
Q3 FY23
Q3 FY24*
34
Financials – Q3 FY24 Performance
Gross Profit (Rs. Cr) and Margin (%)
EBITDA (Rs. Cr) and Margin( %)
Gross Margin (%)
60.6%
438
62.4% 26.5%
555
EBITDA Margin (%)
10.5%
76
11.1%
30.0%
99
Q3 FY23
Q3 FY24
Q3 FY23
Q3 FY24
PAT (Rs. Cr) and PAT Margin %
PAT Margin (%)
5.4%
39
5.3% 20.2% 47
EPS (Rs.)
2.87
2.37
Q3 FY23
Q3 FY24
Q3 FY23
Q3 FY24
EBITDA Margin Walk
Particulars
% to Revenue
Remarks
EBITDA Q3 FY23
10.5%
Gross Margin
1.9% Impact of better realisation
Broadcasting expenses
1.4% Pertains to recent tie-ups in Germany & US
Other operational expenses 1.3% Operating leverage
Foreign exch. income
1.2% Favourable currency movement in Q3 FY23
EBITDA Q3 FY24
11.1%
Financial Performance Trends
Revenue Breakdown – (Rs. crore)
Financial Performance Trends
5 years CAGR: 11.4%
2,540
2,752
2,691
1,571
1,814
1,986
1,998
2,252
FY18
FY19
FY20
FY21
FY22
FY23
9M FY23
9M FY24
Fashion Jewelry, Accessories & Lifestyle Products (Rs. Crore)
5 years CAGR: 10.4%
5 years CAGR: 21.2%
TV Revenue 1,606 1,699 1,633
997 1,157 1,285
Digital Revenue
986
977
909
1,225 1,316
633
510
373
B2B Revenue
840
721
201
147
69
25
67
81
52
96
FY18
FY19
FY20
FY21
FY22
FY23
9M FY23
9M FY24
FY18 FY19 FY20 FY21 FY22 FY23
9M FY23
9M FY24
FY18 FY19 FY20 FY21 FY22 FY23
9M FY23
9M FY24
Retail Performance Trends
TV Sales
Sales Volume ('000s)
5737
6,275
6,070
7,837
6,998
5,331
4,234
4,073
Average Selling Price US$
27.0
26.5
29.9
27.7
32.6
38.0
36.3
39.1
FY18
FY19
FY20
FY21
FY22
FY23
9M FY23
9M FY24
FY18
FY19
FY20
FY21
FY22
FY23
9M FY23
9M FY24
Digital Sales
Sales Volume ('000s)
5,409
5,477
3,522
4,113
2,840
4,428
3,442
3,367
20.4
20.7
21.7
22.7
24.2
27.4
26.4
30.2
Average Selling Price US$
FY18
FY19
FY20
FY21
FY22
FY23
9M FY23
9M FY24
FY18
FY19
FY20
FY21
FY22
FY23
9M FY23
9M FY24
Financials – Annual Financial Performance
Shareholders’ Equity (Rs. Cr)
Fixed assets including intangibles (Rs. Cr)
1,127
964
1,201
1,266
494
511
593
697
751
550
120
117
163
192
FY18
FY19
FY20
FY21
FY22
FY23
9M FY24
FY18
FY19
FY20
FY21
FY22
FY23
9M FY24
Net Debt (Rs. Cr)
Net Assets* (Rs. Cr)
FY18
FY19
FY20
FY21
FY22
FY23
9M FY24
(13)
(181)
(194)
(93)
(107)
(167)
417
399
394
395
540
523
566
Note: Negative net debt even after recent acquisitions reflects strength of our balance sheet and robust cash generating business model
Net Assets is balancing figure arrived at by excluding shareholders equity, net debt, and fixed assets including intangibles
(377)
FY18
FY19
FY20
FY21
FY22
FY23
9M FY24
Financials Performance Trends & Ratios
Operating Cash flow (Rs. Cr)
324
203
211
38
126
86
FY18
FY19
FY20
FY21
FY22
FY23
ROE (TTM)
32%
25%
26%
23%
23%
221
9M FY24
9%
11%
Free Cash Flow (Rs. Cr)
268
181
176
20
90
(214)
FY18
FY19
FY20
FY21
FY22
FY23
190
9M FY24
ROCE (TTM)
61%
46%
37%
27%
31%
14%
18%
FY18
FY19
FY20
FY21
FY22
FY23 9M FY24
FY18
FY19
FY20
FY21
FY22
FY23 9M FY24
41
Annexures
Growth In Digital Commerce Markets
Broader macro challenges tapering down
UK
31%
28%
27%
26%
26%
28%
US
28%
14%
15%
15%
15%
16%
11%
UK
▪ Demand trending upwards
gradually
19%
▪ Consumers are still cautious
US
▪ Positive consumer sentiments
driving the consumption
2019 2020 2021 2022 9M FY23
9M FY24
Q3 FY23
Q3 FY24
▪ Market leading growth continues
E-com sales mix (as a % to total retail sales)
Source: United States Census Bureau www.census.gov. And Office for National Statistics www.ons.gov.uk
Robust Corporate Governance
9M FY24
~Rs. 74 crores
Interim Dividends
Awards & Accolades
India Risk Management Award from ICICI Lombard & CNBC-TV18
LEED’s PLATINUM & GOLD Certification
Dividend Payout Policy
‘Net Zero Energy Building’ certified
▪ 20-30% of consolidated free cash flows ▪ Balance between shareholder reward
resource
conservation and
ICSI National Award for Excellence in Corporate Governance
India, US, UK & China GPTW® Certified
B S R & Co. LLP Statutory Auditors
Credit Rating Long-term ICRA A (Stable Outlook)
DELOITTE Internal Auditors
CARE A (Stable)
Credit Rating Short-term ICRA A1
CARE A1
Strong & Experienced Management
Mr. Sunil Agrawal Managing Director, VGL Group
Mr. Nitin Panwad Group CFO, VGL Group
Mr. Vineet Ganeriwala President, Shop LC (US)
Mr. Srikant Jha Managing Director, Shop TJC (UK)
Mr. Deepak Mishra Managing Director, Shop LC (Germany)
Mr. Ankur Sogani Vice President, Commercial, Shop LC (US)
Mr. Deepak Sharma Vice President, Operations, Shop LC (US)
Mr. Raj Singh Vice President, Supply Chain, VGL Group
Mr. Pushpendra Singh Vice President, Human Resources, VGL Group
Mr. Mohammed Farooq Group Chief Technology officer
Mr. Ashish Dawra Vice President, Global IT
Sustainability Initiatives
ENERGY
Solar 3.23 mw
requirement
Solar power capacity meets 100% power at manufacturing units in Jaipur Generated 14.5 Mn KWH units since inception
EV
184 two-wheelers & 3 four- wheelers employees’ for commute. Replaced 12 buses till date
BIODIVERSITY
~28,000
Saplings planted for developing 2 Miyawaki forests
~7,500
Additional saplings planted till date in office premises, RIICO Garden and Government Schools
WATER 6100 KL Rainwater harvested
per annum
500 KL
Rainwater Storage Tank commissioned
WASTE
100%
of
Conversion degradable (vegetables, leaves) into manure
bio- waste food,
2,200 Kg E-waste recycled till date
~1,800 Kg
Plastic waste recycled till date
To Become Carbon Neutral in Scope 1 and 2 GHG emissions by 2031
Growth With Responsibility
▪ Till date Served 84 million meals
to
underprivileged children through flagship One for
One Program, ‘Your Purchase Feeds…’
▪ Local charity partners
✓Akshaya Patra in India
✓No Kid Hungry and Backpack Friends in US
✓Magic Breakfast & Felix Project in UK
▪ Serving ~66k meals every school day
▪ To serve 1 million meals per day by FY31
Shareholding Pattern: As on 31st December 2023
Key Shareholders
Nalanda India Fund Limited
Malabar India Fund Limited
Motilal Oswal Flexi Cap Fund
Vanguard
Taiyo Greater India Fund
Vijay Kedia
Ashish Kacholia
Government Pension Fund Global
Holding as on 31st-Dec-23
9.33%
6.44%
4.90%
1.45%
2.78%
2.01%
1.21%
0.32%
Shareholding Pattern
Others
12.12%
Individual - >1%
3.22%
AIF
0.43%
Domestic Institutions (MF)
4.94%
Foreign Institutions (FPI, FII) & NRI
22.05%
Promoter & Promoter Group
57.24%
VAIBHAV GLOBAL LIMITED
Company: Vaibhav Global Limited Nitin Panwad, Group CFO Nitin.panwad@vglgroup.com Prashant Saraswat Head-Investor Relations Prashant.saraswat@vglgroup.com www.vaibhavglobal.com +91-8920609578
Investor Relations Advisors: Adfactors PR Pvt. Ltd. Amit Sharma Amit.Sharma@adfactorspr.com Disha Shah Disha.shah@adfactorspr.com
www.adfactorspr.com