Vaibhav Global Limited has informed the Exchange about Investor Presentation
VAIBHAV GLOBAL LIMITED
Ref: VGL/CS/2025/16
National Stock Exchange of India Limited (NSE) Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra, Mumbai – 400 051 Symbol: VAIBHAVGBL
Date: 30th January, 2025
BSE Limited Phiroze JeejeeBhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 532156
Subject: Financial Results – Investor Presentation
Dear Sir/Madam,
Pursuant to regulation 30(6) of the SEBI (LODR) Regulations, 2015 please find enclosed Financial Results Presentation of Q3 and 9M FY25.
Kindly take the same on record.
Thanking you,
Yours Truly,
For Vaibhav Global Limited
(Yashasvi Pareek) Company Secretary ACS – 39220
Encl.: a/a
E-69, EPIP, Sitapura Industrial Area, Jaipur-302022, Rajasthan, India • Phone: +91-141-2770648; +91-141-2771975
Regd. Office: E-69, EPIP, Sitapura Industrial Area, Jaipur-302022, Rajasthan, India • Phone: +91-141-2770648; +91-141-2771975 CIN: L36911RJ1989PLC004945 • Email: investor_relations@vaibhavglobal.com • Website: www.vaibhavglobal.com
Q 3 F Y 2 5 I n v e s t o r P r e s e n t a t i o n
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
Mr. Sunil Agrawal, Managing Director, Vaibhav Global Limited
I am glad to share that in line with our guidance, Germany operations have broken even at the EBITDA level, and Ideal World has turned profitable in Q3. I am pleased to share that we achieved 10% revenue growth this quarter, and achieved highest ever quarterly sales of Rs. 977 crores. Owing to surge in demand of lab grown diamonds and high-end jewellery, gross margins came in at 61.3% which is 110 basis points lower year-over-year. EBITDA margin improved to 11.5% this quarter, which is 40 basis points higher than last year. Lower gross margins were offset by savings in shipping cost, operating leverage, Germany reaching breakeven levels, and our ongoing cost optimization drive.
In the US, revenue grew by 3.6% year-over-year, boosted by a strong festive season and improving consumer confidence. In the UK, revenue was up by 6.5%, with Ideal World making a significant contribution. Germany continued its robust performance, posting 30.7% year-over-year revenue growth. With operations achieving breakeven this quarter, we are confident about maintaining this momentum in Q4 as well. We further expect Germany to start contributing to our bottom line from FY26 onwards.
I would also like to update on our progress in lab grown diamonds. Owing to the shift in consumer demand towards lab-grown diamonds, we have successfully scaled our offerings, with contributions rising to 8.9% of quarterly sales vs 0.2% a year ago. We are leveraging our in-house sourcing, manufacturing, and extensive jewelry design bank to stay ahead of our peers in this emerging market.
Our 4R strategy—Widening Reach, New Customer Registrations & Acquisitions, strengthening Customer Retention, and Repeat Purchases—continues to deliver strong results. Our TV networks now reach 127 million households, and our unique customer base has grown by 30% year-over-year to approximately 698,000. Excluding acquisitions, our customer base still grew by 6% year-over-year. Customer retention remains strong at 43%, with an average of 22 pieces purchased per customer annually.
At VGL, community giveback is also an area of focus. We recently achieved milestone of serving 97 million meals to schoolchildren through our 'Your Purchase Feeds...' initiative, with 69,000 meals donated every school day. Our long-term goal is to provide 1 million meals per school day by FY40. On the sustainability front, we generated 1.1 million kilowatt-hours of solar energy this quarter. This aligns with our long-term goal of achieving carbon neutrality for Scope 1 and Scope 2 greenhouse gases emissions by 2031.
As we aim to balance growth, reinvestments, and shareholder returns, the Board has declared an interim dividend of Rs 1.5 per share for the quarter, representing 39% payout. Looking ahead, we remain mindful of macroeconomic trends, particularly the muted consumer sentiments in the UK and Europe. We now expect 12% revenue growth for FY25, reflecting these conditions while maintaining operating leverage. From FY26 onwards, we anticipate early teen revenue growth with a continued focus on operating efficiency.
Q3 FY25 Highlights
10% YoY ₹
Revenue Growth
11.5%
Rs. 106 cr.
EBITDA Margin
Net Cash Positive
Highest ever quarterly sales of Rs. 977 crores
A Strong Balance Sheet: Net cash position of Rs. 106 crores
Highest ever unique customer base of ~698 k, ↑30%+ YoY
Declared 3rd interim dividend of Rs. 1.50/- equity share (39% payout)
IGJ Award: Highest exporter of ‘Cut & Polished Coloured Gemstones’ during FY24
06
11
Company Overview
Business Overview
26
30
Update on Acquisitions & Germany
Emerging Industry Trends
34
40
Operational & Financial Highlights
Financial Performance Trends
45
Annexures
s t n e t n o C f o e b a T
l
Company
Overview
About Us
Vertically-integrated Digital Retailer of fashion jewellery & lifestyle products
• End-to-end B2C business model • Presence through proprietary TV channels and
digital platforms
Strong Management and Governance
• Professional management team • Experienced Independent Board
Solid Infrastructure Backbone
• Continued investment in building digital
capabilities
• Scalable model with limited capex
requirement
*FTE: Full Time Equivalent
Strong Customer Visibility
• TV Homes accessed (*FTE): ~ 127
mn households
• Growing digital presence
Exceptional one for one mid-day meals program – ‘Your Purchase Feeds…’
• Every piece sold results in one meal for
school-going child
• Served 97 million meals till date
Robust Customer Engagement
• Omni-channel B2C retail presence • Cross selling potential
Guiding Pillars Defining VGL Group
Our Vision Be the Value Leader in Electronic Retailing of Jewellery & Lifestyle Products
Our Mission To deliver 1 million meals per school day to children in need by FY40 through our flagship mid-day meals program- ‘Your Purchase Feeds….’
CORE VALUES
Team-Work
Honesty
Passion
Positive Attitude
Commitment
Vaibhav Global Limited
Global Retailer on TV and Digital Platforms Jewelry, Lifestyle Products and Accessories
Fashion
of
USA
Germany
UK
UK
An Evolving Journey
Started Gemstones business
Started Jewellery manufacturing for B2B
Listing on stock exchange
1980
1996
1997
Started 'Lifestyle Products' category, name changed to Vaibhav Global Ltd.
Shifted strategy towards 'value conscious offering'
2013
2008
06-07
Started own TV channels in UK, US & Germany
2016
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’
Strong & Experienced Management
Mr. Sunil Agrawal Managing Director, VGL Group
Mr. Nitin Panwad Group CFO, VGL Group
Mr. Vineet Ganeriwala President, Shop LC (US)
Ms. Dee Kumar Managing Director, Shop TJC (UK)
Mr. Deepak Mishra Managing Director, Shop LC (Germany)
Mr. Mohammed Farooq Group Chief Technology officer
Mr. Pushpendra Singh Vice President, Human Resources, VGL Group
Mr. Aswini Agarwal Head of Supply Chain, Asia
Mr. Ankur Sogani Vice President, Commercial, Shop LC (US)
Mr. Ashish Dawra Vice President, Global IT
Business
Overview
A Global Retailer on Proprietary TV Channels
Proprietary ‘TV Channels’
Primary Retail Markets
UNITED STATES
UNITED KINGDOM
GERMANY & AUSTRIA
60 million HH
27 million HH
40^ million HH
Reaching TV homes through Cable, Satellite and OTA broadcasts (Over The Air)
^ A government authority-led household recount has revised the no. of HH in Germany to 40 million
Complimented by Digital Platforms
Digital Platforms
Our Presence
Proprietary Digital Platform
Mobile Applications
www.shoplc.com www.tjc.co.uk www.shoplc.de www.idealworld.tv www.mindfulsouls.com
Third Party Marketplaces
Social Retail
OTT Platforms
With Huge Growth Potential : TAM of USD 20 bn
UNITED STATES
Opportunity size
$14- $15 bn
UNITED KINGDOM
$2-$2.5 bn
GERMANY & AUSTRIA
~$3 bn
Target customers Baby Boomers (65+ years) & Gen X (45+ years)
Value-buying proposition of $30-$45
Widest product range comprising ~30,000 SKUs
Statista, Marketresearch.com and industry estimates TAM: Target Addressable Market
Vertically Integrated Supply Chain Leveraging Global Jewellery Manufacturing Hub: Jaipur
UK
USA
Germany
Jaipur
Global manufacturing hub of Fashion Jewellery & Gemstones Availability of skilled manpower
169,000 sq. ft. Fully-integrated Manufacturing Set-up in Jaipur Production Capacity: 5 million pcs p.a.
Making in India for ‘Western Markets’
Vertically Integrated Supply Chain Complemented by a Strong Global Sourcing Base
Sourcing Countries
Resulting in Industry Leading Highest Gross Margins
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
Constantly Reimagining Growth Through New Designs & Products
Fashion Jewellery & Gemstones
Life-Style Products
Lab Grown Diamond Jewellery
Soulsmart Ring
Detangler Hair-Brush
(Retractable Bristle Technology)
Walking Cane
•
•
~14K-15K new jewellery designs launched annually
• A rich product basket of ~5000 unique SKUs
In-house testing lab and manufacturing
•
Facilitated by innovation & global sourcing base of 30
countries
‘Innovation’ Focused
59,000+ Ideas Generated
6,700+ Ideas Approved
2,600+ Products sold
58,000+ Ideas Proposed to Buyers
4,500+ Orders Placed
Global Search Program A Global product innovation and search program
Crowdsourcing of Ideas From employees, customers and external stakeholders
Received ‘Design Patent’ for ‘Hanabi Cut Ring’
Received ‘Design Patent’ for ‘Triangular Bead Spinner’
Other Programs
Numbers are cumulative since inception
Revenue contribution of ‘new items introduced’ (TTM basis): ~70%
Strengthening Own Brand Portfolio
•
Leveraging manufacturing & digital capabilities
• Number of brands: 33
• Current revenue mix: ~31% of gross B2C sales
•
•
•
•
Target revenue mix: ~50% by FY27 of gross B2C
sales
Strategic brand matrix (price laddering and
offering)
Increase repeats and retention using Brand
Archetype Frameworks
Inorganic opportunities
(like Rachel Galley, and Mindful Souls)
Resulting In
Top decile shareholders’ returns since listing
Growing Consistently
Parameters (Rs. in crores)
CAGR (27 years)
Return (x times)
Revenue
EBITDA
Profit After Tax
18%
17%
14%
93
66
35
~22% CAGR in market cap. since listing (~259 times), excluding dividends
4 R’s of Customer Engagement
Reach (HH)
127mn
TV Linear | OTA
Digital Browsers | Mobile Apps | Market-places | OTT| Social Media
Registrations & Acquisitions ^
4.1 lakh (TTM)
Products
Deep value proposition
Engrossing Content
Retention
43%(TTM)
Enduring relationships
Convenience
Digitalization/AI
Repeat Purchases
22*(TTM)
Expanding wallet share
Cross-selling
Note: TTM: Trailing Twelve Months | *pieces per customer | HH: Households
^ Refer to customers who have never purchased previously
Broad Basing Customer Base
• Highest ever unique customer base of 698 K
•
•
YoY growth of 30% (incl. acquisition)
YoY growth of 6% (ex-acquisition)
• Healthy ‘spend per customer’ of $853 (ex-
acquisition)
Unique Customer Base (in 000')
84
454
452
126
459
204
215
164
472
478
483
Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25
Existing Business
Acquired Businesses
With long term value creation
Cash accretive business model
With strong dividend payouts
272
268
237
230
190
176
105
90
127
119
54
FY 20
FY 21
FY22
FY23
FY24
9M FY25
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
Dividends Paid
Payout Ratio
1,050
561
53%
Broad Based E-tailer
27%
73%
FY18
26%
74%
B2C Revenues by Format
B2C Revenues by Product
39%
61%
FY24
40%
60%
9M FY25
TV revenues
Digital revenues
12%
88%
FY18
30%
70%
FY24
34%
66%
9M FY25
Jewellery
Lifestyle
Jewellery : Fashion Jewellery, Gemstones and Accessories
Lifestyle : Home Décor, Beauty & Hair Care, Apparels & Accessories
B2C Revenues by Geography
Budget Pay (% to B2C Revenues)
9% 28%
63%
12%
29%
59%
FY18
FY24
9M FY25
US
UK
Europe
Revenue breakup based on figures in USD million
36%
64%
FY18
39%
61%
38%
62%
FY24
9M FY25
Non-Budget Pay revenues
Budget Pay revenues
Budget Pay revenues refer to products sold on EMI basis
An update on
GERMANY AND RECENT ACQUISITIONS
Germany
Increased TAM (immediate target addressable market) by ~20%
Q3 revenue Euro 6.7 mn
Digital sales mix 27%
Revenue growth by 29% YoY
Achieved EBITDA level breakeven
Repeat purchase 23 pieces
Presence in 40 million Households^
Revenue (in Euro mn)
No. of HH (in mn)
40
42
40
21.4
19.3
16.0
14.4
27
4.0
FY22
FY23
FY24
9M FY24
9M FY25
FY22
FY23
FY24
9M FY25
^ A government authority-led household recount has revised the no. of HH in Germany to 40 million
Ideal World
TTM revenue
£ 19mn
Presence in 27 million households (100% penetration)
60%+
gross margins
Unique customer
112 k
Also transponding on
HD networks
Achieved full- cost profitability
) n m n
i
£ ( e u n e v e R t e N
7.0
6.0
5.0
4.0
3.0
2.0
1.0
-
Revenue and New Customers
97
4.4
69
3.5
147
5.9
120
4.9
Q4 FY24
Q1 FY25
Q2 FY25
Q3 FY25
Net Revenue (£ in mn)
New Customers (cumulative) (in '000)
160
140
120
100
80
60
40
20
-
) 0 0 0
'
n i (
l
) e v i t a u m u c ( s r e m o t s u C w e N
Mindful Souls
TTM performance
AOV
$ 45
PBT margin
~7%
Revenue
$ 17 mn
Unique customer
102 k
Leveraging VGL’s supply chain ➢ Launched 5 new products during Q3 FY25 ➢ Best selling products also shifted under India’s supply chain ➢ Benefits of in-house supply chain to accrue from near term onwards
Emerging
INDUSTRY TRENDS
Capitalizing Cord Shifting through OTA
Our target demographics prefer watching traditional Pay-TV
Expanding presence through OTA
% 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
Full Power
~18mn HH
~5mn HH
Revenue Mix
~31%
of TV revenue
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 trend (USD mn)
$10.5
$9.3
$7.5
$6.0
$2.2
FY21
FY22
FY23
FY24
9M FY25
By 2026, there would be 1.1 bn connected devices in US, implying 3 devices per person- ‘A HUGE OPPORTUNITY FOR OTT’
Being Resilient
• Continuing market share gains across territories
46.0%
Revenue and EBITA % trends
•
Focused pricing and product mix helped
sustained gross margins above 60%
• Germany and Ideal World helped improve
Group’s profitability
36.0%
26.0%
16.0%
6.0%
-4.0%
10.0% 9.5%
11.1%
22.8%
8.0%
9.1%
4.8%
1.1%
8.7% 8.7%
8.1%
14.0% 14.9%
13.0%
11.5%
10.0%
Q4 FY23
Q1 FY24
Q2 FY24
Q3 FY24
Q4 FY24
Q1 FY25
Q2 FY25
Q3 FY25
YoY Revenue Growth
EBITDA %
18.0%
16.0%
14.0%
12.0%
10.0%
8.0%
6.0%
4.0%
2.0%
0.0%
Q3 FY25 OPERATIONAL &
FINANCIAL HIGHLIGHTS
Financial Highlights – Q3 FY25 Revenue breakup
Revenue & Revenue Split (Rs. Crore)
Total B2C Revenue
TV Revenue
Digital Revenue
B2B Revenue
10.0% 977
888
5.6%
547
518
11.8% 380
340
50
30
Q3 FY24
Q3 FY25
Q3 FY24
Q3 FY25
Q3 FY24
Q3 FY25
Q3 FY24
Q3 FY25
Note: B2B has been non-core and opportunistic business segment
Financial Highlights – Q3 FY25 Revenue breakup
Revenue – (Local Currency)
Shop LC (US)
5 years CAGR 3%
(USD million)
62.2
3.6% 64.4
Shop TJC (UK)
5 years CAGR 7%
(GBP million)
24.1
6.5% 25.6
Q3 FY24
Q3 FY25
Q3 FY24
Q3 FY25
36
Retail Performance Trends – Q3 FY25
Sales Volume ('000s)
2.1% 1,737
1,701
TV Sales
Average Selling Price US$
36.7
37.2
Q3 FY24
Q3 FY25
Q3 FY24
Q3 FY25
Digital Sales
Sales Volume ('000s)
1,370
1.2% 1,387
Average Selling Price US$
32.4
29.8
Q3 FY24
Q3 FY25
Q3 FY24
Q3 FY25
Volume and ASP impacted due to increase in demand of lab grown diamonds and high-end jewellery
Financials – Q3 FY25 Performance
Gross Profit (Rs. Cr) and Margin (%)
EBITDA (Rs. Cr) and Margin( %)
Gross Margin (%)
62.4%
555
61.3%
7.9%
599
EBITDA Margin (%)
11.1%
99
11.5%
13.1%
112
Q3 FY24
Q3 FY25
Q3 FY24
Q3 FY25
PAT (Rs. Cr) and PAT Margin (%)
EPS (Rs.)
PAT Margin (%)
5.3%
47
6.5%
35.5%
64
3.9
2.9
Q3 FY24
Q3 FY25
Q3 FY24
Q3 FY25
EBITDA Margin Walk
Particulars
EBITDA Q3 FY24
Remarks
% to revenue
11.1%
Gross margin
1.1% Product mix to match the consumer demand
Digital marketing
1.1% Increased spend in Mindful Souls and Ideal World
Shipping cost
1.6% Cost renegotiation with channel partners
Employee cost
0.8% Operating leverage
Other G&A
EBITDA Q3 FY25
0.2%
11.5%
FINANCIAL
PERFORMANCE Trends
Financial Performance Trends
Revenue Breakdown – (Rs. crore)
5 years CAGR: 11%
1,814
1,986
2,540
2,752
2,691
3,041
2,252
2,530
FY19
FY20
FY21
FY22
FY23
FY24
9M FY24
9M FY25
Fashion Jewelry, Accessories & Lifestyle Products (Rs. Crore)
5 years CAGR: 9%
5 years CAGR: 18%
TV Revenue
1,606
1,699
1,633
1,769
1,285
1,157
1,444
1,316
633
510
Digital Revenue
1145
147
909
986
977
964
840
B2B Revenue
69
81
67
25
127
122
96
FY19
FY20
FY21
FY22
FY23
FY24 9M FY249M FY25
FY19
FY20
FY21
FY22
FY23
FY24
9M FY24
9M FY25
FY19
FY20
FY21
FY22
FY23
FY24
9M FY24
9M FY25
Retail Performance Trends
Sales Volume ('000s)
Average Selling Price US$
TV Sales
6,275
6,070
7,837
6,998
5,331
5,459
4,073
4,489
26.5
29.9
27.7
32.6
38.0
39.1
39.1
38.3
FY19
FY20
FY21
FY22
FY23
FY24
9M FY24
9M FY25
FY19
FY20
FY21
FY22
FY23
FY24
9M FY24
9M FY25
Digital Sales
Sales Volume ('000s)
5,409
5,477
4,428
4,596
4,113
3,522
3,367
3,627
Average Selling Price US$
20.7
21.7
22.7
27.4
24.2
30.1
30.2
31.6
FY19
FY20
FY21
FY22
FY23
FY24
9M FY24
9M FY25
FY19
FY20
FY21
FY22
FY23
FY24
9M FY24
9M FY25
Financials – Financial Performance
Shareholders’ Equity (Rs. Cr)
Fixed assets including intangibles (Rs. Cr)
1,203
1,258
1,332
1,127
964
622
602
494
511
697
751
163
192
117
FY19
FY20
FY21
FY22
FY23
FY24
9M FY25
FY19
FY20
FY21
FY22
FY23
FY24
9M FY25
Net Debt* (Rs. Cr)
Net Assets^ (Rs. Cr)
FY19
FY20
FY21
FY22
FY23
FY24
9M FY25
(181)
(194)
(103)
(106)
(178)
(167)
399
394
395
540
525
469
624
(387)
FY19
FY20
FY21
FY22
FY23
FY24
9M FY25
* includes funds lying with payment gateways, which are typically cleared within 3 business days
^ Net Assets is balancing figure arrived at by excluding shareholders equity, net debt, and fixed assets including intangibles
Financial Performance – Trends & Ratios
Operating Cash flow (Rs. Cr)
Free Cash Flow (Rs. Cr)
324
270
203
211
126
86
78
268
230
181
176
90
54
(214)
FY19
FY20
FY21
FY22
FY23
FY24
9M FY25
FY19
FY20
FY21
FY22
FY23
FY24
9M FY25
ROE (TTM)
32%
25%
26%
23%
ROCE (TTM)
61%
46%
37%
31%
9%
10%
11%
14%
19%
18%
FY19
FY20
FY21
FY22
FY23
FY24
9M FY25
FY19
FY20
FY21
FY22
FY23
FY24
9M FY25
44
ANNEXURES
Digital Commerce Markets
US Improving consumer sentiments coupled with a strong festive season driving the growth
11.0%
UK Gradual momentum is evident, amidst cautious consumer behaviour
Industry Trends
US
14.0% 14.6% 14.5% 15.4% 16.0%
27.8%
19.1%
UK
30.9%
26.5% 26.6% 27.1%
2019 2020 2021 2022 2023 9M'24
2019
2020
2021
2022
2023
2024
Online sales mix trend (as a % to total retail sales)
Source: United States Census Bureau www.census.gov. And Office for National Statistics www.ons.gov.uk
Sustainability Initiatives
ENERGY Solar 3.23 mw Solar power capacity Generated 18.9 Mn kWh units since inception
EV 184 two-wheelers & 4 four-wheelers for employees’ commute. Replaced 12 buses till date
BMS Installed Building Management System to enhance productivity at manufacturing locations
WATER 1,100 KL
3 Rainwater Storage Tanks
6,100 KL
Annual Rainwater Harvesting Capacity
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
WASTE 100%
Conversion of bio-degradable waste into manure
2,800 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 97 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 ~69k meals every school day
▪ To serve 1 million meals per day by FY40
Robust Corporate Governance
9M FY25
~Rs. 75 crores
39% Dividend Payout (3rd interim dividend for FY24-25)
Dividend Payout Policy
▪ 20-30% of consolidated free cash flows ▪ Balance between resource conservation and shareholder reward
B S R & Co. LLP Statutory Auditors PWC Internal Auditors
Credit Rating Long-term ICRA A
(Positive Outlook)
CARE A+*
(Stable)
(*upgraded from erstwhile rating of ‘CARE A’)
Credit Rating Short-term ICRA A1 CARE A1
Awards & Accolades
INDIA RISK MANAGEMENT AWARD from ICICI Lombard & CNBC-TV18
LEED’S PLATINUM & GOLD CERTIFICATION
IGJA: HIGHEST EXPORTER OF CUT & POLISHED COLOURED GEMSTONES (FY24)
ICSI NATIONAL AWARD for Excellence in Corporate Governance
India, US, UK & China GPTW® Certified
‘NET ZERO ENERGY BUILDING’ CERTIFIED
EXCELLENCE IN SUSTAINABILITY by Indo-American Chamber of Commerce (IACC)
Shareholding Pattern as on 31st December 2024
Key Shareholders
Holding (in %)
Shareholding Pattern
Nalanda India Fund Limited
Malabar India Fund Limited
Vijay Kedia
Vanguard
Government Pension Fund Global
7.6%
6.8%
2.0%
1.3%
0.3%
21.55%
2.03%
18.37%
0.75%
Promoter & Promoter Group
Foreign Institutions (FPI, FII) & NRI
Domestic Instititions (MF)
57.30%
Individuals ->1%
Others
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
Investor Relations Advisors Adfactors PR Pvt. Ltd. Amit Sharma Amit.Sharma@adfactorspr.com Disha Shah Disha.shah@adfactorspr.com
www.adfactorspr.com