Vaibhav Global Ltd. (VGL) is a vertically integrated fashion retailer offering rings, bracelets, bangles, earrings, watches, scarves, handbags, and home decor products. It was established in 1989 with its headquarters in Jaipur. As of 2022, it is present in more than 30 countries. During FY 2021-2022, the company’s total revenue was Rs 2,774.27 crore, up 8.46% from Rs 2,557.77 crore in the previous financial year. The profit after tax was Rs 237.71 crore. On 12 August 2022, the company’s market capitalisation stood at Rs 5,066 crore.
The company was publicly listed from 1996-1997. Its Bombay Stock Exchange listing code is 532156, and the National Stock Exchange listing code is VAIBHAVGBL.
Vaibhav Global Ltd. has a multi-channel presence comprising mobile apps, e-commerce websites, 24/7 proprietary TV home-shopping channels, social media platforms, OTT platforms, smart TV, third-party marketplaces, influencer marketing, and other digitally integrated platforms. The companies it manages are Shop LC, USA, TJC, Shop LC, Germany, and STS.
On 30 June 2022, VGL’s shareholding pattern indicated a 57.96% promoter stake, 10.71% foreign institutional investor stake, 18.38% domestic institutional investor stake, and 12.77% public stake. Brett Enterprises Pvt. Ltd. was the leading promoter with a 55.76% share. Mutual funds decreased holdings from 6.80% to 6.79% during this quarter.
Mr Harsh Bahadur is the company’s chairman. Mr Sunil Agrawal is the managing director. Mr Agrawal was recognised as one of India’s Best Leaders in Times of Crisis 2021 by Great Places to Work. The other directors include Mr Pulak Chandan Prasad, Mr Nirmal Kumar Bardiya, Mr Santiago Roces, Mr James Patrick Clarke, Ms Stephanie Renee Spong, Mr Sanjeev Agrawal, Ms Sheela Agarwal, Mr Santiago Roces, and Mr Sunil Goyal.
On 12 August 2022, Vaibhav Global Ltd.’s share price closed at Rs 307.40 on BSE. The company’s share price on NSE closed at Rs 307.90. The 52-week high for Vaibhav Global Ltd.’s share price was Rs 805, and the 52-week low for Vaibhav Global Ltd.’s share price was Rs 287.90.
The company’s peers include Titan Company, Rajesh Exports, Kalyan Jewellers, and PC Jewellers.
As of July 2022, Motilal Oswal Flexi Cap Fund had a 3.56% stake in Vaibhav Global Ltd. Nippon India Nifty Smallcap 250 Index Fund had a 0.20% stake. In total, three mutual fund schemes have stakes in the company.
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