Earnings Call for Q3FY22 of Vaibhav Global
Conference Call with Vaibhav Global Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.30-01-2022
30-01-2022
Vaibhav Global Ltd - 532156 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Publication - Notice of Record Date for the purpose of 3rd Interim Dividend29-01-2022
Vaibhav Global Ltd - 532156 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Publication - Un-audited Financial Results for the quarter and nine months ended 31st December, 202129-01-2022
Q3FY22 Quarterly Result Announced for Vaibhav Global Ltd.
Retailing company Vaibhav Global declares Q3FY22 result: Creating Growth Opportunities Amidst Temporary Headwinds Declared interim dividend of Rs. 1.50 per share Q3 and 9M revenue grew by 3.5% and 10.3% YoY respectively. Compared to same periods of FY20, revenue in Q3 and 9M grew strongly by 33.2% and 38.9% respectively. Continued surge in in-person shopping induced by revenge outing along with omicron led uncertainties during later part of the quarter resulted in softer revenue growth. Besides these are on a very high growth of last year. Being temporary trends, we are confident of our business drivers with robust growth outlook in the medium to long run Digital revenue mix continuously increasing, now at 36% of total retail revenue Industry leading gross margins at 60.4% and 63.0% for Q3 and 9M respectively EBITDA margin in Q3 FY22, excluding Germany, was at 13.2% vs 17.4% in Q3 FY21. Margin momentarily impacted by elevated sea freight and planned investments on digital platforms PAT for Q3 and 9M was Rs. 69 crores and Rs. 210 crores respectively vis-à-vis Rs. 92 crores and Rs. 216 crores for same period last year ROCE at 38% and ROE at 26% (on TTM basis), return ratios reflecting short-term impacts of conscious business investments but are still at very healthy levels and at par with normal precovid years Declared interim dividend of Rs 1.50 per share (face value Rs 2 each) making cumulative interim dividend of Rs. 4.50 per share for FY22 Commenting on the performance for Q3 FY22 Mr. Sunil Agrawal, Managing Director, Vaibhav Global Limited said Revenue in Q3 grew by 3.5% YoY albeit on a higher base and strongly by 33.2% over Q3FY20. Our 9M revenue grew by 10.3% YoY and by 38.9% over 9MFY20. Post Q1, consumers went for revenge outings and vacations thus impacting demand. This phenomenon continued in Q3 leading to muted revenue growth across digital retail industry. Festive demand was encouraging, however demand tapered in later part of Q3, owing to omicron uncertainties. Gross margins have seen slight contraction mainly due to product mix, elevated shipping costs and demand-supply mismatch at product level owing to longer transit times. During the quarter, investments on new OTA homes, Digital Marketing, Market Places Marketing and OTT marketing continued. These investments are intended to support our growth ambitions for coming years. In USA, our revenue and unique customer counts on OTT have tripled YoY implying a clear opportunity in this market for us. Retail is rapidly moving digital. Hence, we recently finished upgrading our Tech Infrastructure on Salesforce Commerce Cloud. Our recent expansion in high potential German market is faring well and offers tremendous growth prospects on TV, Digital and marketplace platforms. There have been certain earlier than planned airtime tie-ups resulting in higher than planned upfront investments. However, we may now be breakeven by third quarter of FY24 in Germany, which is approx. one year earlier than projected. We believe in seeding investments for long-term growth. Recently, TJC UK announced Freeview Channel change to #22 from erstwhile Freeview Channel #50. The investment is expected to enhance the viewership of TJC’s proprietary TV channel substantially with corresponding increase in its market share, thus providing long-term growth opportunities. Similarly, Shop LC (USA) has decided to move its headquarters to an owned premise whose construction is expected to complete by Sep-2024. This move is expected to bring operational synergies and substantial savings in future. We have also acquired 60% stake in Encase Packaging Pvt Ltd., a packaging company. The acquisition will further consolidate our existing integrated supply chain and give substantial saving in packaging costs. We perceive that these investments might impact return ratios in the short-term, but it provides huge growth opportunities for the future. Result PDF28-01-2022
Vaibhav Global Ltd - 532156 - Board declares Third Interim Dividend
Vaibhav Global Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 27, 2022, inter alia, has considered and approved the following:- 3rd Interim Dividend of Rs. 1.50/- per Equity Share (on the face value of Rs. 2/- per Equity Share) for the financial year 2021-22.28-01-2022
Vaibhav Global Ltd - 532156 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find enclosed press release titled 'Vaibhav Global Limited Q3 & 9M FY22 Financial Results' Kindly take the same on record.28-01-2022
Vaibhav Global Ltd - 532156 - Announcement under Regulation 30 (LODR)-Investor Presentation
Pursuant to regulation 30(6) of the SEBI (LODR) Regulations, 2015 please find enclosed Financial Results Presentation of Q3 & 9M FY 2022. Kindly take the same on record.28-01-2022
Vaibhav Global Ltd - 532156 - Board Meeting Outcome for Outcome Board Meeting - 27Th January, 2022
Outcome Board Meeting - 27th January, 202227-01-2022
Vaibhav Global Ltd - 532156 - Un-Audited Financial Results For The Quarter / Nine Months Ended 31St December, 2021
Pursuant to regulation 33 of the SEBI (LODR) Regulations, 2015, please find enclosed Un-audited Financial Results (Consolidated & Standalone) as per Indian Accounting Standards (lnd AS) along with Limited Review Report thereon for the quarter / nine months ended 31st December, 2021. Kindly take the same on record.27-01-2022
Vaibhav Global Ltd - 532156 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
With reference to captioned subject, please be informed that the Company has allotted 65,664 Equity Shares of Rs. 2/- each on 27th January, 2022 to "Vaibhav Global Employee Stock Option Welfare Trust" under VGL Employee Stock Option Plan (As Amended) - 2006. Consequent to the said allotment, the paid up Equity Share Capital of the Company has increased to Rs. 32,78,98,182 consisting of 16,39,49,091 Equity Shares of Rs. 2/- each. Kindly take the same on record.27-01-2022