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Akshay Rajawat    


Surat, India

I am CA student and along side perusing the CFA (U.S.). I have a 6 month experience in Equity Research where i have done my internship programme in the same. I am keen to write an articles on Equity.

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Contributor since: 2022

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VAIBHAVGBL

Comments: 0 | Likes: 0 | Current Price: ₹ 289.45


Q3FY23 Earnings Highlights of Vaibhav Global Limited

A Q3FY23 Result Analysis


Performance Highlights

Business Highlights

Revival in sales trend reversed lately due to

  • Muted consumer sentiments in both US & UK
  • Cost of living crisis & political instability in UK
  • Disruption in the delivery market in UK
  • Cyber attack

Improved EBITDA margin on account of

  • Cost optimisation
  • Narrowing losses in Germany

UK: Freeview Channel Upgradation Yielding Positive Outcomes

  • TJC (UK) upgraded channel position to 22nd from erstwhile 50th position in Jan-22
  • Investment now yielding positive results in terms of new customer acquisition on TV
  • Expect market leading growth in long run

An update on Germany

Germany venture increase in TAM (immediate addressable market) by ~20%

  • Now clocking monthly revenue of Euro 1.4mn+ at 60%+ gross margins
  • Omni-channel presence (digital is now 31%)
  • Covering 27mn HH, dispatching 3.5k+ pieces/day
  • Started ‘Live & Interactive TV’
  • Positive Customer Orientation: CSAT 96% +; NPS 57

Financial Performance Trend

Retail Performance Trend

Operating Highlights

Healthy Balance Sheet

Huge Opportunity in the Sector

E-tailing in markets with huge potential of ~USD 20 bn*

25 years of Listing with top decile shareholders’ returns

Growing Consistently

  • 24.4% CAGR in Market Capitalization since IPO (277 times*), excluding dividend

 

 

 

Disclosure:

I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Business relationship disclosure:

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Stocx Research Club). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure:

Disclaimer - Not an recommendation. Source - Company's investor presentation and Conference call

Disclosure legality:

I am not a SEBI Registered individual/entity and the above research article is only for educational purpose and is never intended as trading/investment advice.

Articles

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Sheela Foam Ltd, formerly Sheela Foam Private Ltd, manufactures mattresses underneath the Sleepwell logo. The Company manufactures other foam-based home comfort products focusing primarily on Indian retail consumers, in addition to technical grades of ...

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Equity Research: Sai Silks Kalamandir Ltd.

SSKL’s growth resilience and product affinity can be seen in its near-complete top-line recovery from the slowdown with improving CAGR.

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Updated : Dec, 2023

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MagSon Retail & Distribution, founded in 2018, specializes in gourmet, frozen, and specialty foods in India. Pioneering frozen food retail in 2009, it now operates 26 stores, an e-commerce platform, and its brand RF Gourmet. Despite a vegetarian market...

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DMart is owned and operated by Avenue Supermarts Ltd., which was founded by Radhakishan Damani. Radhakishan Damani is a prominent Indian entrepreneur and investor.DMart primarily operates as a chain of hypermarkets and supermarkets. These stores offer ...

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Sakar Healthcare Ltd is engaged in manufacturing of pharmaceutical formulations in the form of liquid injectables, tablets/ capsules, oral liquid syrups, dry powder injectables and syrups. Presently, its domestic sales accounts for 31% of revenues and ...

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Updated : Jun, 2022

EQUITY RESEARCH REPORT: NEWGEN SOFTWARE

Newgen Software Technologies is a global software Company and is engaged in the business of software product development including designing and delivering end-to-end software solutions covering the entire spectrum of software services from workflow au...

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Equity Research Report: Shree Renuka Sugar

Shree Renuka Sugars is a global agribusiness and bio-energy corporation. The Company is one of the largest sugar producers in the world, the leading manufacturer of sugar in India, and one of the largest sugar refineries in the world.

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Equity Research : Tata Consumer Products Limited

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Updated : Jul, 2022

Equity Research: Birlasoft Ltd

Birlasoft, a small-cap IT company, has an upside potential of 35%. The company’s repeated demonstration of ‘walking the talk’ makes us believe that it is on track to achieve its stated target of USD1bn revenue by FY25E.

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