Vaibhav Global “Catch it young!” Research Report By Axis Capital

Competition insignificant, unlikely to emerge strong: Vaibhav Global’s niche is in retailing fashion jewelry products at low price points, a segment not targeted by other well-established international TV shopping players such as QVC and HSN (who sell only branded fine jewelry at average price points of USD 100+). Also, VGL’s extensive experience in jewelry manufacturing (Jaipur, India) and sourcing (from micro markets in China, Thailand and Indonesia) enables it to sell quality products at low price points – a key advantage which is tough to be replicated. Hence, we believe it will be difficult for a challenger to beat VGL in its own game.

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