Vaibhav Global Q1FY15 Conference Call Transcript

Good morning and I welcome everyone to Vaibhav Global’s Q1 FY15 results conference call. I will quickly provide an overview of the first quarter and then Hemant will discuss some key financial performance parameters for the quarter. As most of you know, the Vaibhav global is an electronic retailer of Fashion and Lifestyle product in US, UK and Canada markets sold on our proprietary TV shopping and web platforms with direct access to over 100 million TV households. We deliver a deep valley proposition to discount seeking customers. Q1 witnessed moderation in revenue and volume growth on TV platforms while web platform continue to grow rapidly.

Operational performance was influenced by some teething issues during the transition to an outsource call center and also due to inventory compression in previous quarter.

We have successfully overcome most of these issues and are confident of maintaining our growth trajectory during the course of the year. Recently we have undertaken several initiatives; like enhancing our manufacturing and sourcing capabilities, expanding our US facility and moving to a new indicative state of the art facility in UK. We also expanded our management team with multiple senior level appointments and recently implemented and upgraded SAP based ERP platform for improved customer experience.

Vaibhav_Global_Q1(APR-July 15)