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Disclaimer This presentation contains “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Vaibhav Global Limited (VGL) and its group companies’ future business developments and economic performance. While these forward-looking statements indicate our assessment and future expectations concerning the development of our business, a number of risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro‐economic, government and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance. Vaibhav Global Limited undertakes no obligation to periodically revise any forward-looking statements to reflect future/likely events or circumstances.
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Table of Contents VGL – At a Glance 4 Financial & Operational Update 12 Structural Growth Drivers 18 Key Strengths 27 Growth Strategy 32
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VGL – At a Glance 01 4
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5 A Vertically Integrated Global Consumer Company with End-to-End Capabilities Across Manufacturing, Distribution, brand ownership and omnichannel retail capabilities to serve customers across jewellery, accessories and lifestyle categories in leading international markets VGL : An Omnichannel Consumer Company with Global Scale Integrated Business Model • Owned Manufacturing Infrastructure • Owned Distribution Network • Portfolio of Owned Brands (~50%) Omnichannel Customer Reach • Digital & E-commerce Platforms • Television Commerce • OTT & Social Commerce Channels Product Portfolio • Jewellery • Lifestyle Products • Fashion Accessories Global Market Presence • Strong Presence in USA and UK • Operations Across Multiple Global Markets • Established Niche in Global Retail Differentiated Growth Platform • End-to-End Control Across the Value Chain • Consumer-Centric Omnichannel Approach • Scalable Global Retail Ecosystem
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6 From a first-generation gemstone trading business to a listed, vertically integrated global business 1980s–89 Foundation & Gemstone Trading ▪ Established as a gemstone sourcing & trading business serving international markets ▪ Incorporated in 1989, laying the foundation for a global growth journey 1996–97 Backward Integration into Manufacturing ▪ Entered jewellery manufacturing with establishment of a dedicated facility in Jaipur ▪ Successfully listed, raising growth capital & enhancing market credibility 2003–2008 Retail & International Expansion ▪ Expanded into B2C retail through TV shopping platforms across US, UK and other markets ▪ Navigated global financial crisis through strategic portfolio repositioning with focus on value-led offerings 2010–2012 Balance Sheet Transformation ▪ Undertook Corporate Debt Restructuring (CDR) in 2010 ▪ Completed full repayment of obligations significantly ahead of schedule, demonstrating financial resilience & disciplined execution 2013–2021 Lifestyle Platform Development ▪ Diversified beyond jewellery into lifestyle products ▪ Strengthened D2C capabilities via owned digital channels & customer engagement initiatives. ▪ Re-entered German market in 2021, expanding international reach 2023–2026 Digital & Platform-Led Growth ▪ Acquired Ideal World & Mindful Souls, strengthening platform capabilities & category expansion ▪ Increased share of digital revenues to ~45% through accelerated omnichannel adoption ▪ Enhanced scalability via AI-led planning tools and migration to a modern commerce technology stack From Gemstone Trading to Integrated Consumer Ecosystem 6
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7 • ~14,000–15,000 new jewellery designs launched annually, with 30,000 SKUs available at any given time • In-house testing lab and manufacturing • Covers 7 different metals (Silver, Gold, Platinum, Steel, Brass, Copper, Bronze) • Casted, Handmade, Diamond Cut & Beads Jewellery Fashion Jewellery & Gemstones • A rich product basket of ~5,000 unique SKUs • Facilitated by innovation & a global sourcing base Life-Style Products A well-balanced mix of Jewellery and Lifestyle products ~100 new products introduced daily, ensuring constant freshness and relevance Our Companies A Multi-Category Consumer Portfolio: Expanding Beyond Jewellery www.shoplc.com www.tjc.co.uk , www.idealworld.tv, www.rachelgalley.com www.shoplc.de www.mindfulsouls.com www.stsjewels.com TJC, Ideal World & Rachel Galley
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8 Digital Transformation Driving Long-Term Value Creation Q2 & H1 FY27 Management Commentary Mr. Sunil Agarwal, Managing Director, Vaibhav Global Limited said, "Q2 FY27 was an important transition quarter as we completed the migration of our retail websites to Shopify Enterprise. During the stabilisation phase, temporary integration-related issues affected digital conversion and revenue. Despite these challenges, consolidated revenue grew 7.0% year-on-year to ₹938.4 crore, while EBITDA stood at ₹76.2 crore, with a margin of 8.1%. With the migration substantially behind us, we now have a unified and scalable platform across brands and geographies. Our focus is on restoring digital momentum, improving customer acquisition and driving stronger operating leverage as we enter our seasonally important second half. Supported by European constant-currency growth, strong B2B performance and continued progress across proprietary brands, we remain confident in the business’s medium-term growth potential.“
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9 H1 FY27 Performance Update INR 1,855.4 Crores Revenue from Operations 9.7% YoY INR 765.2 Crores Digital Revenue 14.7% YoY INR 984.1 Crores TV Revenue 5.9% YoY INR 178.3 Crores EBITDA 9.6% YoY INR 98.1 Crores PAT 15.2%YoY Margin at 9.6% Margin at 5.3% 9 Broad-based H1 growth, with digital revenue increasing 14.7% and EBITDA and PAT growing broadly in line with revenue. 9 Note: -- In Q1FY27 we had tariff refund of Rs. 25.6 crore in revenue from operations -- In Q2FY27 we availed foreign tax credit to the tune Rs.4.34 crore
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10 Q2 FY27 Performance Update Shop LC Named Among USA TODAY’s Most Trusted Brands of 2026” Vaibhav Global Limited Achieves ‘Responsible Jewellery Council (RJC)’ Certification VGL certified Great Place to Work®across the globe INR 938.4 Crores Revenue from Operations 7.0% YoY INR 367.5 Crores Digital Revenue 9.1% YoY INR 500.2 Crores TV Revenue 2.7% YoY INR 76.2 Crores EBITDA 13.5% YoY INR 41.7 Crores PAT YoY Margin at 8.1% Margin at 4.4% 10 Numbers are rounded off to nearest figure 12.3% Gross margin expanded to 65.5% which grew by 196 bps YoY, demonstrating continued strength in product economics. Revenue growth and gross-margin expansion were offset by temporary platform-related deleverage and continued investment in digital customer acquisition. Note: In Q2FY27 we availed foreign tax credit to the tune Rs. 4.34 crore
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11 10.0 2.0 0.1 -2.0 -1.0 -0.7 -0.3 8.1 Q2 FY26 Gross Margin (Brand mix) Employee Cost (Tech leverage) Digital Marketing Shipping (Freight/mix) SGA Other Income Q2 FY27 Higher contribution of In-House brands, Better realisation and cost efficiencies Increased usage of Technology, Improved efficiency & operating leverage Increase in spend in digital to further inroads in respective locations Higher freight and fulfilment costs due to increased in volume EBITDA Margin Walk Impact due to foreign exchange gain of last year Gross margin expansion and technology-led efficiencies partly offset higher investments in digital marketing and elevated freight costs Due to operating deleverage
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Financial & Operational Update 02 12
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13 Q2 FY27 Performance Update Consolidated Performance 877 917 938 Q2 FY26 Q1 FY27 Q2 FY27 Revenue from Operations (INR Cr.) EBITDA (INR Cr.) & EBITDA Margin (%) PAT (INR Cr.) & PAT Margin (%) 88 102 76 Q2 FY26 Q1 FY27 Q2 FY27 48 56 42 Q2 FY26 Q1 FY27 Q2 FY27 10.0% 11.1% 8.1% 5.4% 6.1% 4.4% Numbers are rounded off to nearest figure 7.0% YoY
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14 Revenue split (Rs. Cr) TV Revenue Digital Revenue TV Sales Volume ('000s)Sales Volume ('000s) Average Selling Price US$ Average Selling Price US$ Digital Q2 FY27 Segmental Highlights 1,518.0 1,373.0 1,546.0 Q2 FY26 Q1 FY27 Q2 FY27 36.6 37.1 33.9 Q2 FY26 Q1 FY27 Q2 FY27 1,104.0 1,131.0 1,122.0 Q2 FY26 Q1 FY27 Q2 FY27 34.7 37.0 34.3 Q2 FY26 Q1 FY27 Q2 FY27 487.0 484.0 500.2 Q2 FY26 Q1 FY27 Q2 FY27 337.0 398.0 367.5 Q2 FY26 Q1 FY27 Q2 FY27
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15 Revenue Mix Overview TV revenues Digital revenues B2C Revenues by Format 57% 55% 58% 43% 45% 42% Q2FY26 Q1FY27 Q2FY27 US UK Europe B2C Revenues by Geography 58% 60% 58% 31% 28% 29% 11% 12% 13% Q2FY26 Q1FY27 Q2FY27 Budget Pay revenues Non-Budget Pay revenues Budget Pay (% to B2C Revenues) 62% 64% 65% 38% 36% 35% Q2FY26 Q1FY27 Q2FY27 B2C Revenues by Product 64% 60% 60% 36% 40% 40% Q2FY26 Q1FY27 Q2FY27 Budget Pay revenues refer to products sold on EMI basis Jewellery Lifestyle Products
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16 Profit & Loss Summary Particulars (INR crores unless stated) FY24 FY25 FY26 H1 FY27 Revenue from Operations 3,041 3,380 3,692 1,855 EBITDA 295 317 399 178 EBITDA % 9.7% 9.4% 10.8% 9.6% Finance Cost 12 15 15 9 Depreciation & Amortisation 93 102 103 54 PBT 182 200 282 115 Tax Expense 55 47 16 17 PAT 127 153 266 98 PAT % 4.1% 4.5% 7.2% 5.3% EPS (basic) 7.7 9.2 16.0 5.9 Note: -- In Q1FY27 we had tariff refund of Rs. 25.6 crore in revenue from operations -- In Q2FY27 we availed foreign tax credit to the tune Rs.4.34 crore
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17 Balance Sheet Summary Particulars (INR crores unless stated) FY24 FY25 FY26 H1 FY27 Assets Fixed Assets Non-current assets 621.9 576.5 724.5 746.1 Financial assets 8.3 15.5 12.3 12.5 Other Non-Current Assets 40.0 59.2 122.1 139.7 Total Fixed Assets 670.2 651.2 858.8 898.3 Current Assets Inventories 596.2 700.8 811.3 933.8 Financial assets 549.8 613.4 781.5 690.3 Other current assets 72.8 74.6 95.6 103.4 Total Current Assets 1,218.8 1,388.8 1,688.4 1,727.5 Total Assets 1,889.0 2,040.0 2,547.3 2,625.8 Equity & liabilities Total equity 1,258.2 1,350.0 1,647.9 1,712.8 Non-Current Liabilities Lease liabilities 89.3 87.9 272.9 263.1 Other Non-Current Liabilities 17.6 16.7 13.6 12.3 Total non-current liabilities 106.9 104.6 286.5 275.4 Current Liabilities Financial liabilities 376.7 456.9 482.1 501.8 Other Current Liabilities 147.1 128.5 130.7 135.8 Total Current liabilities 523.9 585.4 612.8 637.6 Total Equity & Liabilities 1,365.1 2,040.0 2,547.3 2,625.8
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Structural Growth Drivers 03 18
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19 Vaibhav Global LTD Growth Drivers Driving Long-Term Value Creation Diversified Global Footprint Strengthening Brand Equity Vertical Integration Higher gross margin End-to-end control Profitable presence across US, UK & Europe Brand-led portfolio enhancing margins, loyalty and pricing control Capital Discipline 22% ROCE and ₹ 186 Cr net cash position AI-Enabled Commerce Digital-First Omnichannel Growth Platform Digital share targeted 50%+ supported by live commerce Multiple Commerce Channels 127mn+ household reach across channels Direct customer engagement at scale Proprietary first-party data enabling AI-led merchandising, forecasting & customer retention High-Engagement Customer Ecosystem High-engagement ecosystem driving customer lifetime value 19 19 As on Q2FY27
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20 20 Vertical Integration Driving Superior Gross Margins ~40% ~60% Typical importer / retailer VGL (vertically integrated) Gross Margin: VGL vs. Typical Importer (%) Manufacturing Scale and Design Agility for Western Markets Design & Manufacture Owned Brands Customer Data Owned Distribution 1,69,000 sq.ft. Jaipur factory (Jewellery - Fully integrated) 4 units Manufacturing units across India, China, USA Mumbai Diamond sourcing facility 30+ Global sourcing countries ₹42.4 Cr Mfg/Sourcing EBITDA, +18.5% YoY ~100 New products added daily 14–15K New jewellery designs per year ~5 mn pieces Annual production capacity 2,000+ Highly skilled workers (Jewellery) 1,000+ Highly skilled workers (Jaipur) 250+ Highly skilled workers (Gemstone) 130+ Highly skilled designers As on Q2FY27
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21 Making in India for‘WesternMarkets’ Diversified Global Footprint Across Manufacturing, Retail and Sourcing India In-House Manufacturing ‘A Global Jewellery Hub’ Strong Global Sourcing Base Availability of skilled manpower in India 30+
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22 Strong Global Revenue Mix with Improving Profitability (Local Currency) Note: Quarterly performance was temporarily impacted by the migration of the eCommerce websites from Salesforce Commerce Cloud to Shopify Enterprise. During the stabilization phase, changes to site functionality, search visibility, customer log-ins and platform integrations affected traffic and conversion USA · Anchor UK · Accelerating Revenue $52.4 Mn Europe · Inflection EBITDA $3.0 MnQ2 FY27 4.1% YoY Revenue GBP 20.1 Mn EBITDA GBP 0.6 Mn Revenue $108.1 Mn EBITDA $9.1 MnH1 FY27 Revenue GBP 39.6 Mn EBITDA GBP 1.5 Mn Revenue Euro 10.0 Mn EBITDA Euro (0.2) Mn 7.9% YoY Revenue Euro 19.4 Mn EBITDA Euro (0.1) Mn 7.0% YoY 15.1% 7.0% YoY 69.9% 0.3% YoY 13.5% 4.0% YoY 49.3%
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23 USA · Anchor UK · Accelerating Q2 FY27 Revenue Mix USA 58% UK 29% Europe 13% Revenue ₹2,058 Cr Largest market 63mn households reached YoY Revenue +4.3% in Q2FY27 Q2FY27 Revenue grew 2.3% YoY, driven by increasing traction in Ideal world business Europe · Inflection Q2FY27 Grew by 18.3% YoY, the seasonal nature of the business & evolving buying patterns, margins are expected to strengthen meaningfully over the year Macro Resilience: Limited Gold & Currency Exposure Strong Global Revenue Mix with Improving Profitability (INR) Low gold inventory held Production is order-basis, gold price impact is minimal Product mix Gemstone, diamond, lab-grown stone and silver led (not metal-heavy) Price range $5–$1,000 across ~40,000 SKUs, spreading demand risk across price points EBITDA ₹194 Cr Revenue ₹ 500 Cr EBITDA ₹ 29 Cr FY26 Q2 FY27 Revenue ₹1,032 Cr EBITDA ₹77 Cr Revenue ₹ 257 Cr EBITDA ₹ 7Cr FY26 Q2 FY27 Revenue ₹404 Cr EBITDA ₹7 Cr Revenue ₹ 110 Cr EBITDA ₹(2) Cr FY26 Q2 FY27 Numbers are rounded off to nearest figure
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24 57% of B2C revenue from own brands (Q2FY27) 26.3% 29.8% 48.8% 57.0% FY24 FY25 FY26 Q2FY27 In-House Brand Revenue Contribution (%) Higher gross margin per unit Brand owner captures margin the licensor previously took Customer loyalty Brand equity accrues to VGL, not to a third-party licensor Pricing control VGL sets both cost and price; no licensor minimum pricing constraints. Overall Sales Bifurcation 70% 67% 65% 60% 30% 33% 35% 40% FY24 FY25 FY26 H1FY27 Lifestyle ProductsJewellery Achieved 57% of gross B2C sales from in-house brands in Jul – Sep quarter Achieved the Target of ~50% of gross B2C sales, a year in advance than anticipated Strategic brand matrix focused on price laddering and customer offering Enhancing repeat purchases and retention through Brand Archetype Frameworks Strengthening Brand Equity
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25 OTA Broadcast OTT (Roku, Google TV) Linear TV 127mn HH Social Retail (YouTube, Insta) Owned Websites & Mobile Apps AI is compounding the data advantage AI-driven product-scheduling tool (in beta last year) now in production — improving viewer engagement and airtime productivity on live TV Recent AI-assisted Shopify migration completed in ~6 months at roughly one-third of the earlier website re-platforming cost Generative AI scales ad creatives, product descriptions and website content for SEO and digital visibility AI also spans demand forecasting, inventory planning, on-air product planning and personalised customer engagement 687K unique customer records 3.6 lakh new registrations (TTM) 23 purchases/customer/year AI-Enabled Commerce powered by First-Party Data VGL owns the data Every transaction on every surface creates a first-party record 687K unique customer records owned
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26 4 R’s 127mn+ HH Reach 3.6 Lakh Registration & Acquisition Expanding the basket: new engagement formats DIY jewellery kits — assemble-your-own beads and garland kits Wellness & supplements — riding rising US demand around popular weight- management drug categories; currently third-party sourced, own-label potential once the category scales Rising Auction — customers bid on tail inventory clearing aged SKUs while deepening engagement 40–50 Core customer age band across US, UK, Germany 23 Average Repeat pieces purchased per customer per year 38% Retention Target Customers: Baby Boomers & Gen X Differentiated Customer Proposition Wide Product Selection ~30,000 SKUs Value-Positioning $30-$45 Proprietary ‘TV Channels’ Vertically integrated sourcing, merchandising & fulfilment Direct customer reach and high repeat behavior A High-Engagement Customer Ecosystem 26
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Key Strengths 04 27
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28 A business that has absorbed five major model transitions and external shocks, turned into a profitable engine ✓ Multiple business-model transitions absorbed Gemstones → Jewellery manufacturing → lifestyle products → retail → digital platform. Each transition changed the revenue model, not just the product Exited CDR early, by choice Entered Corporate Debt Restructuring in 2010 with repayment due by 2020; the obligation was fully repaid by 2012— years ahead of schedule ✓ 20% CAGR in market cap since listing From ~₹8 Cr listing raise in 1997 to a ~₹3,075 Cr market cap and ~₹3,692 Cr revenue, debt-free platform today (excl. dividends, which add further to total shareholder return) ✓ Germany: first full year of positive EBITDA Margin compressed from 14–15% to ~7% after 2022's shift back to brick-and- mortar, then recovered to deliver its first full year of positive EBITDA in FY26 ✓ Innovation converts directly to revenue 78,000+ ideas generated, 1,821+ new products launched, 3 design patents secured (incl. the USPTO-granted Arthritis Ring) — innovation contributes ~7% of Group revenue ✓ Growth culture retained through the hard years Most long-tenured employees stayed through loss-making periods on the strength of internal trust — reinforced today by giving teams real ownership ✓ Resilience Through Cycles 28
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29 Selective third-party additions Close-up deals in categories such as collagen supplements, eyewear & select licensed lifestyle labels as additions 16 brands across categories and markets A Portfolio of Scalable Consumer Brands 29
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30 Revenue breakup based on figures in USD mn Voice of Customer as a Strategic Asset Voice of Customer Portal TV revenues Digital revenues B2C Revenues by Format 67% 59% 56% 56% 33% 41% 44% 44% FY20 FY25 FY26 H1FY27 US UK Europe B2C Revenues by Geography 69% 59% 59% 59% 31% 29% 30% 29% 12% 11% 12% FY20 FY25 FY26 H1FY27 Unique Customer Base (in 000') 497 461 585 710 681 687 FY22 FY23 FY24 FY25 FY26 H1FY27 Budget Pay revenues Non-Budget Pay revenues Budget Pay (% to B2C Revenues) 61% 61% 62% 65% 39% 39% 38% 35% FY20 FY25 FY26 H1FY27 B2C Revenues by Product Lifestyle ProductsFashion Jewellery 78% 67% 65% 60% 22% 33% 35% 40% FY20 FY25 FY26 H1FY27 Budget Pay revenues refer to products sold on EMI basis Unified Customer Feedback Hub Consolidates customer inputs from emails, messages, social media platforms, and product returns. AI-Powered Issue Resolution AI-driven sentiment analysis to categorize feedback and route complaints. Real-Time VOC Dashboard Live monitoring platform that flags negative sentiment cases for timely intervention. Closed-Loop Feedback System Call centre teams India capture customer insights & relay them for continuous improvement. Strong Customer Satisfaction Metrics 96%+ CSAT across key markets and NPS above 57% in US & UK during FY26 30
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31 15–20 Consecutive quarters of dividend payout funded entirely from FCFs 38% Of FY26 FCF (₹100 Cr) returned as dividends ₹100 Cr Total dividends paid in FY26 ₹686 Cr Cumulative dividends paid since FY20 (~51% payout) Market capitalisation has compounded at 20% CAGR since listing, excluding the dividend stream entirely A consistent, cash-anchored dividend policy sustained through both investment and harvest phases. FY23 FY24 FY25 FY26FY23 FY24 FY25 FY26 9% 10% 12% 15% 18% 14% 19% 19% 24% 22% Consistent Shareholder Returns ROE ROCE H1 FY27 H1 FY27
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Growth Strategy 04 32
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33 USA · Video/Live Commerce ($bn) 50 68 2023 2026F Immediate TAM: $14–15 bn Rapid expansion of livestreaming and video-integrated commerce. Shop LC anchors ~$232mn revenue — under 0.3% of this TAM UK · Online Retail Sales (£bn) 123 127 132 2023 2024 2025 Immediate TAM: $2–2.5 bn 3rd largest e-commerce market globally TJC + Ideal World combined ~£92mn — a fraction of the base Germany · E-Commerce Sales (€bn) 89 92 96 2024 2025 2026F Immediate TAM: ~$3bn (incl. Austria) EU's largest consumer economy; content-driven shopping habit Shop LC Germany at €27mn, now turning profitable Aggregate platform TAM: ~$20bn · VGL's combined FY26 revenue of ~₹3,692 Cr (~$430mn) represents scope for high penetration VGL Today Expanding Addressable Markets Supporting Long-Term Growth Sources: USA: Statista-sourced US livestreaming/video commerce sales. UK: ONS online retail sales (2023/2024 actuals, via Retail Gazette analysis, Feb 2025); 2025 growth rate per eMarketer forecast (Netguru, Nov 2025), Germany: HDE (Handelsverband Deutschland) Online Monitor 2025, cross- referenced by bevh using Destatis data; 2025/2026 are HDE's own forecasts.
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34 Emerging Growth Engines Revenue (in Euro mn)Revenue and Unique Customers * Including 18K common customers of TJC 7 21 24 12 69 138 142 142 0 50 100 150 0 10 20 30 FY24 FY25 FY26 H1FY27 Net Revenue (£ in mn) Unique Customers (in '000) FY22 FY23 FY24 FY25 H1FY27 4 14 21 26 27 12.7 Ideal World Mindful Souls Key Updates Lower recurring subscription revenues due to reduced customer acquisition Sustained strong gross margin of 77% Launched 117 new products during Q2 FY27 Germany Key Updates Better product mix & pricing discipline Sustained market share gains in TV Digital performance improved to 24%Strong gross margins at 67% H1 FY27 Revenue £ 12.1 mn Unique customer (TTM) 142K* Profitability Sustained Strong EBITDA Margins H1 FY27 Revenue ~$ 7.7 mn Unique customer (TTM) 104K Customer 35% growth YoY in New customer acquisition H1 FY27 revenue € 12.7 mn Digital sales mix ~24% Lifestyle Products’ sales mix ~31% FY26
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35 Lab-Grown Diamonds: A Structural Growth Opportunity *Fortune Business Insights Rising consumer acceptance of sustainable and ethically sourced jewellery Attractive price-value proposition driving adoption across new customer segments Chemically, physically and optically identical to natural diamonds Increasing penetration across bridal, fashion and gifting categories 34.0 92.0 2026 2034 Global lab grown diamond market size* (USD billion) Lab grown diamond business Q2 FY27 B2C Revenue contribution Others Lab Grown Diamonds 12%
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36 Digital business breakout ▪ FY27 target: 50% of B2C revenue from digital (up from 44% in FY26). ▪ All channel websites now on Shopify, a D2C-first platform Live commerce & social media ▪ Live commerce becomes a bigger medium ▪ Meta and TikTok marketing broaden customer acquisition ▪ Global livestream e-commerce is growing at a ~41% CAGR industry-wide Germany normalisation ▪ First full year of positive EBITDA achieved in FY26 ▪ Expected to contribute towards profitability from FY27 Mindful Souls & Ideal World scaling ▪ Both acquisitions delivered profitably in FY26 (8.2% PBT margin and completed turnaround respectively), now growth contributors In-house brands & lifestyle mix ▪ Brands Targeting 60%+ of B2C revenue by FY27 (from 48.8%); ▪ Lifestyle products targeting 50% of B2C revenue medium- term (from 40% in H1FY27) AI-led planning & efficiency ▪ AI product-scheduling tool now in production ▪ Generative AI scaling content and SEO ▪ Continued investment in demand forecasting & personalisation 36 Revenue Target of ₹5,000–5,500 Crores by FY30 Growth Drivers & FY30 Roadmap
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37 Mr. Sunil Agrawal Managing Director, Mr. Nitin Panwad Group CFO Mr. Vineet Ganeriwala President, Shop LC (US) Mr. Deepak Mishra Managing Director, TJC, Mr. Raghuveer Patnala Managing Director, Germany Total Exp – 46 years VGL Exp – 46 years Total Exp – 16 years VGL Exp – 15 years Total Exp – 27 years VGL Exp – 6 years Total Exp – 20 years VGL Exp – 20 years Total Exp – 15 years VGL Exp – 12 years • First generation entrepreneur • Founded Vaibhav Enterprises in 1980 • Veteran of the gems and jewelry industry • Chartered Accountant • Cost optimization and process improvements • Established the German subsidiary • Chartered Accountant; IIM Kolkata alumnus • Former Country Finance Controller (Italy/Germany) at Vodafone • Expert in strategic financial leadership • Expert in TV home shopping and e-commerce • Driven double-digit revenue growth at TJC • Multi-category leader in jewelry and fashion • IIM Udaipur MBA; joined as Management Trainee in 2014 • Previous leadership roles in China and UK • Leads German digital transformation and CRM Strong Leadership
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38 Mr. Sabaresh Kumar CHRO, VGL Group Mr. Aswini Agarwal Head of Supply Chain-Asia Mr. Ankur Sogani Vice President, Commercial, (US) Mr. Mohammed Farooq Chief Technology Officer, VGL Group Mr. Ashish Dawra Vice President, Global IT Total Exp – 26 years VGL Exp – 1 years Total Exp – 21 years VGL Exp – 18 years Total Exp – 27 years VGL Exp – 23 years Total Exp – 21 years VGL Exp – 3 years Total Exp – 27 years VGL Exp – 23 years • BS Computer Science from Calicut University • Two times Edtech Startup founder • Deep expertise & strong focus on inclusion, leadership coaching, organizational effectiveness, and future-ready workforce models • MBA from University of Rajasthan • Secured "Great Place to Work" certification for VGL India • Two-time Rajasthan State Award winner for exports • MBA in Marketing & Finance • Specialist in TV shopping and digital marketplaces • Expert in global sourcing and product innovation • Expert in AI, MLOps, and digital scaling • Background in space, defense, and high-tech sectors • Leads large-scale engineering and product teams • M.Sc. in Computer Science • Two-decade tenure with VGL Group • Built technology platforms for TV shopping and ERP Management team
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39 'Your Purchase Feeds' — flagship ESG program ▪ 119mn+ meals distributed to date, ~56,000 meals served every school day — funded by every product sold across VGL's platforms ▪ Long-term mission: 1 million meals per school day by FY40 — a formal, board-level ambition, not a slogan ▪ Delivered through named partners: Akshaya Patra Foundation (India); No Kid Hungry, Backpack Friends (US); Magic Breakfast, Felix Project (UK) Manufacturing sustainability Jaipur SEZ is LEED Platinum, Net Zero Energy certified (India's 16th such certification). Two India units now fully solar-powered; UK & Germany facilities 100% renewable. Climate commitments Aligned to the Science Based Targets initiative (SBTi) and the 1.5 °C Paris pathway: Scope 1&2 down 60% absolute by 2035, Scope 3 intensity down 70% by 2035 (FY24-25 baseline). Customer inclusion Budget Pay, VGL's no-interest instalment programme, reached 38% of B2C revenue in FY26 — broadening affordability for value-conscious customers. Combined ESG rating ICRA Combined ESG Rating of 74 ('Strong') — an independent, third-party-verified score, not a self-assessment. ESG — Social Impact Beyond the Financials Embedding measurable social impact, responsible manufacturing and climate action across the business.
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Thank You Company VaibhavGlobal Limited Nitin Panwad, Group CFO Nitin.panwad@vglgroup.com Vivek Jain Head-Investor Relations Vivek.jain@vglgroup.com www.vaibhavglobal.com Investor Relations Advisors Ernst & Young LLP Vikash Verma Vikash.Verma1@in.ey.com Sumedh Desai Sumedh.desai@in.ey.com Sukhin Naphade Sukhin.S.Naphade@in.ey.com