Global jewellery e-retailer Vaibhav Global is targeting to achieve a 35% growth in its total sales during the current fiscal year. In the first half of the current fiscal, the company’s consolidated sales rose by 36% to Rs 568.17 crore from Rs 417.59 crore in the same period year-ago.
The expected sales growth is likely to come for two reasons - rupee devaluation and expanding reach of jewellery products in US and UK markets.
Vaibhav Global is engaged in selling of fashion jewellery and lifestyle products in the US, the UK and Canada via its own TV shopping and e-commerce platforms. It currently has access to 96 million households in US and the UK.
