- Vaibhav Global crossed Rs 100 crore revenue in the past quarter
- High demand for lab-grown diamonds boosted sales and consumer acceptance
- India-EU FTA will improve jewellery competitiveness by easing trade
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Let us know.Nitin Panwad, Group CFO, Vaibhav Global revealed that the company crossed the Rs 100 crore revenue mark in the past quarter. One of the major driver was the high demand for lab-grown diamonds, which offer higher price points and better consumer acceptance. He said that the India-EU FTA is expected to enhance jewellery competitiveness by easing trade and reducing duties. With a focus on expansion in developed markets, the company aims for EBITDA breakeven in Germany by FY26.
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