My first 10 bagger@KEI. ind
Huge new plant @ construction going on @ sanand gujarat
My first 10 bagger@KEI. ind
Huge new plant @ construction going on @ sanand gujarat
Concall Notes - May
Retail Network Expansion:
Marketing Campaigns:
Financial Performance (Q4FY24):
Financial Performance (FY24):
Challenges Faced:
Future Growth Strategies:
Competition and Market Outlook:
Overall Sentiment:
Zomato has started Everyday offering in my area (Rohini, Delhi). I ordered just to try and it told me 2.7 lac orders today (mind you I ordered breakfast). So taking an avg of 7 lac orders per day, AOV of 100 bucks, this is c7r per day or 210cr per month.
Not sure how revenue works, since this is not with restaurant partners, but directly with home owners. Assuming a higher take rate (say 30%), we get to around 70crs per month of added revenue.
Plus there is cross sell assuming a lot of these orders would be to new customers (need to watchout for MTU growth).
Overall looks positive if they can scale up the offering. I’ve taken conservative numbers.
I exited due to availibility of better options, but I guess until the B2B demand from US retailers doesn’t improve or some FTA with UK / EU go through (since Indian mfrs don’t really have any noticeable wallet share for UK / EU players), there won’t be significant re-rating.
Can someone please explain what is “no coverage of statutory margins”
This is from 2024 Annual report
Might be that 8.5 Cr told in latest con-call was Q4 number but then why isn’t it 25% of 20Cr?
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