Building on my last post in June 2022, Company appears to be on right path with Cocoblu division generating 689 crore of sales in Q1FY23!!
As per HDFC securities report, Indian retail is likely to grow till 93.8 lac crore (93.8 Trillion INR) from FY21 to FY26 with CAGR of 8-9%.
Out of the total retail E-retail is only 5 % now at 2.43 lac crore and is likely to grow till 9.75 lac crore (10 % of total retail market) with CAGR of 28 %.
Company is rated as 4 star on Amazon platform.
Neosky has big opportunity ahead with selection under PLI scheme for commercial drone application.
Investor presentation Q1FY23 attach for reference.
Happy to hear valuable views from other members!!
Disclosures: Planning to invest in this company
REL_resultsQ1Fy23.pdf (4.7 MB)
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