Basically, im from a textiles background. And from experience, i can tell you that the way REDTAPE is going, i don’t think even 1000rs per share is expensive.
They are hitting all the right things.
Coming to the physical store discounts, yes, there are many products at 70 & 80% off. but i know what the cost price is of these products. They are selling a Tracksuit for Rs 900, whose Cost Price is 600.
They are using economies of scale and also products. where they dont offer discount have huge margins.
Slowly, they will take off this discount once people are used to their products.
They are building a VERY STICKY brand recall in my honest opinion.
Disc; Biased & Invested
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