I went through their presentations and some concalls.
In Q1FY24 ppt, they mentioned:
- 2000 crore revenue in FY25
- 125 EBOs by FY25
- 70% distributors in Project Lakshya by FY25
In Q2FY24 ppt, they quietly changed all three targets to FY26. I like their strategy of moving into higher value segments, branding, but i think this stock will require patience. May not give quick returns. It does looks it undervalued.
Still studying. EBOs are based on franchise model, but it seems there arent too many takers for their franchisees at this moment, which is why they moved the target.
| Subscribe To Our Free Newsletter |
