Key takeaways from concall -
-The company plans to open 1 new park every year(Huge)
- Does not expect improvement in footfall from existing parks as the are old and already running at optimum level.
- Bhuvaneshwar park expected ARPU to be around 800-1000 and expect margins to get dilute due to this over next year.
- Expect chennai park to be completed by Q3 next year.
- Increase in employee cost in current quarter due to ESOP granted to key management.
- Current quarter looks good but little impacted due to heat waves in bangalore.
My observation - The company has yet again raised ticket prices this season by around 10 percent but struggling to get footfall which is evident by lot of marketing efforts and offers it is running in current peak quarter which were earlier not there in previous years.
Disc - Invested.
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