I am quite convinced with the management reply on Q1 results due to very less or no wedding dates in the Q1.
Regarding margins I think they have different format stores, which has different margin profile. If we can get Vara maha Lakshmi stores margin profile then it would be helpful to access.
Tracing this company from last 2 quarters, I feel we will see good grown in numbers as they keep on adding Vara maha Lakshmi stores in TN & KA as avg invoice value of these stores is highest among all formats and PE expansion also should be there as they grow in numbers and expand margins going forward.
| Subscribe To Our Free Newsletter |
