Hi @Nagu_Danavath,
Thanks for asking!
Revenue Growth: Achieved ₹1,70,826 lakhs in Q2, a slight dip YoY but strong sequential growth from Q1 FY25’s ₹1,22,012 lakhs.
Profit before tax fell to ₹5,282 lakhs, impacted by one-time exceptional costs, including ₹5,772 lakhs in stamp duty from the recent demerger.
Key segments like textile, shirting, and apparel delivered steady performance, contributing to continued resilience in core areas.
Strong balance sheet with a net worth of ₹9,47,833 lakhs, debt-to-equity ratio at 0.11x, supporting sustainable growth.
74 stores opened in H1
Management had guided a subdued H1 while H2 will be good on account of wedding season.
Overall, I feel it’s a beginning of a good turnaround story. The company has high chance of getting included in the smallcap index in Jan 2025. Expect good inflows.
Disclosure: invested and added more recently.
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