CRISIL - Revenues of shrimp exporters to grow 8-10% as demand improves.
Posts tagged Value Pickr
Pragnesh’s portfolio (13-06-2024)
My first 10 bagger@KEI. ind
Huge new plant @ construction going on @ sanand gujarat
Vedant Fashions (Manyavar) – Niche Branded Retail (13-06-2024)
Concall Notes - May
Retail Network Expansion:
- Added 62,000 sq. ft. of net retail area in Q4.
- Launched first EBO of Mohey brand in Bengaluru.
- Expanded retail footprint by 2.34 lakh sq. ft. in FY24.
- National EBO footprint: 660 stores in 255 cities.
Marketing Campaigns:
- Collaborated with Mega Star Ram Charan and Bollywood actress Kiara Advani.
- Partnered with celebrity stylist Tanya Ghavri for a campaign on #DreamDulhanLook.
- Launched campaigns on various festivals across India.
Financial Performance (Q4FY24):
- Revenue from operations: INR363 crores, 6.3% growth YoY.
- EBITDA margins: 49%, EBITDA at INR178 crores.
- PAT margin: 31.9%, profit after tax INR116 crores.
- Customer sales: INR511 crores, 5.9% growth YoY.
Financial Performance (FY24):
- Revenue from operations: INR1,368 crores.
- EBITDA margins: 48.6%, EBITDA at INR664 crores.
- PAT margin: 30.3%, profit after tax INR414 crores.
- Strong cash conversion ratio of 81.4%.
Challenges Faced:
- Impact of significantly lower weddings and muted consumer sentiments in FY24.
- Lower demand due to weaker sentiment and higher base effect post-COVID.
- Receivables increased due to weaker financial year and net retail area expansion.
Future Growth Strategies:
- Confident about rebounding consumer sentiments in FY25.
- Focus on expanding retail footprint and launching new campaigns.
- Project Manthan to be revamped, entering new categories related to weddings and accessories.
Competition and Market Outlook:
- Competition from players like Raymond and Tasva.
- Majority of new stores opened in Tier 1 and Tier 2 cities.
- Strong moats in place with high brand awareness and consumer understanding.
- Planning to enter new categories related to weddings and daily accessories.
Overall Sentiment:
- Optimistic about future growth post weak FY24.
- Confidence in the company’s strategic decisions and growth potential.
- Focus on leveraging existing retail network and adapting to changing consumer sentiments.
Zomato – Should you order? (13-06-2024)
Zomato has started Everyday offering in my area (Rohini, Delhi). I ordered just to try and it told me 2.7 lac orders today (mind you I ordered breakfast). So taking an avg of 7 lac orders per day, AOV of 100 bucks, this is c7r per day or 210cr per month.
Not sure how revenue works, since this is not with restaurant partners, but directly with home owners. Assuming a higher take rate (say 30%), we get to around 70crs per month of added revenue.
Plus there is cross sell assuming a lot of these orders would be to new customers (need to watchout for MTU growth).
Overall looks positive if they can scale up the offering. I’ve taken conservative numbers.
Welspun India – most vertically integrated textile co (13-06-2024)
I exited due to availibility of better options, but I guess until the B2B demand from US retailers doesn’t improve or some FTA with UK / EU go through (since Indian mfrs don’t really have any noticeable wallet share for UK / EU players), there won’t be significant re-rating.
Kamat Hotels (India) Ltd- A Possible Turnaround Story! (13-06-2024)
Might be that 8.5 Cr told in latest con-call was Q4 number but then why isn’t it 25% of 20Cr?