FY27 Revenue Growth: 18-20%
Management targets 18-20% full-year revenue growth, driven by strong Q1 performance, festive season expectations in Q3, and initial West Bengal contribution by Q3/Q4 end.
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EBITDA Margin: 7-8% post India
Management expects EBITDA margins to normalize to 7-8% range going forward, as Q1's 9.9% included some temporary inventory pricing benefits.
West Bengal: 10-12 stores by March 2027, 30 total in 18-24 months
5 stores operational by Diwali, scaling to 10-12 by quarter-end March 2027, with total planned footprint of 30 stores in West Bengal over next 18-24 months.
FY27 Capex: ₹150 crore (₹100 crore stores + ₹50 crore Kolkata properties)
New store openings (25-30 total across all clusters) require ₹100 crore capex, plus ₹50 crore for buying 11 properties in Kolkata, all funded through internal accruals.
Store additions of 5-6 by March 2026
Management plans to open 5-6 new stores by end of Q4 FY26, primarily in NCR and Andhra Pradesh.
New geography entry in Q2/Q3 FY27
The company plans to enter a new geography (likely Odisha or Western UP) in Q2 or Q3 of FY27, with around 10 stores initially.
Potential promoter buyback before Q1 FY27 results
Management indicated a possible promoter share buyback as a confidence-building measure, to be decided before Q1 FY27 results.