
Desi Wall Street
February 12, 2025 at 07:35 AM
*Manoj Vaibhav Gems N Jewellers (MVGJL)*
_Key Highlights from Q3 Concall_
Q3 was lower due to seasonality (Weakest quarter)
Management has guided for double digit growth for Q4
Q4 to be the best quarter on account of higher wedding/muhurutam days
Total 18 stores (All company owned)
3 more stores opening next month
Targets to cover every district in Andhra Pradesh and Telangana in next 3 years
Co is evaluating franchisee model as well
Plans to expand to Bangalore and Hyderabad now
Margins will be maintained at 7-8% levels
Ecom Sales contributing 2-3% Revenues
Margins similar to offline sales
https://x.com/desiwallstreet/status/1889578855134011469?t=5xHSCJgNkYRA-ixYpCifbw&s=19
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