Desi Wall Street
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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