Q3 2024 Brand Concepts Ltd Earnings Call Transcript
Key Points
- Brand Concepts Ltd (BOM:543442) reported a strong quarter-on-quarter growth of 44-45% from the previous year.
- The company has seen positive growth in its offline divisions, expanding and penetrating various regions across the country.
- Gross margins have improved, indicating better cost management and profitability.
- The marketing campaign featuring Arjun Rampal has been successful in enhancing brand perception and long-term strategy.
- The company is expanding its product portfolio with new brands like Benetton and Aeropostale, which have received positive market feedback.
- There has been a slowdown in corporate sales, which impacted overall revenue growth for Q3.
- E-commerce sales, particularly on the B2B side, experienced a temporary dip quarter-on-quarter from Q2 to Q3.
- The rollout of new brands has been delayed by 30-45 days, affecting the planned timeline.
- Marketing expenses have increased significantly, rising from 1.9-2% of turnover last year to over 5% this year, impacting margins.
- The company is facing challenges with space constraints in stores as it continues to add new brands, requiring strategic adjustments in merchandise mix.
Ladies and gentlemen, I welcome you all to the Q3 FY24 post earnings conference call of Brand Concepts Limited. Today on the call from the management we have with us Mr. Abhinav Kumar, Whole-Time Director, and CEO.
As a disclaimer, I would like to inform all of you that this call may contain forward-looking statements, which may involve risks and uncertainties. Also reminded that this call is being recorded.
I would now request Abhinav to detail us about the performance highlights for the quarter that went by, the growth plan and vision for the coming year, post which we will open the floor for Q&A. Over to you, Abhinav.
Hi. Good afternoon, everyone. Thanks for taking out time and joining the call. So Q3, we've continued our growth from large year. So quarter-on-quarter, we've again delivered a 44%, 45% kind of a growth from the last year quarter. There has been a -- there's been -- I mentioned this even during probably my last call, a couple of interactions
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