Q4 2024 Brand Concepts Ltd Earnings Call Transcript
Key Points
- Brand Concepts Ltd (BOM:543442) reported a 40% growth in revenue from the previous year, indicating strong business performance.
- The company successfully launched new collections and trade activities, including a fashion show and a distributor dealer event.
- Two new brands signed by the company have started to gain traction, with UCB showing particularly encouraging consumer response.
- The merger with IIF Overseas has received board and regulatory approvals, with the process expected to be completed within the year.
- Construction of the new hard luggage plant is on schedule, with trial runs expected to start in Q4 of this year.
- Net earnings have decreased due to pre-operative expenses and investments in infrastructure, resources, and marketing activities.
- Overall retail performance has been slow, with a drop in walk-ins at malls and large format stores, leading to single-digit like-to-like sales growth.
- Inventory levels have increased significantly, from INR31 crores to INR51 crores, primarily due to new brands.
- Payable days have decreased, indicating potential changes in terms with creditors or increased pressure on cash flow.
- The company faces competition from new VC-funded luggage startups, which could impact market share and pricing strategies.
Good evening, ladies and gentlemen. I welcome you all to the Q4 and 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 statement, which may involve risks and uncertainties. Also a reminder that this call is being recorded. I would now request the management to detail us about the business and performance highlights for the quarter and the year that went by, the growth plan and vision for the coming years. Post which we will open the floor for Q&A.
Over to you, Abhinav.
Hi, very good afternoon to everyone and thanks a lot for joining this call. Just reflecting on the last quarter, I think we've continued on the growth part, on the growth journey and the growth in revenue is a testament to that. We have grown by 40% almost from previous year.
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