Q1 2025 Brand Concepts Ltd Earnings Call Transcript
Key Points
- Brand Concepts Ltd (BOM:543442) reported a robust growth of nearly 20% over the previous quarter and the same quarter last year.
- The company is expanding its footprint across the country, adding new brands and locations.
- Margins have improved from the previous quarter, despite being subdued compared to the same quarter last year.
- The acquisition of Juicy Couture is seen as a strategic addition, targeting the super premium to luxury segment.
- The new hard luggage plant is on schedule and expected to be commissioned by the end of FY25, with a seasoned industry professional set to lead the plant.
- Same-store sales growth has been subdued, with lower walk-ins attributed to a severe heat wave affecting retail performance.
- There is margin pressure due to higher expenses not being matched by sales, and higher royalty costs impacting profitability.
- Institutional business has seen a decline, with its share dropping from 22% to 15% of the top line.
- The CSD channel, while showing good traction, has lower net realization and gross margins due to pre-COVID pricing.
- The company's reliance on Tommy Hilfiger remains high, contributing around 80% of sales, which may pose a risk if market conditions change.
So ladies and gentlemen, I welcome you all to the Q1 FY25 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 risk and uncertainties.
Also, this is a reminder that this call is being recorded. I would now request the management to detail us about the business performance highlights for the quarter, the growth plans and the vision for the coming years, post which we will open the floor for the Q&A.
Over to you Abhinav sir.
Thank you. Thank you Raj. Hi everyone. Very, very good afternoon. And thank you for joining for the post result call. Just reflecting on this quarter's performance, I think looking at the current market conditions of being a little subdued, we've still registered -- we've given a good robust growth of 20%, close
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