Revenue Up 17% to 538 Crore Rupees Signals Offline Revival, Amid 58% Upside Targets from Margins Expansion.
The direct-to-consumer firm's stock soared 9.3% to 308.55 rupees after swinging to 39 crore rupee profit from losses, with like-like sales up 17% to 538.1 crore rupees. EBITDA margins hit 8%.
Nifty FMCG up 1%, as 5.8% gain reflects 10% Q-o-Q revenue dip offset by 20% premium brand scale. Offline channels grew 25%.
Policy via GST rationalization cuts input taxes 5%, aiding 15% inclusion. Consumers: 60% Gen Z favor clean beauty, up 20%.
AI personalization boosts loyalty 18%. Employs 2,000, chain 10,000. Jefferies targets 58% upside to 400 rupees in 25% growth.
