Customer Concentration Risk
Top 10 customers contributed significantly in FY25; management argues they are sticky due to 4-year prescription cycles, but concentration remains a risk.
Dachepalli Publishers · Material risks, their source context, and severity in the latest available quarter.
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Risk intelligence
Top 10 customers contributed significantly in FY25; management argues they are sticky due to 4-year prescription cycles, but concentration remains a risk.
Inventory levels have increased; management is confident of liquidation in next two quarters, but any demand shortfall could impact cash flows.
D2C model is new and scaling from 3 to 50 schools; space and time constraints may limit ramp-up. Management acknowledged capacity challenges.