Max India · tone and specificity signals across the available quarters.
Language signals
We remain committed to profitability. As we said, AGZ perhaps by January or last quarter this year we'll be in that zone and we'll continue to contain losses even though we scale up care homes to make sure we're committed to a path to profitability.
The core of that product is services not infrastructure. It is all the IP we have gained over the years in terms of what kind of engagement services, what kind of wellness services to integrate... our ability to put integrated medicine inside which is more IP based—you can't just hire a doctor and start doing that.
The diaper market is about 2,500 crore kind of market, 5,000 crore only. We're not building a 10,000 crore business in AGZ in the next five years, it's going to be perhaps 1,000 crore—so enough market to be had.
We are the only branded listed company doing a complete integrated care ecosystem for seniors. It takes time to be able to implement it, but it creates sustainable value over time.
For AGZ, total 180 crore would have been invested by March 26. At steady state, EBITDA margins would be 15-20% at a top line of 500 crore, and ROCE should be somewhere at upwards of 30%.
The movement we're seeing in the sector tells us that the long-term opportunity in senior care is quite evident. We believe in what we do in terms of the model.