Store expansion: 200-250 new stores in FY27
With store sizes of approximately 500 sq ft, targeting South and West India expansion while maintaining 25-35% COCO ratio. Focus on day-one breakeven return threshold.
REDTAPE / guidance tracker
Keep management guidance in view.
Redtape · forward-looking guidance across the available source record.
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Guidance tracker
What management said would happen.
expansion
EBITDA margin range: 16-19%
Management describes 19% as new normal rather than peak, with potential for further improvement through operating leverage, sales mix, and reduced fixed costs as SSSG grows.
Revenue composition: 65-70% retail preference
While online growing faster, management prefers maintaining 65-70% retail share despite e-commerce's higher growth trajectory. Acknowledges India may follow global pattern where e-commerce doesn't fully displace retail.
Inventory target: 120-150 days
Expected to achieve 'very near future' from current 170 days through continued supply chain optimization and SAP-driven system improvements.