Consumers Cease shares surge 11% after Q3 revenue climbs 41% YoY to Rs 52 crore on festive season demand
For the third quarter ending December 31, Consumers Cease posted a consolidated internet revenue of Rs 522.3 million, in comparison with Rs 368.5 million in the identical interval final 12 months. This marks a robust restoration following two consecutive quarters of losses.
The festive season, significantly from October to December, noticed a surge in spending on magnificence and life-style merchandise, a key interval for retailers, which accounts for a big portion of their annual gross sales, the corporate mentioned. Regardless of ongoing inflationary pressures, premiumization has continued to drive progress, with high-end classes performing properly.
The corporate noticed an 11% rise in income from operations, reaching Rs 13.79 billion. Premium merchandise contributed 64% of the whole income for the quarter, a 9% improve from the earlier 12 months. Classes comparable to watches, purses, and fragrances led the cost on this progress.
Consumers Cease additionally expanded its footprint, opening 16 new shops, together with 9 INTUNE shops, 6 SS Magnificence shops, and 1 division retailer, with a capital expenditure of Rs 53 crore. The corporate expects premiumization to stay a key progress driver by This fall and into FY26. Moreover, the robust wedding ceremony season starting in mid-January is anticipated to additional enhance gross sales.
Analysts stay optimistic, with a median goal value of Rs 767 for Consumers Cease’s inventory. Out of 10 analysts, 5 suggest a purchase, 2 suggest a maintain, and a pair of counsel a promote.Additionally learn | Goldman Sachs analysts reply 5 investor questions earlier than Union Price range
(Disclaimer: Suggestions, solutions, views and opinions given by the specialists are their very own. These don’t signify the views of Financial Occasions)
