Credo Brands Marketing Ltd

- There is no mention of any current or planned fundraising through debt or equity in the disclosed transcript. - The company stated that capex for new store openings and renovations will be funded through internal cash flows. - They emphasized being a dividend-paying company historically (except during COVID years), indicating healthy cash flow generation. - Management expressed confidence that capex will not be a problem and will be comfortably funded from existing cash flow. - No specific plans to raise external capital either via debt or equity have been indicated for the foreseeable future.

- The company plans capex for FY '26 primarily towards opening 20 to 25 new stores and renovating around 30 existing stores, including flagship store upgrades. - Capex per new store is approx. INR 30 lakhs; renovation costs are similar since stores are completely rehauled. - Inventory investment per new store ranges between INR 15 to 20 lakhs. - Total capex guidance for next year is around INR 12 to 15 crores. - All capex will be funded from internal cash flows, with no liquidity concerns. - The company follows a cautious and calibrated approach to expansion, monitoring market sentiment before scaling investment. - Strategic investments also include brand premiumization through retail identity upgrades and investments in omnichannel/digital platforms with partners like Google and Meta. - Brand-building expenditure planned at ~5% of revenues for FY '26. - Export or overseas store expansion is not planned in the immediate future.

- The company aspires for mid-teens revenue growth in the next year, driven by new store expansions in both new and established markets. - Growth will be cautiously calibrated based on market sentiment and macroeconomic recovery. - Same-store sales growth (SSSG) is expected to improve as market conditions normalize, with historical CAGR of over 4.5% including difficult years. - Expansion includes opening 20 to 25 new exclusive brand outlets (EBOs) in the current financial year, with potential to open more if market sentiment improves. - Investment in renovating existing stores and upgrading flagship stores to strengthen the premium brand experience. - Online and omnichannel sales are increasing, with the online channel turnover more than doubled in FY '25, expected to contribute more to overall revenue. - Focus will remain on profitable growth, balancing expansion and same-store sales without compromising margins or brand value.

- The company aspires for mid-teens revenue growth for the next year, driven by new store expansion and same-store sales growth. - Growth will be pursued cautiously and profitably amid current market conditions, avoiding chasing growth at the cost of profit. - EBITDA margin is expected to be stable in the range of 28% to 30%, depending on market conditions. - PAT and EBITDA growth is anticipated to outpace revenue growth due to operating leverage and cost control measures. - Operating cash flow remains strong, supporting renovation and expansion plans without external financing. - Focus on profitability over aggressive expansion will continue to preserve brand value and ensure sustainable earnings growth. - Digital and omnichannel investments will be scaled judiciously to drive profitable growth. - Overall, the company aims for steady earnings and profit growth while maintaining healthy margins and cautious optimism on market sentiment.

The transcript provided does not mention any information related to current or expected order book or pending orders for Credo Brands Marketing Limited. The discussion primarily focuses on: - Store expansions and openings (20-25 new stores expected in the current financial year). - Inventory days and management (inventory days reduced to 67). - Capex details for store openings and renovations. - Business strategies regarding EBOs, MBOs, and online sales. - Financial performance including revenue, EBITDA, PAT, and margins. - No reference or disclosure about order books or pending orders is available on the provided pages (especially pages 15-16). Therefore, no specific data on order book or pending orders can be provided based on the given document content.