Kaya Ltd

- Kaya Limited plans to raise funds through a rights issue in the "not-too-distant future" as confirmed by Rajiv Suri and Arihant Dhariwal. - The purpose of the rights issue is to retire current loans and improve profitability by saving on approximately INR18 crores in annual interest costs. - The rights issue will also help the company become net worth positive from its current negative position. - No specific timeline for completion was disclosed, but fundraising is described as imminent. - The company is currently evaluating amendments related to the rights issue and will communicate further updates in due course. - There was no mention of raising new debt; focus is primarily on equity fundraising through the rights issue.

- Kaya Limited renovated 13 clinics and relocated 7 clinics in FY '25 as part of a brand refresh program. - Total of 24 clinic renovations and 13 relocations till date across 72 existing clinics. - The renovation and relocation program will continue into FY '26 with 7 clinics already signed for renovation/relocation. - The company invested in 9 new dermatology machines during Q4 FY '25, including equipment for brightening, pigmentation, acne, hair care, and laser hair reduction. - Kaya plans to accelerate expansion with 4 new clinics opened in FY '25 and 7 new clinics signed for FY '26, with more locations under search. - The expansion includes higher marketing investments to support customer acquisition. - Strategic focus is on leveraging current infrastructure and managing head office costs to drive profitability alongside expansion.

- Kaya aims to accelerate expansion in FY '26 with 7 clinics already signed and more in consideration, building on 4 clinics opened in FY '25. - The brand refresh program is ongoing with 24 clinic renovations and 13 relocations till date; expansions and renovations will continue into FY '26. - Kaya targets growth ahead of the market, which is estimated to be growing at 17% per year, especially through new clinic openings layered on like-for-like growth. - Skin-related service categories remain a competitive edge with strong recent growth: brightening and pigmentation up 21%, anti-ageing up 46%. - Marketing investments will increase to drive customer acquisition supporting volume growth. - Use of technology and loyalty programs expected to enhance customer experience and boost collections. - Overall, Kaya expects higher growth rates post-expansion and cost management enabling improvement toward profitability.

- Kaya Limited plans an accelerated expansion program in FY '26 with 7 clinics already signed and more under search, aiming to outpace market growth. - The company expects operating profitability improvements by leveraging head office cost efficiencies as scale increases. - Expansion and like-for-like growth are expected to drive stronger top-line growth (15% growth achieved in Q4 FY '25). - Raising funds via rights issue will retire debt, saving approximately INR18 crores annually in interest, improving net profitability. - Operating margin improvement is anticipated as marketing and corporate overheads stabilize relative to revenue growth. - Longer-term focus includes growing core skin categories where Kaya holds competitive advantage, supported by robust growth in Anti-Ageing (46%) and Brightening & Pigmentation (21%). - Overall, management targets profitability improvement and net worth positivity post-fundraise, projecting a positive earnings trajectory.

- In FY '25, Kaya Limited renovated 13 clinics and relocated 7 clinics, totaling 20 clinics refreshed under the Brand Refresh program. - As of May 2025, there have been 24 renovations and 13 relocations completed till date out of 72 existing clinics. - For FY '26, Kaya has already signed 7 new clinics and is actively searching for more locations. - The company plans to continue the renovation and expansion program into FY '26, aiming to accelerate growth. - They are starting to accelerate the overall expansion program with marketing investments and leveraging current infrastructure for profitability. - The pipeline of clinics under negotiation or search indicates a growing order book for future openings beyond the 7 signed clinics for FY '26.