Khazanchi Jewellers Ltd

- The company is not planning to increase any additional debt; management prefers not to take on extra debt. - For the new showroom, working capital will be managed by shifting stock from existing showrooms rather than raising new funds. - The new showroom construction is being funded from the net proceeds of the recent equity issue (IPO on BSE SME platform in August 2023). - There is no specific mention of any planned future equity fundraising; focus appears on utilizing recent issue proceeds and internal financial management.

- New showroom construction ongoing at 286 NSC Bose Road, a prominent jewellery hub in South India. - The new showroom will be a large-format, 10,000 square feet flagship destination spanning three floors. - Expected showroom opening by May 2025. - Funding for the new showroom comes from net proceeds of the recent issue. - Plans for setting up own manufacturing units for high volume products in the near future to insource manufacturing partially. - Expansion plans include opening 3 to 4 new showrooms in different geographical locations over the next 2 to 3 years. - Working on implementing online presence alongside new showroom launch. - Management intends to shift some working capital from existing showroom to new showroom; no extra debt planned for expansion. - Strategy to enhance inventory management for operational efficiency.

- The company targets a revenue growth of 25% to 35% year-on-year, aiming to reach INR 1,000 crores in FY25. - Volume growth is also expected, supported by increased demand despite price appreciation of 15%-18%. - B2C (retail) segment is planned to grow from 10% to approximately 25% of total sales in the next 2-3 years to improve margins. - Expansion includes opening 3-4 new showrooms geographically within 2-3 years. - A new 10,000 sq. ft. flagship showroom is under construction, expected to open by May 2025, to support volume and revenue growth. - The company is working on regional diversification and gradual in-house manufacturing to strengthen supply chain and product quality. - Demand outlook remains positive, with volume growth expected despite rising precious metal prices. - Increased focus on higher-margin product segments like diamond and retail will drive future revenue and margin expansion.

- The company expects a continued strong growth trajectory, targeting 25%-35% year-on-year revenue growth, aiming to reach INR 1,000 crores by FY25. - Expansion of the retail segment from current 10% to around 25% in two years, which carries higher margins of 8%-9% compared to 3%-5% for B2B. - Overall gross margin improvement projected due to growth in retail and higher-margin products introduction, potentially raising overall margin by 0.5%-0.8%. - Plans to open a new 10,000 sq.ft flagship showroom by 2025 in a prime jewellery hub to enhance retail presence and margins. - Earnings per share (EPS) expected to improve in line with volume growth and margin expansion, supported by increased retail contribution. - Management confident in sustaining 3%-5% margins for B2B segment alongside growing high-margin retail business. - In-house manufacturing unit is under consideration to improve margins, though timing is unspecified.

- The company currently operates primarily on ready stock rather than large pending orders. - Major clients select from ready stocks held by the company, which is a specialty compared to competitors who require orders placed in advance. - There is no explicit mention of a backlog or pending order book value in the discussion. - Rajesh Mehta indicated that the company plans to manufacture in-house soon for high-volume products but did not specify pending order quantities. - The business model relies on maintaining ready inventory to meet demand quickly rather than accumulating large pending orders.