Senco Gold Ltd

- The company does not plan to raise equity for growth capital; growth will be managed through internal accruals and debt. - Comfortable debt-to-equity ratio targeted is around 1:1 to 1.2, subject to market price fluctuations. - Additional working capital requirement is estimated at INR 300 to INR 400 crore. - Incremental borrowing expected to be a maximum of INR 350 crore if gold prices remain stable. - Preference is given to opening franchisee stores over company-owned stores to reduce balance sheet stress. - Decisions on new fundraises will consider inventory efficiency and operational requirements. - No current announcement of new fundraising; any future capital investment decisions (e.g., related to Melorra) are under due diligence and will be communicated when finalized.

- No separate revenue targets yet for Everlite stores; scaling and targets to be shared as business model strengthens (Page 23). - Planning to open 8 to 10 company-owned stores and 8 to 10 franchisees conservatively; possibility of adjusting ratio depending on franchise partner availability (Page 13). - Strategic tie-up with Melorra for diamond-studded jewellery; currently in due diligence phase, future capital investment and impact on financials not disclosed yet (Page 20). - Focus on franchise expansion especially in North and East India to penetrate Tier 2, 3, 4 towns (Page 19). - No plans to raise equity capital for growth; growth capital to be managed through internal accruals and debt within comfort debt-to-equity ratio (~1:1 to 1.2) (Page 20, Page 13). - Investment in brand building, local design, and marketing to grow non-East region organically (Page 10). In summary, future capex includes store expansion, strategic diamond jewellery tie-ups, and controlled marketing spend, with a preference for franchise-led growth.

- Revenue growth target for FY26 is around 18% to 20%, supported by strong sales momentum in April and Akshaya Tritiya period. - Diamond segment expects volume growth of 15% to 20% driven primarily by volume rather than price increases; Q4 FY25 diamond volume grew 21%. - Gold volume saw a decline of 6% in Q4 FY25 and approximately 3% for the full year FY25 due to price increases. - In long-term, diamond stud ratio is targeted to reach 15% to 18% in 3 to 4 years to improve margins. - New store openings planned predominantly in North and East India with 8 to 10 company-owned plus 8 to 10 franchise stores in FY26. - Footfalls and consumer engagement have shown growth (~16% to 17%), supporting better sales prospects despite high gold prices. - Focus on tailoring designs to consumer budgets against rising gold prices to sustain demand.

- Q4 FY25 revenue increased by 21% YoY; EBITDA up over 44%, with margin improving from 7.7% to 9.2% due to higher diamond stud ratio. - Expect revenue growth of 18% to 20% for FY26, balancing gold price inflation and consumer demand for lighter, affordable designs. - Diamond volume growth projected at 15% to 20%, driven by volume rather than price increases. - Stable EBITDA margin guidance of approximately 7% to 7.5% quarterly, expecting smooth margins over 3-4 quarters. - Focus on improving key financial metrics—return on equity and capital employed—to deliver superior returns. - Planned addition of 8-10 company-owned and 8-10 franchise stores, primarily in North and East India, to drive growth. - Long term ROCE target of 17-18% in next 3-4 years with efforts on operational efficiencies and inventory management.

The transcript provided from Senco Gold Limited does not explicitly mention details regarding the current or expected order book or pending orders. The discussion mainly covers topics such as: - Revenue growth, EBITDA margin, and financial performance. - Diamond and gold sales volume growth and pricing. - Inventory levels and optimization. - Store expansion plans with company-owned and franchise stores. - Hedging strategies and impact on margins. - Working capital requirements and debt-to-equity comfort levels. No specific data or commentary on the order book status, order backlog, or pending orders was shared in the excerpts from the transcript on page 24 or surrounding pages. For precise order book details, refer to the company's investor presentation or official filings.