V2 Retail Ltd

- No explicit mention of new fundraising through debt or equity in the provided transcript. - The company currently has a credit limit of about Rs. 50 crore, with plans to reduce utilization by Rs. 20-25 crore by year-end and become debt free by the end of the next year. - Focus is on rationalizing inventory and managing cash flows without indicating a need for fresh capital from debt or equity. - Emphasis is on hiring experienced management personnel and expanding stores using internal resources. - No guidance or discussion on raising new equity or debt funds was provided during the call.

- Planned capital expenditure (CAPEX) for opening new stores: - Rs. 7-8 crore for 5-6 stores in the current financial year (FY22) (Page 3). - Around Rs. 25 crore anticipated CAPEX for FY23 to open approximately 20 stores (Page 9). - Store expansion strategy: - Expect to open 15-20 new stores during the year, increasing operational area by about 20% (~2 lakh square feet) (Page 4). - Longer-term plan to open about 120 new stores over the next 4 years, mainly focusing on existing clusters (Page 11). - Warehouse capacity: - Current warehouse capacity planned to service turnover up to Rs. 1600-1700 crore till FY24, supporting store expansion (Page 9). - Strategic focus on recruiting management and functional heads to support growth and operations (Page 11).

- Targeting around Rs. 1000-1050 crore offline sales for next year (FY23) with sales per square feet of Rs. 725 monthly. - Planning to open approximately 120 new stores over the next 3-4 years, primarily in existing clusters (about 90 identified new locations). - Expecting 25% sales growth annually over next 3 years: 20% from new store additions and 5% from same store sales growth. - E-commerce sales targeted between Rs. 50-100 crore in FY23 (5%-10% of overall sales), with cautious growth tied to marketing ROAS and organic traction. - Manufacturing contribution to sales expected to grow from 20% currently to around 40-50% in next year, aiding gross margin improvement to 34%-35%. - Pre-IndAS EBITDA margin guidance remains at 9%-10% in FY23 with targeted Rs. 100 crore EBITDA. Overall, focus on expanding stores in existing regions, improving product mix via manufacturing, and carefully growing e-commerce sales.

- Targeting Rs. 1000-1100 crore turnover in FY23, up from current levels. - EBITDA guidance of Rs. 100 crore (9%-10% margin) for FY23, consistent with pre-COVID targets. - Gross margins expected to improve from 31-32% to 34-35% in FY23 due to increased contribution (approx. 40%) from own manufacturing, providing 7%-8% extra margin. - Sales per square feet target of Rs. 725 for FY23, reflecting modest growth and improved product mix. - Store expansion planned with 15-20 new stores in FY23 and about 25 stores in the next year, contributing to 25% annual sales growth (20% from new stores, 5% same-store growth). - E-commerce sales projected to grow to Rs. 50-100 crore in FY23, targeting 5%-10% of total sales with EBITDA loss limited to -1% to -2%. - Profit after tax loss narrowed in H1 FY22 compared to prior year, indicating positive profit trajectory.

The document does not provide explicit details on the current or expected order book or pending orders for V2 Retail Limited. However, related insights include: - The company is focused on opening around 120 new stores in existing clusters over the next 3-4 years. - For FY23, the company is targeting Rs. 1000-1100 crore in turnover with a pre-IndAS EBITDA margin of 9%-10%. - E-commerce sales for FY22 are expected to close at around Rs. 24 crore with targets of Rs. 50-100 crore in FY23 depending on traction. - Inventory rationalization is planned with inventory days targeted between 90-100 days, equating to Rs. 225-230 crore ideal inventory value for standalone operations. - Management emphasizes recruitment and capacity building to support significant store additions and sales growth. No specific order book or pending order numbers were disclosed in the call transcript.