Reported Earnings • May 19
Full year 2026 earnings released: EPS: ₹11.45 (vs ₹8.95 in FY 2025) Full year 2026 results: EPS: ₹11.45 (up from ₹8.95 in FY 2025). Revenue: ₹8.62b (up 20% from FY 2025). Net income: ₹957.5m (up 28% from FY 2025). Profit margin: 11% (in line with FY 2025). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • May 12
Cantabil Retail India Limited to Report Q4, 2026 Results on May 18, 2026 Cantabil Retail India Limited announced that they will report Q4, 2026 results at 9:08 AM, Indian Standard Time on May 18, 2026 Declared Dividend • Feb 09
Dividend of ₹0.75 announced Shareholders will receive a dividend of ₹0.75. Ex-date: 20th February 2026 Payment date: 8th March 2026 Dividend yield will be 0.4%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 50% per year over the past 5 years. However, payments have been volatile during that time. Earnings per share has grown by 66% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: ₹5.39 (vs ₹4.11 in 3Q 2025) Third quarter 2026 results: EPS: ₹5.39 (up from ₹4.11 in 3Q 2025). Revenue: ₹2.67b (up 20% from 3Q 2025). Net income: ₹450.9m (up 31% from 3Q 2025). Profit margin: 17% (up from 15% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year and the company’s share price has also increased by 10% per year. Announcement • Jan 30
Cantabil Retail India Limited to Report Q3, 2026 Results on Feb 06, 2026 Cantabil Retail India Limited announced that they will report Q3, 2026 results at 12:08 PM, Indian Standard Time on Feb 06, 2026 Reported Earnings • Nov 04
Second quarter 2026 earnings released: EPS: ₹0.81 (vs ₹0.78 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.81 (up from ₹0.78 in 2Q 2025). Revenue: ₹1.78b (up 17% from 2Q 2025). Net income: ₹67.5m (up 3.1% from 2Q 2025). Profit margin: 3.8% (down from 4.3% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Oct 28
Cantabil Retail India Limited to Report Q2, 2026 Results on Nov 03, 2025 Cantabil Retail India Limited announced that they will report Q2, 2026 results on Nov 03, 2025 Upcoming Dividend • Aug 22
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 29 August 2025. Payment date: 09 October 2025. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.6%). Declared Dividend • Aug 07
Dividend of ₹0.50 announced Dividend of ₹0.50 is the same as last year. Ex-date: 29th August 2025 Payment date: 9th October 2025 Dividend yield will be 0.4%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased by an average of 38% per year over the past 5 years. However, payments have been volatile during that time. Earnings per share has grown by 53% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 06
First quarter 2026 earnings released: EPS: ₹1.75 (vs ₹1.36 in 1Q 2025) First quarter 2026 results: EPS: ₹1.75 (up from ₹1.36 in 1Q 2025). Revenue: ₹1.61b (up 26% from 1Q 2025). Net income: ₹146.7m (up 29% from 1Q 2025). Profit margin: 9.1% (up from 8.9% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Jul 30
Cantabil Retail India Limited to Report Q2, 2026 Results on Aug 05, 2025 Cantabil Retail India Limited announced that they will report Q2, 2026 results on Aug 05, 2025 Reported Earnings • May 16
Full year 2025 earnings released: EPS: ₹8.95 (vs ₹7.60 in FY 2024) Full year 2025 results: EPS: ₹8.95 (up from ₹7.60 in FY 2024). Revenue: ₹7.30b (up 18% from FY 2024). Net income: ₹748.6m (up 20% from FY 2024). Profit margin: 10% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • May 02
Cantabil Retail India Limited to Report Q4, 2025 Results on May 15, 2025 Cantabil Retail India Limited announced that they will report Q4, 2025 results on May 15, 2025 New Risk • Feb 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (108% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.9% average weekly change). Declared Dividend • Feb 12
Dividend increased to ₹0.50 Dividend of ₹0.50 is 25% higher than last year. Ex-date: 21st February 2025 Payment date: 12th March 2025 Dividend yield will be 0.3%, which is lower than the industry average of 0.4%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 46% per year over the past 4 years. However, payments have been volatile during that time. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Feb 11
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 108% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (108% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Feb 10
Cantabil Retail India Limited Declares Interim Dividend for the Fiscal Year 2024-25 Cantabil Retail India Limited at the Board of Directors meeting held on February 10, 2025 approved the declaration of Interim dividend of INR 0.50 per equity share @ 25% on a face value of INR 2 per share for the Fiscal Year 2024-25. The Record Date for the purpose of payment of Interim Dividend shall be February 21, 2025. Announcement • Feb 04
Cantabil Retail India Limited to Report Q3, 2025 Results on Feb 10, 2025 Cantabil Retail India Limited announced that they will report Q3, 2025 results at 12:08 PM, Indian Standard Time on Feb 10, 2025 Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹317, the stock trades at a trailing P/E ratio of 43.9x. Average trailing P/E is 27x in the Luxury industry in India. Total returns to shareholders of 84% over the past three years. Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: ₹0.78 (vs ₹0.92 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.78 (down from ₹0.92 in 2Q 2024). Revenue: ₹1.52b (up 13% from 2Q 2024). Net income: ₹65.5m (down 13% from 2Q 2024). Profit margin: 4.3% (down from 5.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 20% per year. Announcement • Nov 04
Cantabil Retail India Limited to Report Q2, 2025 Results on Nov 12, 2024 Cantabil Retail India Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Declared Dividend • Aug 24
Dividend of ₹0.50 announced Shareholders will receive a dividend of ₹0.50. Ex-date: 8th September 2024 Payment date: 14th October 2024 Dividend yield will be 0.3%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 46% per year over the past 4 years. However, payments have been volatile during that time. Earnings per share has grown by 39% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Aug 16
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 92% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (92% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: ₹1.36 (vs ₹1.50 in 1Q 2024) First quarter 2025 results: EPS: ₹1.36 (down from ₹1.50 in 1Q 2024). Revenue: ₹1.30b (up 16% from 1Q 2024). Net income: ₹114.1m (down 7.0% from 1Q 2024). Profit margin: 8.8% (down from 11% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 07
Cantabil Retail India Limited to Report Q1, 2025 Results on Aug 13, 2024 Cantabil Retail India Limited announced that they will report Q1, 2025 results on Aug 13, 2024 Recent Insider Transactions • Jul 02
Key Executive recently bought ₹20m worth of stock On the 27th of June, Deepak Bansal bought around 84k shares on-market at roughly ₹240 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth ₹81m. Deepak has been a buyer over the last 12 months, purchasing a net total of ₹63m worth in shares. Recent Insider Transactions • Jun 13
Key Executive recently bought ₹20m worth of stock On the 7th of June, Deepak Bansal bought around 100k shares on-market at roughly ₹202 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth ₹81m. This was Deepak's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹220, the stock trades at a trailing P/E ratio of 29.5x. Average trailing P/E is 27x in the Luxury industry in India. Total returns to shareholders of 186% over the past three years. Recent Insider Transactions • Jun 01
Founder recently bought ₹81m worth of stock On the 29th of May, Vijay Bansal bought around 375k shares on-market at roughly ₹217 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Vijay's only on-market trade for the last 12 months. Reported Earnings • May 18
Full year 2024 earnings released: EPS: ₹7.60 (vs ₹8.24 in FY 2023) Full year 2024 results: EPS: ₹7.60 (down from ₹8.24 in FY 2023). Revenue: ₹6.21b (up 13% from FY 2023). Net income: ₹622.2m (down 7.5% from FY 2023). Profit margin: 10.0% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 40% per year whereas the company’s share price has increased by 41% per year. Announcement • May 08
Cantabil Retail India Limited to Report Q4, 2024 Results on May 15, 2024 Cantabil Retail India Limited announced that they will report Q4, 2024 results on May 15, 2024 New Risk • Mar 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (136% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹185, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 27x in the Luxury industry in India. Total returns to shareholders of 148% over the past three years. Announcement • Feb 22
Cantabil Retail India Limited announced that it has received INR 504 million in funding from Think Investments LP On February 22, 2024, Cantabil Retail India Limited closed the transaction. The transaction has been approved by the board of directors of the company. Upcoming Dividend • Feb 16
Upcoming dividend of ₹0.40 per share Eligible shareholders must have bought the stock before 23 February 2024. Payment date: 08 March 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.2%). In line with average of industry peers (0.5%). Declared Dividend • Feb 09
Dividend of ₹0.40 announced Shareholders will receive a dividend of ₹0.40. Ex-date: 23rd February 2024 Payment date: 8th March 2024 Dividend yield will be 1.2%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is well covered by both earnings (7% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 71% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 23% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: ₹2.95 (vs ₹3.30 in 3Q 2023) Third quarter 2024 results: EPS: ₹2.95 (down from ₹3.30 in 3Q 2023). Revenue: ₹1.76b (up 7.4% from 3Q 2023). Net income: ₹241.0m (down 11% from 3Q 2023). Profit margin: 14% (down from 17% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 51% per year whereas the company’s share price has increased by 48% per year. Announcement • Feb 07
Cantabil Retail India Limited Announces Interim Dividend for the Fiscal Year 2024 Cantabil Retail India Limited at its board directors held on February 7, 2024 announced payment of Interim dividend of INR 0.40 per equity share 20% on a face value of INR 2 per share for the Fiscal Year 2023-24. The Record Date for the purpose of payment of Interim Dividend shall be, February 23, 2024. Announcement • Jan 19
Cantabil Retail India Limited announced that it expects to receive INR 504 million in funding from Think Investments LP Cantabil Retail India Limited announced a private placement to issue 2,000,000 shares at issue price INR 252 for a gross proceeds INR 504,000,000 on January 18, 2024. The equity shares have face value INR 2 each. The transaction is included participation from new investor, Think India Opportunities Master Fund LP, a fund managed by Think Investments LP. The transaction is subject to the approval of the shareholders of the Company at the Extraordinary General Meeting. The offering is made on preferential basis. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹236, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 27x in the Luxury industry in India. Total returns to shareholders of 235% over the past three years. Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: ₹0.92 (vs ₹1.14 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.92 (down from ₹1.14 in 2Q 2023). Revenue: ₹1.36b (up 17% from 2Q 2023). Net income: ₹75.0m (down 19% from 2Q 2023). Profit margin: 5.5% (down from 8.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Announcement • Oct 25
Cantabil Retail India Limited to Report First Half, 2024 Results on Oct 31, 2023 Cantabil Retail India Limited announced that they will report first half, 2024 results on Oct 31, 2023 New Risk • Oct 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹3.66b (US$43.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks High level of debt (129% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₹3.66b market cap, or US$43.9m). Announcement • Oct 01
Cantabil Retail India Limited Approves Final Dividend for the Financial Year Ended March 31, 2023 Cantabil Retail India Limited announced that at its AGM held on September 28, 2023, shareholders confirmed the interim dividend of INR 2 per share that is @20% on equity share of face value of INR 10 each, fully paid up for the financial year ended on March 31, 2023 and approved the declaration of final dividend of INR 2.50 per share that is @25% on equity share of face value of INR 10 each, fully paid up for the financial year ended on March 31, 2023. Upcoming Dividend • Sep 08
Upcoming dividend of ₹2.50 per share at 0.5% yield Eligible shareholders must have bought the stock before 15 September 2023. Payment date: 28 October 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.3%). In line with average of industry peers (0.5%). Announcement • Sep 02
Cantabil Retail India Limited, Annual General Meeting, Sep 28, 2023 Cantabil Retail India Limited, Annual General Meeting, Sep 28, 2023, at 11:00 Indian Standard Time. Location: Palm Green Hotel and Resort, Main GT Karnal Road, Bakoli New Delhi- 110036 New Delhi Delhi India Agenda: To consider and adopt the audited financial statements of the company for the financial year ended on march 31, 2023 together with the report of the board of directors and the auditors thereon; to confirm payment of interim dividend;to appoint a director in place of Mr Deepak bansal who retires by rotation; and to consider other business matters. New Risk • Aug 14
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 129% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (129% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Aug 13
Cantabil Retail India Limited Recommends Final Dividend for the Financial Year 2022-23 Cantabil Retail India Limited announced that the Board Meeting held on 12th August, 2023, has approved the recommendation of Final Dividend of INR 2.50/- Per Share for the Financial Year 2022-23. The record date for the purpose of payment of final dividend is 15th September, 2023. Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: ₹7.52 (vs ₹8.65 in 1Q 2023) First quarter 2024 results: EPS: ₹7.52 (down from ₹8.65 in 1Q 2023). Revenue: ₹1.13b (up 12% from 1Q 2023). Net income: ₹122.7m (down 13% from 1Q 2023). Profit margin: 11% (down from 14% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. Announcement • Aug 06
Cantabil Retail India Limited to Report Q1, 2024 Results on Aug 12, 2023 Cantabil Retail India Limited announced that they will report Q1, 2024 results on Aug 12, 2023 Reported Earnings • May 16
Full year 2023 earnings released: EPS: ₹41.18 (vs ₹23.31 in FY 2022) Full year 2023 results: EPS: ₹41.18 (up from ₹23.31 in FY 2022). Revenue: ₹5.56b (up 45% from FY 2022). Net income: ₹672.4m (up 77% from FY 2022). Profit margin: 12% (up from 9.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 69% per year whereas the company’s share price has increased by 67% per year. Announcement • May 11
Cantabil Retail India Limited to Report Q4, 2023 Results on May 15, 2023 Cantabil Retail India Limited announced that they will report Q4, 2023 results on May 15, 2023 Upcoming Dividend • Feb 10
Upcoming dividend of ₹2.00 per share at 0.4% yield Eligible shareholders must have bought the stock before 17 February 2023. Payment date: 09 March 2023. Payout ratio is a comfortable 9.8% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (0.6%). Reported Earnings • Feb 08
Third quarter 2023 earnings released: EPS: ₹16.51 (vs ₹14.52 in 3Q 2022) Third quarter 2023 results: EPS: ₹16.51 (up from ₹14.52 in 3Q 2022). Revenue: ₹1.64b (up 24% from 3Q 2022). Net income: ₹269.5m (up 14% from 3Q 2022). Profit margin: 17% (down from 18% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth. Announcement • Jan 25
Cantabil Retail India Limited to Report Q3, 2023 Results on Feb 07, 2023 Cantabil Retail India Limited announced that they will report Q3, 2023 results on Feb 07, 2023 Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improved over the past week After last week's 18% share price gain to ₹1,319, the stock trades at a trailing P/E ratio of 39x. Average trailing P/E is 15x in the Luxury industry in India. Total returns to shareholders of 378% over the past three years. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Balvinder Ahluwalia was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Second quarter 2023 earnings released: EPS: ₹5.68 (vs ₹4.76 in 2Q 2022) Second quarter 2023 results: EPS: ₹5.68 (up from ₹4.76 in 2Q 2022). Revenue: ₹1.17b (up 30% from 2Q 2022). Net income: ₹92.8m (up 19% from 2Q 2022). Profit margin: 7.9% (down from 8.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has increased by 80% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 08
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 23 October 2022. Payout ratio is a comfortable 7.6% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (0.5%). Board Change • Sep 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Balvinder Ahluwalia was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improved over the past week After last week's 18% share price gain to ₹1,377, the stock trades at a trailing P/E ratio of 41.8x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 497% over the past three years. Reported Earnings • Aug 10
First quarter 2023 earnings released: EPS: ₹8.65 (vs ₹0.95 loss in 1Q 2022) First quarter 2023 results: EPS: ₹8.65 (up from ₹0.95 loss in 1Q 2022). Revenue: ₹1.02b (up 243% from 1Q 2022). Net income: ₹141.2m (up ₹156.7m from 1Q 2022). Profit margin: 14% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 19
Full year 2022 earnings released: EPS: ₹23.31 (vs ₹5.92 in FY 2021) Full year 2022 results: EPS: ₹23.31 (up from ₹5.92 in FY 2021). Revenue: ₹3.99b (up 58% from FY 2021). Net income: ₹380.6m (up 294% from FY 2021). Profit margin: 9.5% (up from 3.8% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 21% share price gain to ₹1,195, the stock trades at a trailing P/E ratio of 52.4x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 345% over the past three years. Recent Insider Transactions • Apr 02
Founder recently bought ₹895k worth of stock On the 31st of March, Vijay Bansal bought around 1k shares on-market at roughly ₹895 per share. In the last 3 months, they made an even bigger purchase worth ₹1.2m. Vijay has been a buyer over the last 12 months, purchasing a net total of ₹20m worth in shares. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 16% share price gain to ₹798, the stock trades at a trailing P/E ratio of 35x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 146% over the past three years. Recent Insider Transactions • Feb 23
Founder recently bought ₹1.2m worth of stock On the 21st of February, Vijay Bansal bought around 1k shares on-market at roughly ₹902 per share. In the last 3 months, they made an even bigger purchase worth ₹4.0m. Vijay has been a buyer over the last 12 months, purchasing a net total of ₹19m worth in shares. Reported Earnings • Feb 03
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹14.52 (up from ₹6.20 in 3Q 2021). Revenue: ₹1.34b (up 32% from 3Q 2021). Net income: ₹237.1m (up 134% from 3Q 2021). Profit margin: 18% (up from 10.0% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Dec 31
Founder recently bought ₹4.0m worth of stock On the 29th of December, Vijay Bansal bought around 5k shares on-market at roughly ₹773 per share. This was the largest purchase by an insider in the last 3 months. Vijay has been a buyer over the last 12 months, purchasing a net total of ₹18m worth in shares. Recent Insider Transactions • Nov 25
Whole-Time Director recently bought ₹1.4m worth of stock On the 22nd of November, Deepak Bansal bought around 2k shares on-market at roughly ₹607 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹31m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 13
Founder recently bought ₹1.1m worth of stock On the 11th of November, Vijay Bansal bought around 2k shares on-market at roughly ₹587 per share. This was the largest purchase by an insider in the last 3 months. Vijay has been a buyer over the last 12 months, purchasing a net total of ₹12m worth in shares. Upcoming Dividend • Nov 04
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 11 November 2021. Payment date: 28 November 2021. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.4%). In line with average of industry peers (0.4%). Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improved over the past week After last week's 17% share price gain to ₹605, the stock trades at a trailing P/E ratio of 65.1x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 279% over the past three years. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment improved over the past week After last week's 22% share price gain to ₹440, the stock trades at a trailing P/E ratio of 47.3x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 183% over the past three years.