• Q4 sales drivers: Revenue grew 124% year-on-year, supported by wedding season demand, a 27% increase in gold volume, and two three-day promotional schemes that contributed ₹380 crore and ₹270 crore. Same-store sales growth was 86% in value terms (62% excluding schemes) and 5–6% in volume terms.
• Geographic expansion strategy: The company is expanding beyond its Maharashtra base to become a national brand, prioritizing Central India with new company-owned stores in Uttar Pradesh, Madhya Pradesh, and Bihar.
• Financial growth targets: Management projects a ₹13,500 crore top line for the upcoming financial year, with EBITDA margins around 7.5%, PAT margins between 3.75% and 4%, and annualized same-store sales growth of 35–40%. For FY27, the company aims to deliver over ₹500 crore in PAT.
• Debt and shareholding: Net debt stands at approximately ₹700 crore, with operational inventory hedging maintained at 100% primarily through gold metal loans. To comply with public shareholding norms and fund 25 planned store additions, promoter stake will be reduced from 83.11% to 75%, potentially via a QIP.