1. B2C share to 40-50% of mix without reducing B2B On track - At the Q1 FY27 call, management planned to move to a 40-50% B2C share from current \~20% while not reducing B2B, via B2C expansion through the Jaipur flagship. Q1 FY27 mix was around 78% B2B and 22% B2C, against FY26's B2B 80.18% and B2C 19.64%.
2. Minimum three new retail stores in FY27 On track - At the Q4 FY26 call, management set a target of "at least around three stores in this year", with next year's expansion to be decided after learning from these. As of Q1 FY27, the Jaipur flagship was the only store in progress, with a few new store LOIs being worked on.
3. Jaipur flagship store operational by November 2026 On track - At the Q4 FY26 call, management guided the first retail store in Jaipur (\~30,000 sq ft) "most probably" operational "by the end of the year", softening a Diwali opening to "tough" with a November-end target; at the Q1 FY27 call they reaffirmed "will be able to get it done by November" despite rain delays. As of August 2026, land is procured, the building ready and interiors underway, with investment estimated at approximately ₹24-25 crores (BOQ stage).
4. Francorp franchise partner to bring 30 stores in three years On track - At the Q4 FY26 call, management adopted Francorp's commitment to "bring up 30 stores in next three years", and at the Q1 FY27 call said franchise protocols would be ready "within a month" and published, with franchises focused on Tier 2 and smaller cities. As of Q1 FY27, the franchise agency was employed but protocols remained under development, with no store openings disclosed.