RBZ Jwellers Q2 and beyond
Автор: Saurabh Agarwal
Загружено: 2025-11-15
Просмотров: 24
Low PE ?
RBZ Jwellers is building its business model.
There is a transition from B2B2C to B2B+B2C model,going from here to be 50/50 in few years.
With increase of gold prices there is a shift of establised player prefering GML ,thus driving margins of RBZ Jwellers just before festive like Navratri of Akshay Tritiya,led by Job work and decrese of Wholesale.
So despite topline growth not that huge bottomline will se tremendus growth.
Rest of the year will depend on Retail store sales.
So margins fluccutate QoQ.
In such a business its better to look at trail basis.
Apart from this a lot of their business will depend how their new retail stores will perform in new locations of Gujarat though they have brand but that needs to be seen in next year.
So it becomes difficult to get excited just by looking at a low PE ,there goes a lot before builiding and ensuring predictiblity,which i feel the business doesnt have currently.
This thought will change depending on how FY27 goes for them ,with newer stores.
So business in right direction but a lot needs to be seen,before it can be seen wrt of other proven models already in market.
Though really good management clarifying about their busines
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