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And while CAPEX, I understand on the margin front, what kind of incremental gross margin will you get for these 45-50 stores?
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And secondly, I think on the debt reduction, just wanted to understand, if I understood it correctly, you are saying current financial year which is FY24, there will be a total Rs. 300 and Rs. 350 crores worth of debt reduction and then in FY25, what is the incremental number, is it going to be Rs. 200 crores or is it going to be Rs. 450 crores, incremental, what will be the FY25?
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And just wanted to kind of more from a debt reduction, not from an interest perspective, so out of this Rs. 300-Rs. 350 crores, almost Rs. 130 crores will come through the sale of non-core assets and the balance you will be basically utilizing the free cash flow generation and just the conversion of stores, right?
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Analyst questions
Ashish Kanodia
Citi Bank
1Call
1Company
KALYANKJIL
All company callsKalyan Jewellers India Limited
Kalyan Jewellers India Limited CC-Dec23.pdf
31 Jan 2024