Avenue Supermarts Limited CC-Jun24.pdf · 2024-07-30
Good afternoon, Neville and team. Hello?
Hi. So again, my question is on the store addition. If I look at your last few years conversation, even in the last conference call, you clearly mentioned that you test your team, yourself on a 15% number. But when we look at this number for last few years, it's trending below the 15% number. Now, we were presuming that this 15% number should at least start coming through from fiscal '25, given that there would be backlog of some delays, etcetera in fiscal '24, that should come through. But basis the initial conversation that we had so far, it seems like, we'll be again closer to 40, 45. So this is a little perplexing to me. And you mentioned that there will be delays, India factor, delays happen, but at least there should be a point of b reakout. It's not happening, Neville, for last few years, especially, last year was okay. There were issues last year. At least this year, we should have seen some signs of things improving on that store count number. And we should be doing, say, a 55 this year, 65 next year and 75 next year ballpark to be able to do a 15% CAGR number that you're talking about.