Stockrabit · Analysts
Questions across 2 calls

Rahul Jain

Firm not listed in source transcripts

ETERNAL LIMITED

ETERNAL LIMITED CC-Jun24.pdf · 2024-08-01
Congrats on the strong performance. Just curious to understand, is there any specific reason for highlighting the need to increase the store count from 1,000 to 2,000 right away? Is there any insight into why we need so many stores? Is it because the average MTC per store is not expanding significantly, and that's why we need to address a larger audience by significantly expanding the store base? Or do you see a gap in the number of ordering frequency per household in an area, which would mean that addressing a larger audience becomes critical to growth rather than expanding in the same space?
This MTU (MTC) per store metric of achieving 11,000-12,000, is this good given the kind of radius and density that you cater to for a particular store? Or is there a specific benchmark that is considered ideal?

SRF Limited

SRF Limited CC-Sep23.pdf · 2023-10-30
The way we look at it is Rohit, there have been some volume negative that we saw in Q2. Now when we are looking at it from that perspective, there is some pickup that is likely to happen. Some of the orders from the customers have kind of got delayed. And that is the volume pickup we are talking about in Q3 and Q4 coming through. So that is the existing products. Also, you would remember that over the last, I think, 6 months or about 12 months, the major capital expenditures have been positioned. My sense is it would probably be (including the MPP and the PIP ) about INR 800 crores – INR 900 crores. So, some of the positive on the new products that we have launched that we have talked about, also should come through in Q3. But the majority of those will probably come in FY25. So that is how we would look at it.
I do not think the position on that has changed, Rohit. I think FY24, our total capex including land, is roughly likely to be about INR 2,900 crores to INR 3,000 crores. If that land come s through, which we are estimating to be in the range of about INR 400 crores to INR 450 crores, that would be the total capex. 80% -85% of that capex would be chemicals business and the balance would be others. So that is how it is still structured. I do not think that has changed even one bit.