ALFA Finder| Management target | Revenue 60.0% FY27 |
|---|
| Revenue growth | 63% YoY Q4 growth; 10th consecutive quarter of revenue expansion. |
|---|---|
| Margins | EBITDA margins stable at 14.1% despite higher raw material costs. |
| Demand visibility | Strong digital demand across Tier-2/3 cities via marketplace partnerships. |
| Management confidence | High optimism tempered by defensive explanations of fire incidents and debt. |
Growth
Revenue surged 63% YoY in Q4; premium international brand licensing is the core growth engine.
Outlook
Management guides to maintaining current 60% revenue growth pace into FY27 through 'test and scale' model.
Risks
Extreme working capital intensity with 120-day receivables; repeat fire incidents suggest potential operational control lapses.
Last quarter's promises, checked
Delivered
- Guided 60%+ growth → delivered 63% Q4 / 58% FY26 revenue growth (= BEAT)
- Guided ROCE accretive growth → delivered 22.31% ROCE (= BEAT)
- Guided premiumization → delivered material costs down 58% to 52% (= BEAT)
Partly delivered
- Guided inventory optimization → delivered 120-day holding period (= PARTIAL)
- Guided retail expansion → closed stores to focus on online organic growth (= PARTIAL)
Missed
- Guided debt reduction → delivered debt-to-equity at 0.3-0.4 due to fire (= MISS)
Earnings Call Transcript filed with NSE, NSE: THOMASCOTT. Summary written with AI assistance from the document.
Thomas Scott (India) Ltd: key numbers
- Share price
- ₹301.80
- Market cap
- ₹448.3 Cr
- Revenue (annual)
- ₹254.9 Cr
- Net profit (annual)
- ₹19.30 Cr
- P/E (TTM)
- 21.2×Sector 48.2×
- Promoter holding
- 51.68%-0.64% QoQ
- FII holding
- 0.36%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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