Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 FY27 consolidated revenue grew 12.2% to INR730 Cr; EBITDA up 15.9% to INR198 Cr; EBITDA margin improved to 27.1% - PAT grew 11-12% to INR77 Cr; PAT margin stable at 10.6% - E-commerce grew 12% in Q2, contributing 14.2% of revenue; focus on omnichannel integration - Store network at 1,053 with net 12 store additions in Q2; selective profitable store expansion - New brands Clarks, Foot Locker, FILA facing supply/BIS challenges; expansion paced with product availability - Raw material inflation 10-15%; price hikes taken around 2-5% to offset cost - Staff costs rising due to wage revisions; expected 0.5-1% increase in front-end staff costs - Inventory elevated due to front-loading and new brand expansion; normalization expected by mid to end FY28 - Medium-term PAT margin target 13-15%; H2 FY27 expected better than H1 - Marketing spend around 4% of sales, steady going forward - Capex guidance INR80-100 Cr for FY27 including remodels