FAZE THREE LTD
#Q1FY23
U.S. Retail Slowdown? Wat?
๐Rev. up 47% yoy
147crs vs 97crs
GM 55% vs 52.23%
Ebitda up 49%
EBitda Margin 16.69% vs 16.45%
Pat up 61%
Pat margin 9.93% vs 9.10%
EPS 6 vs Rs.3.74
There is some impact of slowdown but still they will be able to manage it
#Q1FY23
U.S. Retail Slowdown? Wat?
๐Rev. up 47% yoy
147crs vs 97crs
GM 55% vs 52.23%
Ebitda up 49%
EBitda Margin 16.69% vs 16.45%
Pat up 61%
Pat margin 9.93% vs 9.10%
EPS 6 vs Rs.3.74
There is some impact of slowdown but still they will be able to manage it
#FAZETHREE #HOMETEXTILES๐งต
Q1FY23
๐Very +ve commentary from Faze3 Mgt.
- H1 is weak for them due to seasonality despite that they managed to keep topline near Q4 levels
Growth in FY23 Over Fy22 is done deal
-Order Visibility has settled from Euphoric Levels to positive
Q1FY23
๐Very +ve commentary from Faze3 Mgt.
- H1 is weak for them due to seasonality despite that they managed to keep topline near Q4 levels
Growth in FY23 Over Fy22 is done deal
-Order Visibility has settled from Euphoric Levels to positive
๐ช-New products orders are unaffected despite slowdown
-Polyester prices are yet to cool off
๐Feel there is more noise on demand slowdown /recession & expect high demand in FY24/FY25
๐ฒ- Majority of its products are priced between $10-25/piece. Demand is resilient for them
-Polyester prices are yet to cool off
๐Feel there is more noise on demand slowdown /recession & expect high demand in FY24/FY25
๐ฒ- Majority of its products are priced between $10-25/piece. Demand is resilient for them
CAPEX PLANS๐๏ธ
-All the plans of nearly Trebling (3x) its current capacity are on track
-All the capex to be funded from internal accruals
-Additionally they r inc. investments in their subsidiary by 12crs for mfg outdoor mats based on business visibility
Rev. potential - 80crs
-All the plans of nearly Trebling (3x) its current capacity are on track
-All the capex to be funded from internal accruals
-Additionally they r inc. investments in their subsidiary by 12crs for mfg outdoor mats based on business visibility
Rev. potential - 80crs
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