Aditya Vision (540205) Q1 24/25 earnings summary

Executive summary

• Achieved 39% year-over-year revenue growth in Q1 FY25, driven by strong summer demand and store expansion.

• Net profit grew 42% year-over-year, outpacing revenue growth, with improved operational efficiency.

• Opened five new stores, bringing total count to 150 as of June 30, 2024.

• Financial results for the quarter ended June 30, 2024, were reviewed and approved by the Audit Committee and Board of Directors on July 29, 2024.

• Results prepared in accordance with Indian Accounting Standards and reviewed by independent auditors.

Financial highlights

• Q1 FY25 revenue: Rs 888.8 crore, up 39% year-over-year and 137% sequentially.

• EBITDA: Rs 85.1 crore, up 34% year-over-year; EBITDA margin at 9.6%.

• Net profit: Rs 53.0 crore, up 42% year-over-year; PAT margin at 6.0%.

• Diluted EPS: Rs 41.07, up from Rs 31.11 in Q1 FY24.

• Interest expense declined 24% year-over-year.

Outlook and guidance

• Targeting 20–25% revenue CAGR over the next 3–5 years, focusing on scaling in the Hindi heartland.

• Plans to reinvest growth capital and cash flows at high ROIC.

• Emphasis on expanding mid and premium-priced categories to improve per-store economics.