Earnings Call Transcript
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Awaiting price reaction for this filing.
TradeUNO reported H1 FY26 revenue of ₹57.23 crore (up 4.44% YoY) and PAT of ₹8.31 crore (up 60% YoY), with EBITDA margins expanding sharply from 13.5% to 21.4% and PAT margins from 9.4% to 14.5%. The company guided for FY26 revenue of ₹147-150 crore (30% CAGR) and PAT of ₹18-20 crore (60%+ CAGR). Management outlined plans to open ~10 large experience centers over the next 2.5 years across Lajpat Nagar, Chandigarh, Old Gurgaon, Dubai, and Bangladesh, each spanning 8,000-10,000 sq ft. They also disclosed a large customer engagement with a ₹3,000 crore revenue, 225-store company, targeting ₹100 crore from it this year. IPO proceeds will be deployed over the next 45 days for imports from China/Singapore, store expansion, tech, and working capital, with debt limits set to expand from ₹9.5 crore to ₹25 crore.
Positive near-term: strong margin expansion and PAT growth despite modest revenue growth signal pricing power and operational efficiency. The ambitious store and product-mix expansion plan (B2C rising from 13-14% to 20-25% by 2028) is a key growth catalyst, but execution risk and the temporary working capital stretch (68 to 97 days) due to US tariff pressures warrant close monitoring.