Notes from ConCall (Q1FY17) : Please pitch in to add/correct as per your notes -
- Tax is down due to Operations from SEZ and DTA (???) loss recognition for US business.
- Operating cash flow of 20Cr. is nullified due to increase in inventory and Increase in EMI pool.
- EMI’s contribute to 23% of sales and returns are at around 19%.
- Website with Hybris 5.7 is launched. It’s a more responsive website which adjust as per the gadget (iPad, Phone etc.)
- TV segment revenue from US business might be impacted (5~7%) due to elections.
- E-Commerce capable App (iOS and Android ) to be launched in H2.
- Plan to reduce ASP to around 25 to drive volume growth.Lower ASP also leads to lower returns.
- Easy Pay EMI to be introduced on Web as well from end of this Qtr or early next Qtr.
- Competitor JTV growing at double digit…Competitive Intensity to stay at higher level.