Please share your thoughts on this lesser know future group company, Here are some few points-
Praxis Home Retail ltd. a.k.a HomeTown ( A Future Group Co)
Market cap 450 cr
Demerged and listed on Jan 31 2018 from Parent Future Retail (Market cap - 25000 Cr)
Business - Furniture, Home improvement, Decor, Furnishings, Kitchenware.
Q1 Numbers - 158 Cr Turnover, Not in Profits yet.
Presence in -
Brick & Mortar - As HomeTown in 50 Cities in india.
E-commerce - www.hometown.in
Market Size and Forecast
- 20bn$ Furniture industry with 90% unorganized (Play for unorganized to organized)
-The market is expected to expand at a CAGR of 12.91% during the forecast period of 2016-2023. India furniture market growth is driven by various attributes such as rising trend for modular and state of the art furniture among the population living in urban cities, growing urbanization in Indian states, rising demand for durable and hybrid seating furniture. Moreover, the rising growth of wood industry in India further compensates the price of furniture. On the back of these factors the furniture industry is expected to propel in India. Further, the rising trend of online and mobile shopping in India is envisioned to bolster the demand for furniture through online channels.
- Aadi Financial AdvisorsLLP (Akash Bhanshali) holds 2.84 % stake as of June quarter 2018.
-Promoters holds 56.84% stake and have increased stake by 10% in last 1 quarter in open market purchase.
Disc- Not yet Invested