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Revenue from Operations: INR 52.4 crore for Q2, a growth of 1% over the corresponding quarter last year.
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Stand-alone Loss After Tax: Negative INR 10.7 crore for Q2, compared to a loss of INR 36.5 crore in Q2 FY24.
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Clinic Business Growth: 5% growth over Q2 FY24.
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Product Business Revenue Growth at Clinics: 4% over Q2 FY24.
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Hair Care Product Growth: 183% increase.
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Body Care Product Growth: 57% increase.
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Sun Care Product Growth: 20% increase.
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Services Business Revenue Growth: 5% increase, driven by Body, Hair Care, and Anti-Ageing categories.
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Body Category Growth: 40% increase versus Q2 last year.
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Anti-Ageing Category Growth: 12% increase.
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Hair Care Services Growth: 19% increase versus Q2 last year.
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ATS Growth: 1% increase.
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NPS Score: 87% for Q2 FY25.
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New Clinics Launched: Two new clinics in Pimple Saudagar, Pune, and Sunview, Ludhiana.
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Clinics Relocated: Four clinics relocated in Kolkata, Delhi, Ludhiana, and Bangalore.
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Clinics Renovated: Four clinics renovated in Q2.
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Loss from Discontinued Operations: INR 4.7 crore recognized during the quarter.
Release Date: October 28, 2024
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Kaya Ltd (BOM:539276) reported a 5% growth in its clinic business and a 4% growth in product business at clinics over the previous year.
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The Hair Care category saw a significant growth of 183%, while Body Care and Sun Care grew by 57% and 20%, respectively.
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Kaya Ltd launched two new clinics in Pune and Ludhiana, both receiving high customer ratings.
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The company invested in 29 new dermatology machines to enhance customer experience and service outcomes.
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Kaya Ltd was recognized as one of the 2024 Avtar and Seramount 100 Best Companies for Women in India for the fifth consecutive year.
Negative Points
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Kaya Ltd reported a stand-alone loss after tax of INR10.7 crore for the quarter.
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The company recognized a loss of INR4.7 crore from discontinued operations during the quarter.
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There is uncertainty regarding future impairment losses related to the pending sale of Kaya DMCC.
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The customer count has declined, with existing customers decreasing despite new customers growing in double digits.
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Corporate costs, including marketing and back-office expenses, account for 25% of the company's top line, indicating high overhead.
Q & A Highlights
Q: Can you provide a like-to-like revenue comparison for the current year versus last year, excluding the subsidiaries sold off? A: Yes, the consolidated financials now reflect a like-to-like comparison, which is essentially the stand-alone entity. You should compare the current consolidated figures with last year's stand-alone numbers. - Arihant Dhariwal, CFO