Back to feeds
Devanand Siddhardha Gangeli
Stealth • 3h
researching FirstCry’s latest strategic moves, I find its ₹300 Cr investment in Digital Age Retail Private Limited (DARP) intriguing. While the expansion of modern stores is promising, the closure of 38 outlets raises questions was it just footfall or broader retail shifts? The reliance on IPO funds and internal accruals seems balanced, but does it signal financial caution? Internationally, slow growth and rising competition in UAE/KSA pose challenges. CEO Supam Maheshwari’s confidence is reassuring, yet how will FirstCry differentiate itself from new entrants? The 9.87% stock drop hints at market skepticism can they sustain profitability amid these headwinds?
Replies (1)
Download the medial app to read full posts, comements and news.