SMC Global Securities Limited

❌BIGGEST MISTAKES 1️⃣U.S. Airlines (Multiple bets, sold in 2020) ✈️Buffett once swore off airlines Then he bought Delta, United, American & Southwest But COVID-19 crashed travel Sold all at a loss Quote: “The world has changed for the airlines” 👉 Lesson: Structural risks https://t.co/Vu7azJgjdq

🧾 Kotak Mahindra Bank Q4 Results Out Now! 📉 Net Profit falls 14% YoY to ₹3,552 Cr 📈 Net Interest Income (NII) grows 5% YoY to ₹7,284 Cr 💸 Final Dividend of ₹2.50 per share recommended #KotakMahindraBankQ4Results #Q4Results #EarningsGrowth #Q4FY25 #Q4Results #PrivateBank https://t.co/GyijneajMe #KotakMahindraBankQ4Results #Q4Results #EarningsGrowth #Q4FY25 #PrivateBank

🚨 SBI Q4 FY25 Results Announced! 📉 Profit slips 10% YoY → ₹18,643 Cr 💹 NII grows 3% YoY → ₹42,775 Cr 💰 Dividend Alert: ₹15.90 per share #SBIQ4Results #Q4Results #EarningsGrowth #Q4FY25 #Q4Results #StateBankofIndia #FY25Results #StockMarket #EarningsSeason https://t.co/5OnHmPbrOq #SBIQ4Results #Q4Results #EarningsGrowth #Q4FY25 #StateBankofIndia #FY25Results #StockMarket #EarningsSeason

7️⃣Real Retail Growth = Store + Revenue Don’t get fooled by top-line. Look at: ✅SSSG vs. new store revenue ✅PSF (Sales/Sq. Ft.) vs. store count ✅Tier 2/3 city expansion 👉 Example: V2 Retail had 24% SSSG vs. V-Mart’s 8%—that’s alpha.

9️⃣What to watch while investing Ask these before buying any retail stock: ❓Is SSSG improving? ❓What’s the PSF vs. peers? ❓How leveraged is the balance sheet? ❓Are they entering Tier 2/3 cities? ❓Private labels or just reselling? ❓Digital + Offline mix? 👉The best

Segments Revenue: 📍Madura Fashion & lifestyle = ₹7,794 Cr 📍Pantaloons = ₹4,328 Cr 📍 Ethnic and Others = ₹2,190 Cr FY30 Target: 2x–7x growth in all segments. 👉 Lesson: Premiumisation + Diversification = Long-term compounder

6️⃣Size is a moat in Retail In this business, scale = survival. Larger players benefit from: ✅Better vendor terms ✅Lower logistics cost ✅Higher brand recall ✅Faster breakeven 👉 Unique insight: “Market share is the only real moat in retail”

And that’s a wrap! If this helped you understand the retail sector better, RT & follow for more deep dives into stocks, sectors & strategy.

Track these: 📌 Debt-to-Equity 📌 Lease Liabilities (IndAS 116) 📌 Cash Conversion Cycle 📌 Capex-to-Sales = Asset-light vs. Asset-heavy 👉 Lesson: Asset-light, low-debt retailers scale better in downturns.