Repro India Limited
2,428words
5turns
0analyst exchanges
0executives
Key numbers — 40 extracted
rs,
RS
703
1Million
10 Million
55%
₹70,000 crore
RS
3
Rs 126
Rs 116
Rs 106
Rs 87
25%
Guidance — 7 items
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opening
“WAREHOUSE INTEGRATION • A new project focused on optimizing supply chain operations through advanced technology.”
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opening
“In last 3 years the revenue from digital biz has grown @ 35% + CAGR and revenue share has increased to ~ 70%, hence reducing the impact of cyclicality in revenues seen historically due to Long-run print vertical… Digital Books per day @ 40209 : YoY growth @ 21% Publishers Onboarded 703: YoY growth @ 15%, Direct content in repository touch 1 million books: YoY growth @ 18%.”
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opening
“We expect to onboard more publishers in Q4 as well as increased revenue from this product in the coming quarter Highlights: Q3 FY25… Long-run Print vertical Q3 FY25 revenue @ ~ Rs 40 cr vs ~ Rs 22 in Q2 FY25 QoQ growth due to stabilization in K-12 segment as some clarity has emerged in NCERT syllabus finalization.”
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opening
“Expect momentum to continue in Q4 FY25 Gross Margins stable for Q3 FY25 ~ @ 45%.”
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“This is in range of 44 – 46% for last 8 quarters as product offerings across the supply chain (from Print services, content management, warehouse options & distribution across multiple channels) to publishers gives stability in pricing power… Q3 FY25 EBITDA @ ~ Rs 10.8 cr vs ~ Rs 5.22 cr QoQ.”
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opening
“# of Direct Publishers Potential market of ~ 5000 Publishers identified Digital Business – Direct content in our repository Focus on monetization of existing catalogue vs catalogue additions from existing publishers leading to QoQ growth in platform biz Direct Content ( # titles in Lakhs) Additional 8 mn titles via the exclusive partnership with Ingram Content Group Snapshot of – Q3 FY25 Revenue for the year flat as Long run print vertical has seen degrowth of 15% YoY.”
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opening
“Digital biz has grown 25% YoY Gross profit margins in stable range due to diversified product offerings across different geographies Snapshot of Q3 FY25 Operating Expenses as % of sales in control… EBITDA Margin Trends: Impacted due to de-growth in long run biz..”
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Risks & concerns — 1 flagged
In last 3 years the revenue from digital biz has grown @ 35% + CAGR and revenue share has increased to ~ 70%, hence reducing the impact of cyclicality in revenues seen historically due to Long-run print vertical… Digital Books per day @ 40209 : YoY growth @ 21% Publishers Onboarded 703: YoY growth @ 15%, Direct content in repository touch 1 million books: YoY growth @ 18%.
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Speaking time
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Opening remarks
IN PIPELINE
1 AMAZON UAE 2 CPI X GARDNERS 3 Bookvault x Paperback Shop 4 Walmart US/Canada SUPPLYCHAIN EFFICIENCY THROUGH TECH POINT OF CONSUMPTION Staying close to the point of consumption enables us to efficiently meet customer demands, ensuring quicker delivery and improved satisfaction.
REDUCE SLA
• Minimizes shipping and delivery times, ensuring faster fulfillment of orders. • Enhances customer satisfaction by meeting and exceeding expected delivery times.
REDUCE LOGISTICS COST
• Cuts down on transportation expenses by shortening the distance between warehouses and customers. • Lowers overall operational costs, leading to better pricing strategies.
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• Increases the likelihood of winning the Buy Box on all channels (function of SLA and selling price). • Boosts visibility and sales by offering competitive pricing and fast delivery. WAREHOUSE INTEGRATION • A new project focused on optimizing supply chain operations through advanced technology. • Utilizing technology to seamlessly connect to publisher warehouses, transforming them into strategic points of sale. • These connected warehouses function as darkstores, allowing us to fulfill orders directly without owning any physical inventory. • By leveraging publisher warehouses, we eliminate the need for owning inventory, reducing costs and risks. • This integration enables faster and more efficient order processing, improving customer satisfaction and operational agility. • Expanding our sales network without the overhead of traditional inventory management, driving growth and market reach. MICRO POD • Establishing MINI POD facilities across India improves our ability to serve regional
Opportunity
1) Monetisation – Distribution of dormant titles across India & abroad 2) Digitization / Translation – Majority of content is stored in non-digital format; regional replication is the next frontier Notes: [1] - International ISBN Agency and CERLALC, [2] - Repro Internal Market Research A Content Aggregator – Repro’s Catalogue Curated & Widest content repository in India – 0.9+ Mn direct titles & growing; 8Mn+ titles on tap via Ingram 1 8+Mn Via partnership The Widest array of Channels in India & Abroad RBL is format & channel agnostic, being able to monetize content across India & Abroad -- NON-EXHAUSTIVE -- Global + 33,000 more P-Books E-Books Audio Books Landmar k Repro D2C Institutes In pipeline Books on Demand… Anytime. Anywhere! The Future of the Publishing Industry is here!
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