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Electronics Mart India Ltd (BOM:543626) posts its strongest quarter ever with 39% revenue growth, driven by a robust AC season and significant operational efficiencies.
Hyderabad-based Electronics Mart India is looking to diversify away from the technology hub as concerns grow that potential AI-triggered job losses could hurt consumer spending, a top executive said. The retailer gets about 60% of its revenue from Hyderabad, which hosts offices of global companies such as JPMorgan Chase and Eli Lilly, and Indian IT majors Wipro and Infosys. Around a fifth of its stores in Hyderabad are located in neighbourhoods where the majority of the residents are software employees.
Electronics Mart India Ltd (BOM:543626) reports a robust 15% revenue increase and strategic store expansion, despite challenges in product mix and regional competition.
Despite robust store growth and regional success, Electronics Mart India Ltd faces challenges with margins and inventory management.
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