Mish Designs Limited Overview FY 23-24

In recent years, Mish Designs Ltd. has experienced remarkable growth across key performance metrics. Our success is fuelled by our expertise in fashion and manufacturing, deep understanding of our consumers, and keen focus on long-term trends.

Highlights of 2023-2024

- A staggering 74.26% Compound Annual Growth Rate (CAGR) since 2018
- Our Debt/Equity ratio is 0.16
- Mish is expanding its operations to Europe, with products expected to be available in 2024 across five countries: Germany, the Netherlands, Austria, Belgium, and Denmark. Customers in these countries can purchase Mish products on leading online platforms like Zalando, About You, and OTTO.

- Mish launched in the GCC countries on major e-commerce platforms, Styli, Namshi, Noon and Centrepoint.

- Mish solidified its retail presence as a premier partner for Nykaa Fashion, featuring at their Indiranagar store in Bangalore. Building on this success, we plan to leverage these insights to open three new stores in 2024.

Major plans finalised in 23-24 with execution starting 24-25

Mish is on the brink of establishing itself as a global brand. This transformation is supported by its strategic expansion into the GCC and European markets.

Additionally, Mish is evolving into an omnichannel brand with a significant milestone: the launch of its flagship retail presence at Nykaa Fashion's store in Indiranagar, Bangalore. This high-profile entry into one of India's premier fashion destinations marks a major step in Mish's retail strategy, enhancing its accessibility and visibility to a wider audience.

As Mish looks to the future, the brand stands as a testament to the transformative power of fashion. With a steadfast dedication to innovation, quality, and women's empowerment, Mish is poised for significant revenue growth.

Shares of Mish Designs Limited was last trading in BSE at Rs. 194.00 as compared to the previous close of Rs. 186.90. The total number of shares traded during the day was 9000 in over 9 trades.

The stock hit an intraday high of Rs. 196.20 and intraday low of 194.00. The net turnover during the day was Rs. 1762650.00.

Source : Equity Bulls

Keywords

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