Talwalkars Better Value Fitness Ltd.

NSE: TALWALKARS | BSE: 533200 | ISIN: INE502K01016 | Industry: Other Leisure Facilities
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ICICI Securities Limited
Revenues increased 13.2% YoY to | 57.4 crore (vs. I-direct estimate: | 60.3 crore) mainly led by improvement in same store sales growth (SSS) of 7.5% YoY and consolidation of Power World Gyms EBITDA margin increased 159 bps YoY to 43.8% (vs. I-direct estimate: 43.0%) due to a rise in share of value added services. As a result, PAT broadly remained in line with our estimates Organic, inorganic expansions driving growth In FY16, the company acquired power world gyms (10 gyms) in Sri Lanka,...
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