Multibagger stock that has delivered 238 percent in three months since its listing jumped 5 percent in the day’s trade after it announced the launching of its new premium brand and roadmap for its future expansion and operations.
At 2:45 p.m the shares of Cellecor Gadgets Limited were trading at Rs. 307.60, up 2.86 percent from its previous day’s close price of Rs. 299.05 and its market capitalization is Rs. 627 Crores. It has delivered multi-bagger returns of 238 percent since three months from its listing.
Cellecor Gadgets Limited is engaged in the business of procurement, branding, and distribution of televisions, mobile phones, Smart Wearables, mobile accessories, smart watches, neckbands, and many more.
Cellecor Gadgets Limited has announced its expansion plans to launch a trend-setting premium brand. Its new premium brand shall be a full range of innovative, technologically advanced, sophisticated, elite-class products to cater to the growing demand and diverse needs of all sorts of people.
The new premium line is set to be launched early next financial year, it includes products such as Smart TVs, Smartwatches, Earbuds, Smartphones, and many more.
With a precise plan to unveil its Premium Range of products in a phased manner with product development and rollout, to provide a glimpse into the brand’s future it has released a road map to accomplish as said and it is as follows
In FY2024-25, Cellecor Gadgets’ Premium Brand initial launch shall target Tier 1 tech-savvy markets, introducing 40 crores Smart TVs, 30 crores Smartphones, 20 crores Smartwatches, and 10 crores Earbuds. This precision penetration will set the stage for our premium gadgets, ensuring a seamless blend of innovation and sophistication for discerning consumers.
In FY2025-26, As the brand gains momentum, the subsequent expansion in FY 2025-26 unfolds globally, reaching 100 crore Smart TVs, 75 crore Smartphones, 50 crore Smartwatches, and 25 crore Earbuds. Cellecor’s premium experience will resonate across diverse markets, captivating a broader audience with cutting-edge technology
In FY2026-27, Cellecor aims for unprecedented heights, launching 200 crore Smart TVs, 150 crore Smartphones, 100 crore Smartwatches, and 50 crore Earbuds.
The brand’s sustained brilliance paints a global landscape, solidifying its position as a leader in the premium gadget industry and Cellecor Gadgets’ journey shall continue, promising an unparalleled fusion of technology and lifestyle across the globe.
The company’s revenue from operations grew 117.95 percent from Rs. 121.29 Crores in FY22 to Rs. 264.35 Crores in FY23, accompanied by increasing profits of Rs. 2.14 Crore to Rs. 7.97 Crore.
Written by: Bharath K.S
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