India’s highway construction projects are facing delays, impacting economic growth. Land acquisition, regulatory hurdles, and funding challenges are key factors. The government is working on solutions, including streamlining processes and exploring public-private partnerships, to speed up the projects and boost economic activity.
Constellation Brands, a leading beverage company, has revised its FY25 financial outlook, citing macroeconomic headwinds. Despite these challenges, the company anticipates solid beer sales growth and is seeing improvements in its wine and spirits sector.
India’s jewellery market is facing a slowdown in growth due to rising gold prices. Rating agency Icra predicts that value growth will moderate to 6-8% in FY25, down from 18% in the previous year. Consumers are postponing big-ticket purchases due to the price increase, leading to a decline in volume growth. Despite the subdued demand, large organized retailers are expected to continue expanding their store networks.
**LiveOne (LVO)** had a strong year with subscription and sponsorship revenue growth. The company anticipates further revenue growth in FY25, with a focus on its Audio Division and share buybacks. Here’s a summary of the key highlights:
– FY24 Revenue: $118.5M, Adjusted EBITDA: $14.4M
– Q4 FY24 Revenue: $30.3M, Adjusted EBITDA: $4.3M
– FY25 Revenue Guidance: $140M-$155M, Adjusted EBITDA: $16M-$20M
– Audio Division FY25 Guidance: Revenue: $130M-$140M, Adjusted EBITDA: $20M-$25M, Positive Cash Flow: $17M+
– Shared Repurchased: ~4M, $5M Remaining for Continued Repurchases
– Current Cash Position: $10.6M
LiveOne believes its stock is undervalued and will continue to focus on delivering results for shareholders.
