SG Mart Q1 FY25 results (Apr–Jun 2024) and concall

SG Mart reported a slight sequential decline in Q1 FY25 revenue to ₹1,150 crores, primarily due to elections and raw material shortages. Despite this, volumes grew significantly QoQ. The management reiterated ambitious long-term targets, aiming for ₹50,000 crores revenue by 2030, driven by expansion in metal trading, service centers, and a branded distribution business. The call highlighted the strategic intent to fill gaps in India's unorganized steel trading sector and leverage the group's distribution network.