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Investor Presentation

Cello World Investor Presentation: Key Takeaways

Q2 FY27 revenue ₹633 Cr (+7.8% YoY), EBITDA margin 21.3%, PAT ₹81.9 Cr (-10% YoY). Focus on input-cost inflation, festive demand shifting into Q3, and Rajasthan steel bottle ramp-up.

Highlights
Revenue growthQ2 revenue +7.8% YoY; H1 +4%
MarginsGross margin 50.2%, +70bps YoY; EBITDA margin 21.3% vs 24.0%
Demand visibilityFestive demand shifted Q2 to Q3 FY27
Management confidenceExpects improvement over coming quarters; no numbers

Growth

Q2 revenue +7.8% YoY and +20.2% QoQ; gross margin 50.2% (+70bps YoY). EBITDA ₹135 Cr (-4% YoY); PAT -10%. H1 revenue ₹1,160 Cr (+4%).

Outlook

No numeric guidance given. Rajasthan steel bottle plant ramps through H2 FY27, with SKU expansion. Management expects business performance to improve over coming quarters.

Risks

West Asia conflict is inflating polymer, fuel, gas and packaging costs. Low-priced imports pressure several categories. Festive gifting demand shifted from Q2 into Q3.

Last quarter's promises, checked

Delivered

  • WI growth led by Cello brand → Q2 WI 'strong', % undisclosed (= BEAT)

Partly delivered

  • Steel SKUs 20-25 → 50-55 in 2 qtrs → ramp through H2 FY27, SKUs undisclosed (= PARTIAL)
  • Capex 'nothing major' → H1 investing outflow ₹227.3 Cr, split undisclosed (= PARTIAL)

Missed

  • Q2 festive pickup → Q2 rev +7.8% YoY; festive shifted to Q3 (= MISS)
  • Numeric guidance next qtr → none given (= MISS)
  • CW GM 54-55%, improving → co. GM 50.2% vs 52.4% Q1 (= MISS, proxy)
Source

Investor Presentation filed with BSE, NSE: CELLO. Summary written with AI assistance from the document.

Read the document ↗

Cello World Ltd: key numbers

Share price
₹372.20
Market cap
₹8,221 Cr
Revenue (annual)
₹2,324 Cr
Net profit (annual)
₹331.5 Cr
P/E (TTM)
26.3×Sector 44.4×
Promoter holding
73.50%-1.50% QoQ
FII holding
2.03%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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