Q1 2025 Bajaj Electricals Ltd Earnings Call Transcript
Key Points
- Bajaj Electricals Ltd (BOM:500031) reported sequential improvement in profitability compared to the previous quarter.
- The consumer products vertical demonstrated revenue growth after four quarters, with successful price hikes and streamlined discounting schemes.
- The lighting solutions business achieved double-digit EBIT margins and consistent margin expansion.
- Cash from operations in Q1 was INR155 crores, reflecting strong operational excellence and a robust balance sheet.
- The company has a strong liquidity position with surplus cash of INR442 crores as of June 30, 2024.
- The kitchen appliances segment continues to struggle due to sluggish rural demand and the need for premiumization.
- Despite improvements, the EBIT margins for the consumer products business have not improved year-over-year.
- The company faces challenges in the logistics function, impacting service levels and sales.
- Competitive intensity in the market is increasing, particularly in the kitchen appliances segment.
- The company's historical focus on low price points and rural markets has been a disadvantage in the current market environment.
Ladies and gentlemen, good day, and welcome to Bajaj Electricals Q1 FY25 conference call hosted by ICICI Securities. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Aniruddha Joshi from ICICI Securities. Thank you, and over to you.
Yeah, thanks Aditya. On behalf of ICICI Securities, we welcome you all to Q1 FY25 results conference call of Bajaj Electricals. We have with us today senior management represented by Mr. Shekhar Bajaj, Chairman; Mr. Anuj Poddar, Managing Director and CEO, Mr. EC Prasad, CFO; Mr. Vishal Chaddha, COO Designate Consumer Product; and Mr. Rajesh Naik, (technical difficulty) initial comments on the quarterly performance, and then we will open the floor for question-and-answer session. Thanks and over to you, sir.
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