Q2 2025 Bajaj Electricals Ltd Earnings Call Transcript
Key Points
- Bajaj Electricals Ltd (BOM:500031) has established an Apex committee to make key strategic decisions, indicating a strong leadership structure.
- The company has seen a significant growth in its Morphy Richards brand, registering higher double-digit growth for three consecutive quarters.
- Despite a flattish quarter, Bajaj Electricals Ltd (BOM:500031) continues to generate positive operating cash flow, ending the quarter with surplus funds of INR378 crores.
- The Lighting Solutions business reported an improvement in EBIT margins, increasing to 6% from 5.6% in the previous year.
- The company has improved logistics costs and is working on further reductions, which could enhance future profitability.
- Bajaj Electricals Ltd (BOM:500031) reported a flattish quarter with minimal revenue growth of 0.05% compared to the previous year.
- The Consumer Products business experienced a marginal growth of 1.2%, with specific challenges in the fans and kitchen appliances segments.
- The company's CP EBIT margins have decreased significantly to 1% from 4.8% in the previous year, impacted by adverse operating leverage.
- There has been a temporary reduction in government CapEx due to elections, affecting the lighting business.
- The company has faced increased competitive intensity, particularly in the lower price segments, impacting market share in fans and appliances.
Ladies and gentlemen, good day, and welcome to Bajaj Electricals Q2 FY25 Earnings Conference Call hosted by JM Financial. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Deepak Agarwal from JM Financial.
Thank you, and over to you, sir.
Yes. Hi, everyone. Good evening. On behalf of JM Financial Institutional Securities, I welcome you all to Q2 FY25 Earning Conference Call of Bajaj Electricals Limited. Today, we have with us management represented by Mr. Shekhar Bajaj, Chairman; Mr. E.C. Prasad, CFO; Mr. Vishal Chadha, CEO of Consumer Products; Mr. Rajesh Naik, CEO, Lighting Solutions.
Without taking much of your time, I will now like to hand over the floor to the management for their opening remarks, post which we'll open the floor for Q&A. Thanks, and over to the management.
Thank you very much. Good evening, ladies
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