Q4 2024 Pakka Limited Earnings Call Transcript
Key Points
- Pakka Ltd (BOM:516030) reported a 1% increase in PBT compared to the previous year, indicating improved profitability.
- The company achieved the highest ever production in the wrap and carry segment, with a 4% increase from the previous year.
- Significant progress has been made on the international front, including the near completion of basic engineering for the new facility in Guatemala.
- Pakka Ltd (BOM:516030) has added new products to its portfolio, including a unique 22-gram wrap made from non-recycled fiber, positioning it as the only producer in India.
- The company has initiated a strong leadership development plan and aims to improve its net promoter score, reflecting a focus on customer satisfaction and internal growth.
- The market conditions have been challenging, with conflicts in the Middle East and the ongoing Ukraine war impacting business operations.
- There has been a significant increase in cheaper imports, rising from 19% in 2022 to 47% last year, affecting domestic market dynamics.
- The FMCG sector has shown slower movement due to international conflicts and domestic imbalances, impacting overall demand.
- The company faced a goodwill write-off of INR4.08 crores and ESOP expenses of INR3 crores, which affected profitability.
- Despite the progress, the company refrained from providing revenue projections for the upcoming year, indicating uncertainty in achieving financial targets.
The recording has been started.
So can we start, Ved? So good morning, everyone, and welcome to the investor call for the last quarter of the financial year of FY23/24. Good morning to everyone.
I would like to introduce our team leadership here, Mr. Ved Krishna, who is the Vice Chairman; Mr. Jagdeep Hira, who is the Managing Director; Mrs. Neetika Suryawanshi, who's the CFO; Mr. Satish ChamyVelumani, who is the Business Head for compostables division; Mr. Ramjee Subramanian, who is the Innovation Head, Mr. Sachin Srivastava, who is the Company Secretary. And I'm Pranay Pasricha; I am the Brand Head for the company.
So I request everyone to be on mute. We'll start with a presentation, and we'll proceed towards question-and-answer rounds thereafter. So I will start with my presentation in just a second. Is my screen visible?
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