Q1 2025 Orient Bell Ltd Earnings Call Transcript
Key Points
- Orient Bell Ltd (BOM:530365) achieved a 4% growth in volumes despite sluggish domestic demand and postponed exports.
- The company maintained its gross margins through cost-saving initiatives, including a smart fuel mix and rate negotiations.
- Net sales increased by 2.8% year-over-year, reaching INR147.2 crores.
- The GVT (Glazed Vitrified Tiles) portfolio saw significant growth, with a 54% increase over the previous year's Q1.
- The company's marketing efforts, including a TV campaign and investments in news channels, have driven brand awareness and contributed to a 50% increase in brand awareness.
- The quarter experienced top-line pressure due to sluggish domestic demand and postponed exports.
- Higher trade discounts were necessary to stay competitive, impacting the overall ASP (Average Selling Price).
- The company reported a PAT (Profit After Tax) loss due to higher marketing spends and increased depreciation and finance costs.
- Working capital requirements increased to support ongoing sales initiatives.
- The Dora GVT plant is not yet operating at expected utilization levels, indicating room for improvement.
Ladies and gentlemen, good day and welcome to the Orient Bell Limited Q1 FY25 earnings conference call. (Operator Instructions)
Please note that this conference is being recorded.
We have with us today on the call from the management from Orient Bell Limited, Mr. Aditya Gupta, Chief Executive Officer and Mr. Himanshu Jindal, Chief Financial Officer along with Stellar IR Advisors. The management will be sharing key updates and financial highlights for the quarter ended June 30, 2024, which will be followed by a question-and-answer session.
Please note that some of the statements made in today's discussion may be forward looking in the nature and may involve risk and uncertainties. Orient Bell Limited will not be in any way responsible for any actions taken based on such statement and undertakes no obligation to publicly update this forward-looking statement. Documents relating to the company's financial performance are available on the website of the stock exchanges and the company investor section.
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