Q1 2025 Cera Sanitaryware Ltd Earnings Call Transcript
Key Points
- Cera Sanitaryware Ltd (BOM:532443) reported revenues of INR398 crores and profit after tax of INR47 crores for Q1 FY '25.
- New product development accounted for 32% of total sales in the last quarter, indicating a focus on innovation.
- The company has successfully expanded its faucetware facility, increasing monthly production capacity from 3 lakh to 4 lakh pieces.
- Cera Sanitaryware Ltd (BOM:532443) has a strong cash position with cash and cash equivalents standing at INR864 crores as of June 30, 2024.
- The company has initiated a buyback of its fully paid equity shares at INR12,000 per share, amounting to INR130 crores, reflecting confidence in its financial health.
- Revenue from operations declined by 6.8% YoY, from INR427 crores in Q1 FY '24 to INR398 crores in Q1 FY '25.
- EBITDA margins decreased by 150 basis points, from 19% in Q1 FY '24 to 17.5% in Q1 FY '25, due to lower fixed cost absorption and higher discounts.
- Profit after tax decreased by 16.1% YoY, from INR56 crores in Q1 FY '24 to INR47 crores in Q1 FY '25.
- The company experienced subdued demand across key markets, driven by intense heat-wave conditions and the effects of general elections.
- Inventory days increased from 74 days to 75 days, indicating potential inefficiencies in inventory management.
Ladies and gentlemen, good day, and welcome to the Q1 FY '25 earnings conference call of Cera Sanitaryware Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Mayank Vaswani of CDR India. Thank you, and over to you, Mr. Vaswani.
Thank you, Michelle. Good morning, everyone, and thank you for joining us on the earnings conference call for Cera Sanitaryware Limited to discuss the Q1 FY '25 earnings, which were announced yesterday. We have with us today the management team comprising Mr. Vikas Kothari, CFO; and Mr. Deepak Chaudhary, Vice President, Finance and Investor Relations at Cera Sanitaryware.
We will start with brief opening remarks from the management, following which we shall open the call for Q&A. A quick disclaimer before we begin. Some of the statements made in today's conference call may be forward-looking in nature, and a detailed note in this regard is contained in the results documents that have been shared
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
