Q4 2024 Mallcom (India) Ltd Earnings Call Transcript
Key Points
- Mallcom (India) Ltd (BOM:539400) achieved a branded sales percentage of 41% during FY24, up from 36% in FY23, driven by rising demand in India, Middle East, and Southeast Asia.
- The company resolved supply chain issues for its garment unit, leading to higher turnover and productivity in Q4 FY24.
- Mallcom (India) Ltd (BOM:539400) commenced the second phase of expansion at Chandipur, West Bengal, setting up a new unit for manufacturing industrial safety shoes with a CapEx of INR20 crores.
- The company maintained a long-term rating of A with a stable outlook and retained its status as a three-star export house.
- Mallcom (India) Ltd (BOM:539400) reported its highest consecutive quarterly turnover of INR122 crores in Q4, resulting in a growth of almost 9% year-on-year.
- The company's operating revenue for FY24 showed flattish growth of almost 3% year-on-year.
- EBITDA for FY24 declined marginally by 1%, with an EBITDA margin of 13.72%.
- Net profit for FY24 was reported at INR36 crores, with an EBIT margin down to 8.63%.
- The company faces significant competition from unorganized players, which constitute 50% to 60% of the Indian market.
- Operating cash flow was lower due to increased working capital requirements, with higher inventory and debtors.
Ladies and gentlemen, good day, and welcome to the Mallcom India Limited Q4 and FY24 earnings conference call. (Operator Instructions). I now hand the conference over to Ms. Stuti Shah from Valorem Advisors. Thank you, and over to you, ma'am.
Thank you. Good morning, everyone. My name is Stuti Shah from Valorem Advisors. We present Investor Relations for Mallcom India Limited. On behalf of the company, I would like to thank you all for participating in the company's earnings call for the fourth quarter and financial year 2024.
Before we begin, let me mention a short cautionary statement. Some of these statements made in today's earnings call may be forward-looking in nature. Such forward-looking statements are subject to risk and uncertainties, which would cause actual results to differ from those anticipated. Such statements are based on management's beliefs as well as assumptions made by the information currently available to the management.
Audience is cautioned not to place any undue reliance on
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