Cello World Share Price In Focus; Q2 FY25 PAT Up 2%

On November 13, 2024, Cello World, a leading player in the consumerware market, reported a marginal growth in its revenue and profits as the writing Instruments business de-grew by 8% mainly due to lower exports.

Cello World Margin and Outlook

In the quarter, EBITDA amounted to ₹131.9 crore, a 1% increase from ₹130.9 crore in Q2 FY24. The EBITDA margin also saw a marginal rise, reaching 26.9% compared to 26.8% in the same period last year.

In the revenue breakdown, the consumer ware segment generated ₹342.1 crore, reflecting a 5% year-on-year growth. Revenue from writing instruments was ₹69.8 crore, showing a 15% decline YoY, while revenue from moulded furniture and related products reached ₹78.2 crore, down 2% YoY.

“Looking ahead, the second half of FY25 has started on a positive note, with strong sales momentum in October. Given the solid off-take in the early part of the Q3 due to the robust festive season demand, we remain confident in our ability to achieve mid teen growth for FY25,” said Mr. Pradeep Rathod, Chairman and Managing Director, Cello World.

The company has commissioned a glassware manufacturing facility in Falna, District Pali, Rajasthan, with an estimated annual capacity of 20,000 metric tonnes. The plant has begun trial runs, with commercial production expected to start soon.

Cello aims to increase production and launch several new products. Having been in the glassware sector since 2017, the company plans to reduce its dependence on imported glassware with this new facility.

Cello World Share Price Performance

On November 13, 2024, Cello World share price traded 3.39% lower at ₹815 at 2:00 PM. It opened at ₹839 on NSE.

About Cello World

Cello World Limited is a leading brand in India’s consumerware market, with a strong presence across various categories, including consumer houseware, writing instruments, stationery, moulded furniture, and glassware. The company operates 14 manufacturing units across six locations in India, enabling it to produce a wide variety of products in-house.

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