EPACK Durable Revenue and EBITDA Zoomed 77%: Focus on Expanding Footprint

EPACK Durable Limited, India’s leading original-design manufacturer of room air conditioners and other small domestic appliances, reported robust financial results for the quarter ended June 30, 2024 (Q1 FY25).

Revenue and Profitability Surge

The company witnessed a remarkable 77% year-on-year (YoY) increase in revenue, reaching ₹7,737 million in Q1 FY25. This significant growth was driven by the successful commissioning of the Sricity plant, the acquisition of new customers, and the launch of innovative products.

Complementing the top-line growth, EBITDA soared by 77% YoY to ₹517 million, demonstrating the company’s ability to translate increased sales into profitability. The operational efficiency gains realised through the Sricity plant played a pivotal role in enhancing margins.

Product Focus and AC Dominance

The product business continued to be the core driver, contributing a substantial 98% to total revenue in Q1 FY25. Within this segment, air conditioners (ACs) emerged as the star performer, accounting for 86% of product revenue and registering an impressive 82% YoY growth.

Management View

Management foresees new business opportunities with diversified new and existing customer base. With additional capacities with fully backward integration, the company is positioned in the RAC, Small Home Appliances and their components. The Company is located uniformly across PAN India to cater to its customers’ requirements.

Strategic Acquisition to Boost Growth

In a strategic move to strengthen its market position, EPACK Durable announced plans to increase its stake in associate company Epavo Electricals Private Limited from 26% to 50%. This acquisition, subject to board approval of the JV Partner, aims to foster a deeper partnership and explore potential joint venture opportunities.

About EPACK Durable Limited

EPACK Durable Limited is the second largest room air conditioner Original Design Manufacturer (ODM) in India, in terms of the number of indoor and outdoor units manufactured in FY2023 through its ODM route. The expertise of EPACK Durable lies in manufacturing a diverse portfolio of Room Air Conditioners and Small Domestic Appliances (SDAs).

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