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Cello World Results: Latest Quarterly Results & Analysis

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Cello World Ltd. 11 Nov 2025 11:35 AM
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Q2FY26 Quarterly Result Announced for Cello World Ltd.

Houseware company Cello World announced Q2FY26 results

  • Revenue from Operations Rs 1,116 crore YoY Growth 13%.
  • Gross Profit Rs 577 crore Margin 52%.
  • EBITDA Rs 268 crore Margin 24%.
  • Profit After Tax Rs 159 crore Margin 14%.

Pradeep Rathod, Chairman & Managing Director, Cello World, said: “I am pleased to share that in Q2FY26, Cello World Limited delivered a healthy performance, reporting revenue of Rs 587 crore, up 20% year-on-year, and achieving an EBITDA of Rs 141 crore. Our Glass plant in Falna is ramping up as per the plan with about 55% utilization, which is expected to reach 80% by Q4FY26. While the plant is in the gestation phase, the margin structures will continue to be impacted.

Broadly, the current quarter benefited from strong festive momentum across our key categories, supported by robust consumer demand and efficient execution. Despite the recent GST rate changes, which had a minimal impact on our portfolio, this performance reflects the strength of our brand, disciplined operations, and continued focus on execution excellence.

As we look ahead, with new capacities coming onstream across plasticware and steel bottles, along with our continued focus on efficiency, innovation, and portfolio expansion, we remain confident of entering FY27 on a stronger footing.”

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Houseware company Cello World announced Q1FY26 results

  • Revenue from Operations Rs 529 crore YoY, change 6%.
  • Gross Profit Rs 286 crore, margin 54%.
  • EBITDA Rs 126 crore; EBITDA Margin 24%
  • Profit After Tax Rs 73 crore; PAT Margin 14%.

Pradeep Rathod, Chairman & Managing Director, Cello World, said: “Cello reported a steady start for the year, delivering a YoY revenue growth of 6%, reaching Rs 529 crore while achieving its highest-ever gross profit margin of 54.0%. This improvement underscores Cello’s manufacturing excellence. Despite this, our EBITDA margin declined by 380 bps, primarily due to additional operational costs associated with the new glassware facility. We expect this to stabilise once the glass facility ramps up in the future.

Our core consumerware segment sustained positive momentum, driven by standout categories such as hydration, opalware, and glassware, whereas segments like writing instruments and furniture remained subdued this quarter.

Looking ahead, we are committed to further enhancing our omnichannel presence to broaden our product reach across India with a focus on premiumization and a stable margin profile. We maintain a positive outlook for H2FY26 driven by revival in consumer demand across categories.”

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Houseware company Cello World announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Revenue From Operation: Rs 588.8 crore, showing a 15% increase compared to Rs 512.5 crore in Q4FY24
  • Gross Profit: Rs 305.6 crore, indicating a 13% increase compared to Rs 271.3 crore in Q4FY24.
  • EBITDA: Rs 148.2 crore, reflecting a 6% increase compared to Rs 139.9 crore in Q4FY24.
  • EBITDA Margin (%): 25.2%, compared to 27.3% in Q4FY24.
  • Profit before Tax: Rs 129.9 crore, an increase of 7% compared to Rs 121.1 crore in Q4FY24.
  • PAT (Attributable to Owners): Rs 88.2 crore, showing a -1% decrease compared to Rs 88.8 crore in Q4FY24.

FY25 Financial Highlights:

  • Revenue From Operation: Rs 2,136.4 crore, showing a 7% increase compared to Rs 2,000.3 crore in FY24.
  • Gross Profit: Rs 1,104.9 crore, indicating a 5% increase compared to Rs 1,051.8 crore in FY24.
  • EBITDA: Rs 554.7 crore, reflecting a 4% increase compared to Rs 534.3 crore in FY24.
  • EBITDA Margin (%): 26.0%, compared to 26.7% in FY24.
  • Profit before Tax: Rs 491.3 crore, an increase of 3% compared to Rs 475.0 crore in FY24.
  • PAT (Attributable to Owners): Rs 338.8 crore, showing a 2% increase compared to Rs 331.1 crore in FY24.

Commenting on the Result, Pradeep Rathod, Chairman & Managing Director, Cello World said, “In FY25, Cello World Limited achieved a 7% YoY revenue growth to reach Rs. 2,136 crores and maintained a healthy EBITDA margin of 26% despite headwinds such as muted consumer sentiment and global trade uncertainties.

In Q4 FY25, we achieved our highest-ever quarterly revenue of Rs. 589 crores, a 15% YoY increase, with EBITDA and PAT margins remaining steady at 26% and 16%, respectively. This performance highlights the coordinated efforts of our leadership, management, sales, design, and manufacturing teams.

Looking ahead, we are strategically refining our product portfolio and distribution channels by phasing out offerings that do not align with our ROCE and margin goals, and introducing new products with strong potential for profitable growth. We have also partnered with select quick commerce platforms to capture opportunities in this rapidly expanding channel.

Our focus remains on driving sustainable growth through continuous innovation, operational excellence, and strategic collaborations, while strengthening our premium brand positioning and consistently delivering superior value to our customers”

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Houseware company Cello World announced Q3FY25 results

  • Revenue: Rs 556.8 crore compared to Rs  527.1 crore during Q3FY24, change 6%.
  • EBITDA: Rs 139.7 crore compared to Rs  136.6 crore during Q3FY24, change 2%.
  • EBITDA margin: 25.1% for Q3FY25.
  • PAT: Rs 86.4 crore compared to Rs  84.9 crore during Q3FY24, change 2%.
  • PAT margin: 15.5% for Q3FY25.

Pradeep Rathod, Chairman & Managing Director, Cello World, said: “In 9MFY25, the company delivered revenues of Rs 1,548 crore as against Rs 1,488 crore in the past period. This was broadly in line with the industry, where we continue to see some pressure on the demand side due to muted consumption and discretionary spending by the consumers. At the beginning of the quarter, we saw strong festive demand, but it cooled off towards the end. Despite a slower revenue growth, we were able to maintain a healthy EBITDA margin of 26.3%, primarily driven by our overall operational efficiencies.

Looking ahead, we expect a demand recovery, especially in the hydration and back-to-school categories. To strengthen our position, we continue to have an innovative and a preimmunized approach towards our product portfolio with consistent spending towards brand building. Strategically, our focus is on expanding our reach through various distribution models.”

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Household Products company Cello World announced Q2FY25 results

  • Revenue From Operation: Rs 490.1 crore compared to Rs 489.0 crore during Q2FY24.
  • EBITDA: Rs 131.9 crore compared to Rs 130.9 crore during Q2FY24, change 1%.
  • EBITDA Margin: 26.9% for Q2FY25.
  • PBT: Rs 116.8 crore compared to Rs 117.6 crore during Q2FY24, change -1%.
  • PAT: Rs 81.6 crore compared to Rs 80.0 crore during Q2FY24, change 2%.
  • PAT Margin: 16.7% for Q2FY25.

Pradeep Rathod, Chairman & Managing Director, Cello World, said: “In H1FY25, the company delivered steady performance by demonstrating consistent revenue growth and maintaining profitability despite several headwinds on export demand, particularly for writing instruments. Consumerware business grew by 5%, and the moulded furniture business grew by 7% on a year-on-year basis. Writing Instruments business de-grew by 8% mainly due to lower exports.

Our focus on operational excellence continues to deliver robust cash generation. This operational rigor gives us the flexibility to navigate external challenges while staying on track with our strategic objectives.

We have seen encouraging growth trends in our alternative sales channels, particularly online and modern trade. We see these channels as key drivers for capturing growth across the country, especially for our consumer-ware division.

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.

We have commissioned the state-of-the-art glassware manufacturing facility in Falna, Rajasthan. The facility has initiated trial runs, with commercial production set to follow. With this, Cello becomes the only domestic consumer products company with a presence across all material types to have an in-house glassware capacity in India.”

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Household products company Cello World announced Q1FY25 results:

  • Revenue From Operations: Rs 500.7 crore (6.1% growth YoY)
  • Gross Profit: Rs 269.4 crore (8.6% growth YoY)
  • Gross Profit Margin: 53.8% (increase from 52.6% YoY) 
  • EBITDA: Rs 134.9 crore (6.0% growth YoY)
  • EBITDA Margin: 27.0% (unchanged YoY)
  • Profit Before Tax (PBT): Rs 120.3 crore (4.7% growth YoY)
  • PAT (Attributable to Owners): Rs 82.6 crore (6.7% growth YoY)

Commenting on the Result, Pradeep Rathod, Chairman & Managing Director, Cello World said “Cello World has started off the year with a decent performance where the growth was in line with the overallindustry. Our revenue grew by 6.1% YoY and witnessed a margin expansion on the gross profit level, whichwent up from 52.6% in Q1FY24 to 53.8% in Q1 FY25. Notably, this improvement in gross margin isattributable to a combination of a shift in revenue mix alongside our continued focus on value-addedpremium products as well as efforts towards improving operational efficiency. This performance was despitemultiple headwinds on the demand front, which got further intensified due to the elections.

Our growth was primarily driven by the consumer-ware and furniture businesses, while the writinginstruments remained flattish due to continued sluggishness in the overall demand scenario. However, the EBITDA and PAT margin levels remained in line with Q1FY24. For the quarter, there was a considerableincrease in our advertising spend on account of a back-to-school campaign held by the company. We viewthese activities as crucial investments in reinforcing our brand's recognition and recall.

Looking ahead to FY25, we maintain our growth expectations of 15%–17%, driven by an improvement in theoverall demand scenarios in the second half of the year.

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Household Products company Cello World announced FY24 results:

  • Revenue from Operations: Rs 2,000 crore
  • Gross Profit: Rs 1,052 crore
  • EBITDA: Rs 535 crore
  • Profit After Tax (Attributable to Owners): Rs 331 crore

Commenting on the Result, Pradeep Rathod, Chairman & Managing Director, Cello World Limited said “Cello World has shown growth in both revenue and profitability compared to Q4 FY23. In the quarter goneby, revenues increased by 5%, while EBITDA rose by 20%. We experienced good growth in our writinginstruments and furniture businesses during this period.

For the full year, our Revenues have grown by 11% with profitability growing even faster at 24% despite thewell-recognized sluggish demand within the industry throughout the year. This is a testament to ourwidespread market presence, well-established brand, scale of operations, and PAN India distribution network,which help us identify the changing needs and preferences of our customers and, hence, innovate ourproducts accordingly to cater to those requirements and stay relevant in the market, as well as having anedge over competitors.

Looking forward to FY25, we anticipate a growth rate of 15%-17%, with demand expected to rise in thesecond half of the year. Our new glassware facility in Rajasthan will commence operations in Q2 FY25, with aramp-up by year end. This will substantially enhance our glassware business, driving rapid growth in thisvertical over the next two years. Additionally, on the e-commerce front, new avenues have emerged,presenting excellent opportunities for future growth.

At Cello, we always focus on outperforming industry growth and continuously improving our position in theconsumer market. We remain confident in our business's growth potential and its diverse portfolio, which alsobenefits from the trend of premiumization.”

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Household Products company Cello World announced Q3FY24 results:

Q3FY24 Financial Highlights:

  • Revenue From Operation: Rs 527.1 crore
  • Gross Profit: Rs 271.4 crore
  • Gross Profit Margin (%): 51.5%
  • EBITDA: Rs 136.6 crore
  • EBITDA Margin (%): 25.9%
  • Profit before Tax: Rs 121.4 crore
  • PAT (Attributable to Owners): Rs 84.9 crore
  • PAT Margin (%): 16.1%

9MFY24 Financial Highlights:

  • Revenue From Operation: Rs 1,487.8 crore
  • Gross Profit: Rs 780.5 crore
  • Gross Profit Margin (%): 52.5%
  • EBITDA: Rs 394.9 crore
  • EBITDA Margin (%): 26.5%
  • Profit before Tax: Rs 353.9 crore
  • PAT (Attributable to Owners): Rs 242.3 crore
  • PAT Margin (%): 16.3%

Revenue Breakup:

  • Consumer Ware: 68.1% (Q3FY24), 67.0% (9MFY24)
  • Writing Instruments: 15.4% (Q3FY24), 16.5% (9MFY24)
  • Moulded Furniture and Allied Products: 16.5% (Q3FY24), 16.5% (9MFY24)

Gross Profit Breakup:

  • Consumer Ware: 68.7% (Q3FY24), 67.5% (9MFY24)
  • Writing Instruments: 17.5% (Q3FY24), 18.5% (9MFY24)
  • Moulded Furniture and Allied Products: 13.8% (Q3FY24), 14.0% (9MFY24)

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