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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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