Cello World Limited — Updates, 12-11-2024: Press Release

Revenue from operations for Cello World Limited reached ₹991 crores, reflecting a 3% increase. Gross profit also grew by 3% to ₹522 crores, with a margin of 52.7%. EBITDA recorded a slight rise to ₹267 crores, maintaining a margin of 26.9%. The profit attributable to owners rose by 4% to ₹164 crores, with a profit margin of 16.6%.

In business developments, Cello is commissioning a new glassware manufacturing facility in Falna, Rajasthan, with an annual capacity of 20,000 metric tonnes. This facility aims to reduce reliance on glassware imports. The company continues to focus on operational excellence, despite challenges in export demand, particularly for writing instruments, which saw an 8% decline in H1 FY25.

Commenting on the results, the management highlighted a positive sales momentum in October, expecting mid-teen growth for FY25, particularly driven by festive season demand. The ongoing expansion into alternate sales channels is positioned as a key growth strategy in the consumerware sector.