Aditya Vision Limited — PPTs, 09-05-2025: Investor Presentation

1. Financial Highlights:

Aditya Vision Limited reported 30% YoY revenue growth to Rs 2,260 Cr, supported by a strong 36% CAGR over FY22–FY25. EBITDA reached Rs 204 Cr (9.0% margin), and PAT grew 37% YoY to Rs 105 Cr with a 4.7% margin. Q4 was record-setting with Rs 487 Cr revenue (+29.6%) and PAT doubling to Rs 16 Cr. The balance sheet remains robust, with net debt-free non-current liabilities and current borrowings at Rs 278 Cr. Retail footprint expanded 20.7% to 175 stores, and retail space increased 27.5% to 7.5 lakh sq ft.

2. Strategic Initiatives & Growth Drivers:

Focus is on scaling in the Hindi heartland—Bihar, Jharkhand, and Uttar Pradesh—using a “Creeping Cluster Approach” to penetrate newer geographies. Targeting 20-25% revenue CAGR over 3–5 years, funded by reinvestment in store economics and rising consumer durables demand. FY25 saw 30 net new stores added, with capex ~Rs 70-80 lakhs and working capital Rs 2.75-3 Cr per store. Stores typically break even within 7-9 months.

3. Business Developments:

No recent acquisitions or partnerships, but greater emphasis on high-growth categories such as air conditioners, refrigerators, and washing machines. Direct OEM supply accounts for 85% of products, aiding margin improvement. Customer-centric services like Aditya Seva (after-sales) and extended warranties support differentiation.

4. Market Position & Competitive Advantage:

Aditya Vision commands over 50% market share in Bihar, is the largest organized consumer electronics retailer there and in Jharkhand, and is expanding in UP. Strong OEM relationships (>100), cash-and-carry model, and efficient inventory control deliver competitive advantage. Low employee and rental costs, combined with a cash-rich balance sheet, position the company well in a fragmented market moving towards organized retail.

5. Investor Implications:

Positive growth potential is evident from strategic regional expansion, robust margin gains, and scalable store growth. Execution risk linked to rapid store additions and capital use merits monitoring. Overall, the company appears well-positioned for sustainable long-term growth in the evolving consumer durables sector.