KDDL Limited — Investor Meet, 28-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

KDDL reported Q4 revenue at ₹102.3 Cr and FY25 standalone revenue of ₹384 Cr, with EBITDA margins steady around 23% and PAT of ₹49.2 Cr. Watch components revenue declined 20% YoY due to export pressures, but domestic sales grew 13%. Precision engineering surged 55% YoY to ₹147 Cr, with stable 19-20% EBITDA margins. Bracelet capacity is at 50%, targeting 65% next year, while packaging grew 13%, expanding into luxury. KDDL’s Swiss brand Favre Leuba is gaining traction in India and starting international expansion, with losses expected this year. Management expects watch market recovery from H2 FY26 and aims for diversified, export-led growth backed by strong order books in precision engineering and capacity expansion.