Interiors & More Limited — PPTs, 13-06-2025: Investor Presentation

1. Financial Highlights:

Interiors & More reported consolidated revenue of Rs. 588.9 Mn in FY25, rising 81.6% YoY. EBITDA grew 45.2% to Rs. 175.6 Mn, with margins at 29.8%. PAT surged nearly 70% to Rs. 119.7 Mn, translating to an EPS of Rs. 17.11. Return ratios remain strong with ROE at 17.8% and ROCE at 20.0%. Total assets expanded to Rs. 1,072.6 Mn, supported by inventory of Rs. 493.9 Mn. Debt levels are well-managed, with reduced long-term borrowings and stable short-term debt.

2. Strategic Initiatives & Growth Drivers:

Focus is shifting to in-house manufacturing of artificial flowers, reducing reliance on imports to improve quality and innovation. Capex includes a new 2,00,000 sq. ft. manufacturing facility, partly operational since early FY25, with plans to scale capacity by FY27. International expansion targets the Middle East and Africa through new showrooms (Dubai). Product range now exceeds 8,650 SKUs, adding lights, furniture, and wedding props for greater customization.

3. Business Developments:

New showrooms launched in Pune (7,300 sq. ft.) and Hyderabad (20,000 sq. ft. franchise outlet). Continued presence at global exhibitions like Ambiente (Germany) and wedding conferences (UAE) bolsters luxury event décor positioning. Warehousing improved via a 57,000 sq. ft. integrated facility in Gujarat, enhancing logistics and operational efficiency.

4. Market Position & Competitive Advantage:

As one of India’s largest artificial flower wholesalers, the company benefits from its wide product portfolio and vertical integration. Technology adoption aids cost control and customization. High repeat customer rates (~80%) and a client mix spanning celebrity weddings and international markets strengthen its moat. Multi-channel distribution and showroom presence boost brand visibility.

5. Investor Implications:

Shift to internal production, capacity ramp-up, and global market focus underpin positive growth potential. Solid margin trends and financial health support confidence. Execution risk exists around scaling manufacturing and international rollout, but strong niche leadership and an extensive innovation pipeline position Interiors & More well to capture growing demand in event décor.