Orient Bell Limited — Investor Meet, 08-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Orient Bell Limited (OBL) reported Q1 FY26 net sales of INR142.5 Cr, a 3% drop, but improved gross margins by 50 bps to 36.5%. EBITDA stood at INR5.6 Cr, with margins up 60 bps year-on-year. Demand remained subdued, impacted by geopolitical factors and tariff wars, with dealer inventories lower. The company maintained Q1 volumes despite increased trade discounting and lower ASP. Capacity utilization was around 60%. OBL is focusing on brand building, customer experience initiatives, and cost control. Management noted a pessimistic mood in Morbi with 39 units shutting down, suggesting supply correction. OBL aims to ramp up volumes, strengthen brand, and expand distribution, confident in a market upturn.