IFB Industries Limited — Investor Meet, 12-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

IFB Industries reported robust Q2 FY26 performance: revenue up 11.5% to Rs. 1,327 Cr, PBDIT surged 30% to Rs. 102.5 Cr (7.7% margin), and PAT grew to Rs. 50 Cr. YTD revenue rose 8.4% to Rs. 2,637 Cr, though Q1 softness impacted overall half-year performance.

Management is aggressively targeting double-digit margins for the Appliances division through annualized material cost savings of Rs. 200 Cr (Rs. 70-80 Cr expected this year), fixed cost reductions starting Q4, and 10% optimization in Rs. 154 Cr logistics costs. The company is modernizing e-commerce and optimizing a Rs. 100-120 Cr marketing spend with McKinsey.

Operational updates include high capacity utilization for front-load (92-93%) and top-load (95%) washing machines, with plans for 10-15% expansion. BLDC motor production is underway for internal use and AC OEMs. The Engineering division is expanding stamping capacity in Gujarat and Manesar. The company increased Counter Sales Representatives by 700 to 5,300 and is restructuring pay. Management expressed confidence in outgrowing the industry and gaining market share, aiming for more than double-digit growth in Home Appliances, despite acknowledging challenges in refrigerator volumes.