Cello World Limited — Investor Meet, 18-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Cello World posted strong Q2 FY26 revenues of INR 587 crore (+20% YoY) and H1 FY26 revenues of INR 1,116 crore (+13% YoY). Q2 EBITDA stood at INR 141.3 crore (24% margin), with PAT at INR 85.7 crore (14.6% margin).

The company is strategically re-acquiring the 'Cello' brand for writing instruments and stationery, aiming to integrate it and leverage existing infrastructure by January, driving future growth. The glassware plant achieved breakeven at 60% utilization, with further margin improvements expected at 70-75%. A new steel plant starting in December will resolve supply constraints and enhance margins. Management projects double-digit revenue growth and 22-23% EBITDA margins (ex-other income) for FY26, expressing a confident outlook for a stronger FY27.