KDDL Limited — Investor Meet, 20-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

KDDL reported strong consolidated Q2FY26 revenue of INR531 Cr (+29.5% YoY) and H1FY26 revenue of INR1,007.9 Cr (+29.2% YoY), with H1 EBITDA at INR166.8 Cr (+17.5%). Precision Engineering revenue grew 44% YoY in H1 to INR90 Cr, fueled by exports. The Packaging division also saw significant 70% H1 revenue growth.

Despite global watch market softness, India is a bright spot. KDDL is diversifying components and expanding new geographies. Favre-Leuba sales are exceeding targets, benefiting from reduced US tariffs. Bracelet unit capacity utilization is over 80%, with expansion plans. Management remains confident, maintaining a 20-25% long-term growth outlook, viewing tariffs as short-term.