#Eveready Industries
#2QFY23 #concall summary
1. Focus on double digit growth on all three segment- Battery, Flashlight and Lighting
2. Investing in Brand, reach and product innovation
3. 2QFY23 margin was lower majorly due to rupee depreciation impacting key RM
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#2QFY23 #concall summary
1. Focus on double digit growth on all three segment- Battery, Flashlight and Lighting
2. Investing in Brand, reach and product innovation
3. 2QFY23 margin was lower majorly due to rupee depreciation impacting key RM
1/4
4. Mgmt said overall revenue to be double in next 3 yrs from current 1400cr in fy23 to 2800cr in fy26
5. Key growth areas- battery double digit 10-12% CAGR, flashlight 30% CAGR and lighting also over 30% CAGR
6. Rechargeable flashlight is untouched, will be focused area
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5. Key growth areas- battery double digit 10-12% CAGR, flashlight 30% CAGR and lighting also over 30% CAGR
6. Rechargeable flashlight is untouched, will be focused area
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7. 2QFY23 has one off i) interest penal charge of approx. 6cr and ii) some deferred tax
8. current debt of 345cr and cost of borrowing is 8.25%
9. guided to repay 80cr of debt every year from internal accrual
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8. current debt of 345cr and cost of borrowing is 8.25%
9. guided to repay 80cr of debt every year from internal accrual
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10. Overall EBITDA margin for the co will remain lower than previous due to sales mix change (higher contri from lighting) but they guided that 12% margin in fy24 and will improve from there
11. Lighting business has already started making profit.
Happy Investing. @GCJ
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11. Lighting business has already started making profit.
Happy Investing. @GCJ
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