Investor Presentation
CELLO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Cello World reported FY26 revenue of Rs. 2,324 crore, up 9% YoY, despite challenging market conditions with softer demand in certain consumerware categories. However, profitability declined with EBITDA at Rs. 526 crore (-5% YoY) and PAT at Rs. 332 crore (-9% YoY). Margins compressed across the board: EBITDA margin fell to 22.7% from 26.0%, and PAT margin declined to 14.3% from 17.1%. Q4FY26 was a bright spot with highest-ever quarterly revenue of Rs. 654 crore (up 11% YoY), driven by Writing Instruments, export revival, and new premium product launches. The Board recommended a final dividend of Rs. 1.50 per share. Strategic initiatives including glassware capacity expansion, Cello stationery brand acquisition, and Wimplast integration are expected to contribute in FY27.
The stock faces pressure from margin compression despite revenue growth, indicating cost or pricing challenges. The dividend and new product launches provide some support, but investors should monitor if margin recovery materializes in FY27 as management guides.