Creative Newtech Limited has informed the Exchange about Transcript
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Creative Newtech Limited reported FY25 consolidated revenue of ₹1,801.47 crores with EBITDA of ₹72.86 crores (margin 4.04%) and PAT of ₹53.11 crores. The Honeywell licensing business, the company's key growth engine, grew to ₹255.17 crores (up from ~₹170 crores) with 15-17% EBITDA margins, split roughly 50-50 between India and international markets across air purifiers, IT accessories, audio, and structured cabling. Management highlighted a positive operational cash flow turnaround (₹21.85 crores consol vs negative ₹26.29 crores prior year) and outlined a 3-5 year roadmap targeting 20-25% CAGR growth, with plans to expand Honeywell to more countries, launch own brands, and pursue acquisitions. Distribution and enterprise businesses were flat-to-soft, with margin pressure attributed to elevated marketing spend (~₹23-24 crores, up from ~₹7 crores) and selective brand onboarding. The Honeywell license comes up for renewal in December 2025.
Mixed picture for shareholders: Honeywell's strong growth and cash flow turnaround are positives, but near-term margin pressure from high marketing spend (14-15% of sales) and softness in distribution/enterprise businesses could weigh on earnings. Key catalysts to watch are the Honeywell license renewal in December 2025 and execution of the 20-25% multi-year growth roadmap.