Please find attached the Analyst / Investor Meet Presentation.
Awaiting price reaction for this filing.
Grindwell Norton, part of the Saint-Gobain group, shared its analyst/investor meet presentation themed 'Unleash Growth in GNO.' For FY24-25, revenue from operations grew 4.6% YoY to Rs. 2,812 crore, but EBIT fell 2.9% to Rs. 501 crore and net profit declined 3.3% to Rs. 371 crore, with management attributing the EBIT drop mainly to higher depreciation. EBIT margin contracted to 17.8% from 19.2% in the prior year. The Ceramics & Plastics segment grew 7.9% while Abrasives grew 3.3%. Five-year revenue CAGR stands at 12.2% with PAT CAGR of 15.1%. Dividend was held flat at Rs. 17 per share. The company outlined ongoing capex (PCR Halol expansion, non-woven line, coated paper maker), new product launches in abrasives and C&P, ESG progress (CO2 down 36% vs 2017), and strong employee engagement (index 92 vs industry average 83).
Mixed signals for shareholders — top-line growth continued but margins and profits slipped on higher depreciation, which may concern investors focused on profitability. Sustained dividend and long-term CAGR track record provide comfort, but near-term margin trajectory will be the key thing to watch.