India · Delayed Price · Currency is INR IFB Industries Earnings Call Transcripts
Fiscal Year 2027
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Q1 revenue grew 16.65% and PBDIT 26.46% YoY, while commodity and forex costs continued to pressure margins. Management is targeting ~20% growth, with efficiency actions and product expansion supporting the outlook.
Fiscal Year 2026
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FY26 revenue grew 10% and Q4 EBITDA rose, while labour-code charges reduced reported profit. Management expects strong home-appliance momentum and engineering growth, but commodity and forex costs remain a margin risk.
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Q3 revenue rose 12% YoY, but EBITDA declined as FX, commodity and promotional costs absorbed savings. Management is targeting >20% appliance growth and margin recovery through cost, channel and execution initiatives.
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Q2 revenue, EBITDA and PAT rose YoY, while H1 EBITDA margin eased. Appliance cost programs target material and logistics savings, with fixed-cost actions still ramping up.
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Q1 revenue grew 5.33%, but EBITDA and PAT declined amid material inflation, monsoon disruption and higher operating costs. Management expects recurring cost savings and double-digit EBITDA in FY26, with cost reductions beginning to flow through from Q2–Q3.
Fiscal Year 2025
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FY25 revenue rose 14% and EBITDA 35%, with margins improving to 6.5%. Cost savings, stronger appliance execution and growth in AC and refrigerators underpin the push toward double-digit EBITDA margins.
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Q3 revenue grew 8% YoY and EBITDA rose 27%, while washer weakness restrained appliance mix and margins. AC turned EBITDA-positive; a ~₹200 crore cost program targets substantial savings within 12 months.
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Q2 revenue rose 11% YoY, while PBDIT margin eased to 6.6% amid washer-transition delays and mix pressure. Management expects cost reductions and stronger washer demand to support margin recovery, targeting 9%–10% by Q4.
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Q1 revenue rose 17% YoY and EBITDA more than doubled, while washer sales remained weak. Management’s growth ambition depends on washer range upgrades, stronger sales execution and continued cost reductions.
Fiscal Year 2024
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FY24 revenue grew 5% and PBDIT rose 31%, but appliance margins remained below the double-digit objective. FY25 priorities include cost reductions, broader AC distribution, new washer ranges and refrigeration breakeven.
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Q3 revenue grew 16% YoY and EBITDA margin rose to 6.17%. Cost reductions and sales execution are central to the plan for AC profitability and a 10% Home Appliances operating margin by Q1 FY25.
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Q2 EBITDA margin improved to 6.97% as lower material costs offset weak revenue and higher expenses. Cost savings and sales-force changes underpin a target of sustainable 10%+ home-appliance margins from the next fiscal year, but subdued demand and share losses remain challenges.
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Q1 income rose to INR 162 crore, while EBITDA fell YoY as higher operating costs offset improved gross margins. Management prioritized material and fixed-cost reductions, stronger sales execution and higher capacity utilization, with fuller margin benefits expected in Q4.