Shares of Cello World slipped nearly 6% on November 13 after the company reported flat earnings for Q2FY25, amid weaker export demand. By 10:55 AM, the stock was trading 4% lower at Rs 811. Cello World’s stock has risen just over 2% this year, lagging behind the Nifty 50 index, which is up 9%.
Q2 Financial Highlights
- Net profit rose slightly by 0.2% year-on-year to Rs 81.6 crore but declined over 2% from the previous quarter.
- Revenue dropped by 6% YoY to Rs 490 crore.
- EBITDA stood steady at Rs 131.9 crore, with margins stable at 23.9%.
Company Developments and Outlook
Cello World recently opened a new glassware facility in Falna, Rajasthan, with a 20,000 metric tonne capacity. Chairman Pradeep Rathod noted that the second half of FY25 has started positively, driven by strong festive demand. Cello World expects to achieve mid-teen growth for FY25.
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Source: Moneycontrol
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