Slides
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EARNINGS PRESENTATION Q1, FY 25-26 The brand behind brands July 2025
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Table of Contents Key highlights of Q1, FY 25 -26 Consolidated Results Summary Segment Wise Analysis 01 02 03-06 Expenditure Analysis Balance Sheet & Cash Flow Key Financial Ratios & Cash Conversion Cycle 08-09 10 07
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Key highlights – Q1,FY 25 -26 1*Revenue & EBITDA include other income Adjusted : After excluding the fair value gain on the value of Dixon stake of 6.5% in Aditya Infotech Ltd Revenue * PAT PAT MarginPBT Margin Net Debt ROCE% ROE%(Adjusted) Net WC Days ₹ 12,838 crs ₹ 484 crs ₹ 366 crs ₹ 280 crs ₹ 6,588 crs in Q1,FY24-25 ₹ 256 crs in Q1,FY24-25 ₹ 180 crs in Q1,FY24-25 ₹ 140 crs in Q1,FY24-25 95% YoY 89% YoY 103% YoY 100% YoY EBITDA* EBITDA Margin PBT Free Cash Flow 2.9% 2.7% in Q1,FY24-25 20 bps 2.2% 2.1% in Q1,FY24-25 3.8% 3.9% in Q1,FY24-25 (10) bps 33.9% 32.5% as on 31st Mar 25 48.5% as on 31st Mar 25 ₹ (214) crs ₹ (62) crs as on 31st Mar 25 (4) Days (5)days as on 31st Mar 25 +1 days ₹ 57 crs ₹ (124) crs in Q1,FY24-25 140 bps60 bps 49.1% 10 bps
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Consolidated Results Summary 2 Particulars (INR Crs) Q1, FY 25-26 Q1, FY 24-25 % Change Income 12,836 6,580 95% Expenses 12,354 6,332 95% Operating Profit 482 248 94% Operating Profit Margin 3.8% 3.8% - Other Income 2 8 -75% EBITDA 484 256 89% EBITDA Margin 3.8% 3.9% -0.1% Depreciation 93 54 72% EBIT 391 202 94% Finance Cost 32 29 10% PBT Before JV share 359 173 108% PBT Before JV share Margin 2.8% 2.6% 0.2% Share of Profit of JV (Rexxam) 7 7 - PBT After JV share 366 180 103% PBT After JV share Margin 2.9% 2.7% 0.2% Tax 86 40 115% PAT 280 140 100% PAT Margin 2.2% 2.1% 0.1% Non-controlling interest 55 6 817% PAT after non Controlling interest 225 134 68%
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SEGMENT WISE PERFORMANCE
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91% 69% 79% 5,192 9,102 11,663 Q1,FY 24-25 Q4,FY 24-25 Q1,FY 25-26 125% 28% Mobile & Other EMS Division 3 Revenue (INR Crs)* Operating Profit (INR Crs) 3.3% 3.8% 3.4% 171 349 395 Q1,FY 24-25 Q4,FY 24-25 Q1,FY 25-26 Revenue contribution Q1,FY 24-25 Q1,FY 25-26 Operating Profit contribution Capital Employed ROCE%** 750 69% 82% 1,976 85% Other EMS Division *Q1 FY26 Revenue includes : Hearables & Wearables : INR 175 crs, Telecom : INR 1,410 crs, Ismartu : 1,996 crs, IT Hardware : 247 crs **ROCE : Trailing 12 Month EBIT/Average Capital Employed as on 30th June 25 & 30th June 24 131% 13%
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34% 72%55% 13% 3.4% 6.1% 6.0% 29 42 40 Q1,FY 24-25 Q4,FY 24-25 Q1,FY 25-26 5% 855 689 672 Q1,FY 24-25 Q4,FY 24-25 Q1,FY 25-26 Revenue (INR Crs)* Operating Profit (INR Crs) Consumer Electronics & Appliances (LED TV & Refrigerator) 4 Q1,FY 24-25 Q1,FY 25-26 Revenue contribution Operating Profit contribution ODM Capital Employed** ROCE%*** *Q1 FY26 Revenue includes : Refrigerator : INR 328 crs **Capital Employed in Refrigerator is INR 258 Crs, ROCE of LED TV Category is 30% ***ROCE : Trailing 12 Month EBIT/Average Capital Employed as on 30th June 25 & 30th June 24 8% 21% 630 12% -21% -2% 38% -5% 510
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2%5% 10.6% 12.2% 11.5% 32 37 36 Q1,FY 24-25 Q4,FY 24-25 Q1,FY 25-26 305 302 313 Q1,FY 24-25 Q4,FY 24-25 Q1,FY 25-26 Revenue (INR Crs) Operating Profit (INR Crs) Home Appliances Revenue contribution Q1,FY 25-26 Operating Profit contribution ODM 5 Capital Employed* ROCE%** *Capital Employed in Fully Automatic Washing Machine is INR 145 Crs, excluding that ROCE is 51% **ROCE : Trailing 12 Month EBIT/Average Capital Employed as on 30th June 25 & 30th June 24 Q1,FY 24-25 13% 35% 100% 319 7% 38% 100% 370 3% 4% 13% -3%
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1%3% 6.8% 7.3% 6.0% 15 15 11 Q1,FY 24-25 Q4,FY 24-25 Q1,FY 25-26 227 200 188 Q1,FY 24-25 Q4,FY 24-25 Q1,FY 25-26 Revenue (INR Crs) Operating Profit (INR Crs) Lighting Products Revenue contribution Q1,FY 24-25 Q1,FY 25-26 Operating Profit contribution ODM 6 Capital Employed ROCE%* *ROCE : Trailing 12 Month EBIT/Average Capital Employed as on 30th June 25 & 30th June 24 6% 29% 92% 175 2% 22% 91% 169 -17% -6% -27% -27%
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Expenditure Analysis – Q1 Particulars (As a % of operating revenues) Q1, FY 25-26 Q1, FY 24-25 % Change Cost of Material Consumed 92.5% 91.4% 1.1% Employee benefit expenses 1.3% 1.8% -0.5% Finance Cost 0.3% 0.4% -0.1% Depreciation and Amortization Expense 0.7% 0.8% -0.1% Other expenses 2.4% 3.0% -0.6% 7
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Balance Sheet 8 Particulars (INR crs) 30th June ’25 31st Mar ’25 Net Fixed Assets (A) 2,593 2,462 Right-of-use asset (B) 552 569 Other Non Current Assets (C) 704 642 Current Assets Cash & Cash Equivalents 223 264 Trade Receivables 7,105 6,965 Inventories 4,508 3,992 Other Current Assets 2,173 1,873 Total Current Assets 14,009 13,094 Less: Current Liabilities & Provisions 13,320 12,474 Net Current Assets (D) 689 620 Total Assets (A+B+C+D) 4,538 4,293 Total Shareholder funds (A) 3,402 3,010 Equity share capital 12 12 Other equity 3,390 2,998 Non Controlling Interest (B) 514 459 Total Debt (C) 9 202 Long Term Borrowings 9 81 Short Term Borrowings - 121 Other Non Current Liabilities (D) 613 622 Total Liabilities (A+B+C+D) 4,538 4,293
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Cash Flow *Free Cash Flow : Cash from Operating activities Less capital expenditure 9 Free Cash flow* 57 Particulars (INR crs) 30th June'25 Profit before tax 359 Depreciation & Amortization 93 Others ( Net interest expenses, ESOP expenses etc.) 55 Working capital change (105) Taxes Paid (58) Cash Flow from Operating Activities (A) 344 Capital expenditure (287) Other (Sales/Purchase of Investment & Other bank balance etc.) 31 Cash Flow from Investing Activities (B) (256) Interest Paid (24) Repayment of lease liabilities (23) Proceeds from issue of shares 142 Repayment of borrowings (193) Dividend paid (1) Cash Flow from Financing Activities (C) (99) Net Change in Cash & Cash Equivalents D = (A+B+C) (11) Opening Cash & Cash Equivalents (E) 231 Closing Cash & Cash Equivalents (D+E) 220
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**ROCE : Trailing 12 Month EBIT/Average Capital Employed as on 30th June 25 & 30th June 24 ***ROE : Trailing 12 Month PAT / Average Shareholder Funds as on 30th June 25 & 30th June 24 Adjusted : After excluding the fair value gain on the value of Dixon stake of 6.5% in Aditya Infotech Ltd Key Financial Ratios & Cash Conversion Cycle * Working capital days calculated on the quarterly basis 10 Inventory Days Net WC Days* 32 32 as on 31st Mar 25 0 days ROCE%** ROE%*** (Adjusted) 33.9% 32.5% as on 31st Mar 25 140 bps 49.1% 48.5 % as on 31st Mar 25 60 bps Debtors Days Creditors Days 50 60 as on 31st Mar 25 (10) days 86 97 as on 31st Mar 25 (11) days (4) (5) as on 31st Mar 25 +1 days
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THANK YOU