Slides
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2 Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Flair Writing Industries Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cashflows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. All Maps used in the presentation are not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness
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Performance Updates
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4 Q2 FY26 Highlights of Landmark Performance Revenue from Operations INR 320.9 Crores 18.8% Y-o-Y EBITDA INR 60.3 Crores +19.2% Y-o-Y Proft After Tax INR 42.7 Crores +30.4% Y-o-Y (y/y growth) ➢ The company has surpassed its quarterly revenue run rate of INR 300+ Crores, supported by strong profitability uplift of 30.4% Y-o-Y ➢ Our diversified businesses of Creative and Steel bottles & Houseware delivered a combined revenue growth of 81% Y-o-Y ▪ The creative segment sustained standout growth at 70% Y-o-Y, strengthening overall performance and reinforcing its position as a high-potential growth pillar ▪ The steel bottles & houseware segment emerged as one of the key growth catalysts, more than doubling revenue Y-o-Y and capturing strong demand momentum. ➢ Total Own Brand Sales grew 20% YoY , with strong traction across domestic markets. Overall showed a strong growth with both own brand and OEM witnessing healthy volume-led growth moving past the impact of geopolitical challenges seen in recent quarters ➢ Transformational initiatives are delivering visible operating efficiency & financial gains, with continued execution set to unlock further growth ➢ The New Valsad facility is nearing completion and is set to become operational in Q4, further augmenting overall production capacity Other Key Highlights
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5 ₹ in Crs Segment Performance (Q2 FY26) 213 221 Q2 FY25 Q2 FY26 +4% 41 70 Q2 FY25 Q2 FY26 +70% 12 26 Q2 FY25 Q2 FY26 +121% Pens Revenue Steel Bottles & Houseware Revenue Creative Revenue Achieved broad based business growth during the quarter • Performance in the pen category was driven by Own Brand sales serving as the key growth engine. Export OEM witnessed very strong pickup while overall OEM growth was moderated by the anticipated decrease in the domestic OEM business • The creative segment continues to deliver high growth backed by portfolio expansion and product innovation • The steel bottles & houseware segment solidified its position as a core growth contributor, with significant Y-o-Y revenue acceleration supported by strong market demand • 36 new products launched during the quarter across categories. Other Key Highlights
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6 ₹ in Crs 220 262 Q2 FY25 Q2 FY26 +19% 22 29 Q2 FY25 Q2 FY26 +32% 12 6 Q2 FY25 Q2 FY26 -52% 16 24 Q2 FY25 Q2 FY26 +53% Domestic Own Brands Domestic OEM Export Own Brands Export OEM Business Performance (Q2 FY26)
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7 Transformational Initiatives for Robust Foundations Replacing Legacy ERP o Undertaking key digital transformation through replacement of legacy ERP system with an enterprise grade system - to kickstart shortly o Multiple modules spanning several functional areas curated for manufacturing o Enabling the management to streamline business processes, adopt global best practices, and enhance overall organizational agility Expanding Human Capital o Continuing investments in sales/marketing headcount and process for better market visibility and ensuring granular distribution reach o Optimum usage of outsourced contract employees to capitalize on demand across segments o Focus on increasing sales throughput per distributor going forward Sustainable Operational Practices o Commissioned in Q1 FY26 a 1.85 MW rooftop solar power project at our Valsad and Daman units. It has started yielding cost efficiencies apart from meeting green objectives o Installed Effluent Treatment Plants and the implementation of rainwater harvesting systems for water conservation o Recycle internally rejected plastic across various product lines, including stands and packaging boxes Undertaken Growth Capex o Capital Expenditure of ~INR 130 crores incurred during FY25, will fructify further growth and build capacities for various segments o Planned capex for FY26 of ~INR 80-90 crores towards setting up a new unit in Valsad for writing instruments & creative product range, fund capex for our subsidiaries as well as growth opportunities o Capex spent in Q2 FY26 ~INR 39 crores
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8 New Product Launches
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9 New Product Launches
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10 New Product Launches
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11 PROFIT & LOSS STATEMENT (₹ in crs) Q2 FY26 Q2 FY25 Y-o-Y Q1 FY26 Q-o-Q H1 FY26 H1 FY25 Y-o-Y Revenue from Operations 320.9 270.1 18.8% 288.5 11.2% 609.5 517.3 17.8% Cost of Materials Consumed 154.3 127.4 144.3 298.7 251.6 Gross Profit 166.6 142.7 16.7% 144.2 15.5% 310.8 265.7 17.0% Gross Profit % 51.9% 52.8% -94 bps 50.0% 193 bps 51.0% 51.4% -37 bps Employee Benefits Expense 56.3 42.3 50.4 106.7 80.6 Other Expenses 49.9 49.8 44.3 94.2 92.4 EBITDA 60.3 50.6 19.2% 49.5 21.8% 109.9 92.7 18.6% EBITDA % 18.8% 18.7% 7 bps 17.2% 164 bps 18.0% 17.9% 12 bps Depreciation and Amortisation Expense 13.2 10.6 12.7 25.9 20.7 Other Income 8.5 5.1 3.3 11.8 10.0 EBIT 55.7 45.1 23.5% 40.1 39.1% 95.8 82.0 16.9% Finance Costs 1.5 1.4 1.2 2.7 2.8 PBT 54.2 43.7 24.0% 38.8 39.7% 93.1 79.1 17.6% Total Tax Expense 11.5 11.0 9.9 21.4 20.2 Profit for the period 42.7 32.8 30.4% 29.0 47.6% 71.7 59.0 21.5% PAT % 13.3% 12.1% 118 bps 10.0% 328 bps 11.8% 11.4% 36 bps Consolidated Profit & Loss Statement – Q2 & H1 FY26
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12 Consolidated Balance Sheet – H1 FY26 EQUITY & LIABILITIES (₹ in Crs) Sep-25 Mar-25 Total Equity 1,078.3 1,017.8 Non-Current Liabilities (a) Borrowings & Lease Liabilities 41.4 45.7 (b) Other Financial Liabilities 0.1 0.1 (c) Other Non-Current Financial Liabilities 19.5 18.6 Total Non-Current Liabilities 61.0 64.4 Current Liabilities (a) Borrowings & Lease Liabilities 17.5 16.1 (b) Trade Payables (total of MSME & Other than MSME) 74.0 53.9 (c) Other Financial Liabilities 45.0 33.4 (d) Other current liabilities (bal. fig.) 34.5 32.5 Total Current Liabilities 171.0 135.9 TOTAL EQUITY & LIABILITIES 1,310.3 1,218.1 ASSETS (₹ in Crs) Sep-25 Mar-25 Non-Current Assets (a) Property, plant and equipment 412.3 395.5 (b) Capital Work-in-Progress 45.8 23.0 (c) Right-of-Use Assets 28.3 29.9 (d) Intangible Asset (incl Goodwill) 1.6 1.8 (e) Non-Current Financial Assets 9.2 12.0 (f) Other non-current Assets (bal. fig.) 22.7 18.4 Total Non-Current Assets 520.0 480.6 Current Assets (a) Inventories 335.0 287.1 (b) Trade Receivable 279.8 258.9 (c) Other current financial assets (bal. fig.) 175.5 191.6 Total Current Assets 790.3 737.6 Total Assets 1,310.3 1,218.1
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13 Consolidated Cashflow Statement – H1 FY26 PARTICULARS (₹ in Crs) Sep-25 Sep-24 Cash Generated from Operations 72.62 22.41 Less: Direct Taxes paid (21.93) (16.10) Net Cash from Operating Activities 50.69 6.31 Cash Flow from Investing Activities (51.75) 132.53 Cash Flow from Financing Activities (18.77) (26.72) Net increase/ (decrease) in Cash & Cash equivalent (19.83) 112.11 Cash and cash equivalents at the beginning of the year 56.62 51.99 Cash and cash equivalents at the end of the year 36.79 164.10
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Company Overview
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15 *Source: FY23 Crisil Industry Report ^Source: Awarded Top Exporter by Plexconcil #Debt includes Current & Non-Current Borrowings and Lease Liabilities. Equity includes Net Worth Market Leadership with over 5 decades of excellence • Largest pen brand • Top 3 player in Writing Instrument Industry* • Higher share of premium products in pen segment versus industry average • Largest Pen Exporter with footprint in 115 countries^ At a Glance Strong Financial Position and a healthy Balance Sheet • Robust Revenue & Profit Growth: 23% Revenue CAGR & 29% PAT CAGR (past 3 years) • Net Debt Negative# Balance Sheet Diversifying Legacy Business with High Growth Segment • Creative segment established in 2021 – Successfully scaled to contribute ~16% of revenue in FY25 • Launched range of BIS Compliant Steel Bottles in the domestic market Largest Distribution Network amongst writing instrument players • Super-stockist: 166 • Distributor: 8,000+ • Wholesaler & Retailer: 3,30,000+ • Present in over 6500+ pincodes and 2500+ citives, towns & villages across India
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16 *National Pen and Plastic Industries (“NPPI”) was one of the Erstwhile Partnership Firms, which was converted into FPPIPL on A pril 25, 2016 and subsequently merged into our Company pursuant to the Scheme. Key Milestones “Flair” brand was registered 1976 We commenced production at one of our manufacturing units in Daman 1998 2009 2012 2021 2023 2024 2025 2018 2015 2014 New Manufacturing plant was set up in Dehradun Acquired “Pierre Cardin” brand NPPI* acquired certain trademarks of the “Hauser” brand Manufacturing unit was set up in Naigaon Manufacturing plant was set up in Valsad (Gujarat) “Flair Creative” range of products was launched Launched steel bottles in domestic & international market BIS Certificate received Company got listed on NSE & BSE Partnership with Maped for distribution of its products Strengthened pencil portfolio through strategic partnership for a new manufacturing unit at Surat under Flomaxe Stationery Pvt. Ltd.
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17 Product Categories Ball Pen Gel Pen Colouring Kits Office Supplies Sipware Bottles & Flasks Fountain Pen Metal Pens Geometry Boxes Calculators Lunch Boxes & Containers Other Household Items Pens Stationery Houseware
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18 11 Strategically Located Manufacturing Plants Naigaon (Maharashtra) 1 unit Majority of the workforce consists of women across our facilities as part of women empowerment programme Only Brand with Captive In-House Tips Manufacturing Capabilities Dehradun (Uttarakhand) 1 unit, 435mn p.a capacity Valsad (Gujarat) 3 units, 607mn p.a capacity and upcoming new manufacturing unit Daman (Dadra & Nagar Haveli and Daman & Diu) 5 units, ~1,050mn p.a. capacity and upcoming centralized warehouse Surat (Flomaxe Stationery) 1 units, ~130mn p.a. capacity Valsad Manufacturing Facilities • Installed Capacity for Writing Instruments to increase by 10% by FY26 with the completion of ongoing capex in Valsad and Surat and this expanded capacity will be a key contributor in our growth aspirations • Increased share of in-house manufacturing up to 70% of creative products to provide better control on operations and higher margins • Higher Automation and integration of robots enabling smoother workflows and efficient production. Strategic Operational Benefits of the Capex Programme Rooftop Solar Power Project – Installed 1.85MW capacity
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19 Unit in Valsad – Manufacturing of Writing Instruments & Stationery Products Flomaxe Surat Facility – Current Capacity Expansion Upcoming Manufacturing Facilities
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20 Advertisement and Marketing Initiatives The Right Move Campaign Glow in the Dark Mechanical Pencils Instagram Handle
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21 Advertisement and Marketing Initiatives Flair Creative Workshops
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22 Focussed on Robust Processes to Deliver Innovative Products 144 New Products Launched 2,536 SKUs 1,126 Portfolio Product Size Innovation DNA and Quality Manufacturing supported by Pan India Distribution. Implementation of Field Force App to track secondary sales and degree of activeness in distribution setup to ensure effective market coverage. Investing in R&D for new product innovations driving portfolio expansion. R&D team headcount increased from 17 in FY24 to 23 in FY25 Continuing Backward integration into tips manufacturing has enabled to implement feedback from customers over writing feel into products giving enhanced customer experience Cultivated a strong ability for identifying and producing unique products such as recently launches across categories in creative segment. These products are well received in the market and driving growth of the segment Efficient Manufacturing and Rigorous Testing leads to consistent output and greater control Proven expertise in launching new products to fulfil consumer demand across product & price categories (FY25)
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23 Quality Manufacturing High-quality multi-location manufacturing at a large scale backed by strong R&D and innovation capabilities Diversified product Diversified product portfolio moving beyond the traditional pens business to synergistic segments Global Footprint Ability to partner with international brands being the largest exporter of writing instruments from India and making inroads through quality creative products Evolving Portfolio Expansive catalogue of offerings across price segments driven by innovation and the need to cater to a wide array of consumers Largest distribution network Largest pan-India distributor/dealer network and wholesale/retailer network in the writing instruments industry and strong presence in targeted markets abroad Strong financial performance Historical track-record of strong financial performance with industry-leading profitability margins, ROE & ROCE Recognizable brands Years of dedicated efforts in creating and establishing both mass appealing as well as premium brands Competitive Edge
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ROADMAP & STRATEGIES
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25 Annual Growth Guidance *2Y CAGR on FY25 Commitment to Scalable Success Revenue to keep compounding at 15%* for the next 2 years Creative Business 45% - 50% Steel Bottles & Houseware Business 50% - 55% Pens Business Stable Growth • In-house manufacturing share rose to 70% in FY25. • New product launches planned to expand the portfolio. Strategic partnerships with Disney (licensing for character-based products) and Maped France (distribution of premium creative products). • Flomaxe Stationery venture to boost capacity and focus on polymer pencils, erasers, sharpeners, and allied categories. • Design innovations with in-house lacquering & coloring capabilities. • Strategic partnerships with modern retail, quick commerce & e-commerce, supported by a dedicated distribution team. • Expanding portfolio with 50+ SKUs and continuous new introductions to meet all-season demand. • Continue investing in mid-premium and premium segments • Increase own brand share in domestic and export markets through targeted campaigns • Focus on functional innovation & use customer feedback loops to refine products and improve writing experience. • Increase sales throughput per distributor through focused engagement
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26 Fast-Tracking Expansion Through Diversification.. Presence across price points Flair’s brand strength Distribution network Manufacturing capabilities Leveraging Over Five Decades Of Experience In The Legacy Pen Business To Scale New Categories Creating A Long-term Value For The Business Built A Quality Product Portfolio For The Newer Categories Creative Segment Steel Bottles Introduced “Flair Creative” in Jan’21 to tap into a newer market with potential to offer standalone & bundled offerings Offerings include water colours, crayons, sketch, pens, erasers, wooden pencils, geometry boxes, fine liners, sharpeners and scales Envision a higher growth segment driven by shifting consumer preference, portfolio deepening as well as channel fill “Flair Creative” crossed ₹ 135 Crs of revenue in H1 FY26 Company is amongst the initial domestic manufacturers of steel bottle to receive the new BIS Compliance Certification Made a breakthrough in stainless steel bottles in major domestic Modern Trade chains in short span Consistently rising Monthly Revenue Run- Rate – aiming to be around INR 100 Crore segment by FY27 Range of Houseware Products sold to complement to existing bottles portfolio and expand offer basket to distributors 18% Revenue Growth in FY25 Collaboration with DISNEY 237 Products sold under this category BIS Compliant Steel Bottles Dedicated Distribution Team 20+ Products sold under this category
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27 ..by Leveraging our Own Brand Sales.. Scaling Own Brand Sales 296 755 841 940 FY22 FY23 FY24 FY25 +47% CAGR Rising share of Own Brand Share as a % of Total Revenue 51% FY22 80% FY23 86% FY24 FY25 87% Pens Creative Steel Bottles & Houseware Multi-Brand Portfolio Catering Across All Price Points Levers for Growth Extensive SKU Porfolio Catering Across All Price Points Capitalising on Wide Distribution Network Focus on Quality Innovation to meet Evolving Consumer Needs
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28 ..and Accelerating Growth through Partnerships.. Leveraging Strengths of Industry Leaders For Mutual Benefit COLLABORATION WITH DISNEY STRATEGIC PARTNERSHIP WITH MAPED FRANCE • Signed a Brand Licensing Agreement with Disney for using its characters from multiple Ips* • Characters are being used in a plethora of stationery & art products as well as other stationeries such as kits • This is to help us gain mind market share with the young Disney audience in India • Currently around 20 Disney branded SKUs are manufactured and distributed • Signed an Agreement with MAPED FRANCE for distribution of its stationery products in India • Maped is a French stationery brand with close to eight decades of presence in 5 continents and 120 countries • Maped products will be targeted towards mid-premium price points of the stationery market • Provides an opportunity to Flair to augment its basket of stationery portfolio to distributors besides ensuring higher in-house manufacturing
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29 ..combined with ability to Identify & Address White Spaces History of developing innovative products – 367 design registrations and patents filed so far Flair Writo-Meter our longest writing pen 10,000 meters Hauser XO offered in pastel colours Flair Woody wooden finish to a ball pen Sunny has 4-in-1 pen
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30 ..thus, Redefining Brand Value towards Premiumisation Amongst the Highest Margins in the Industry Increasing Premium Share in New Launches 44% 47% 46% 50% 51% 8% 17% 20% 20% 17% 0% 10% 12% 12% 11% FY21 FY22 FY23 FY24 FY25 Gross Profit EBITDA PAT 31% 31% 37% 49% 43% 6% 10% 7% 16% 23% 63% 59% 56% 34% 34% 0 10 20 30 40 50 60 70 FY21 FY22 FY23 FY24 FY25 Premium Mid-Premium Mass ❖ Comprehensive portfolio catering to customers across the price points - Expansion within each price segment is crucial to tap demand and user requirements at various price points ❖ Brand presence in mid premium and premium segments – Investments made in brands such as “Hauser” and “Pierre Cardin” for differentiated market positioning. Certain high-ticket products are also available under the flagship brand “Flair” ❖ New product launches have been increasingly targeted towards higher price point – Two-Thirds of all new pens launched in FY24 catered to mid-premium and premium segment ❖ Innovation led product expansion – Develop and introduce practical yet stand out products based on innovation in design, features and writing experience
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ANNEXURE
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32 • He has 48+ years of experience in the writing instruments industry • Received the Lifetime Achievement Award and the Udyog Rattan Award from the Institute of Economic Studies, the Lifetime Achie vement Award from The Bombay Fountain Pen Manufacturers and Traders Association, the award for the ‘Most Admired Leader’ from Herald Global, Inspirational Leaders of New India award from Powerbrands Glam, Las Vegas, USA. Mr. Khubilal Jugraj Rathod, Chairman • He is a fellow member of the ICAI and holds a B.Com degree from the Bangalore University • Has 40+ years of experience in the writing instruments industry • Received “Asia’s Most Promising Leader 2015-16” award from World Consulting and Research Corporation, “Award of Appreciation” from the Pen and Stationery Association of India and award from the PlastIndia Foundation • Previously served as Chairman, Plastic Export Promotion Council & currently Chairman of Pen & Stationery Association of India Mr. Vimalchand Jugraj Rathod, Managing Director • Holds a B. Com degree from the University of Mumbai and has 33+ years of experience in the writing instruments industry • He heads the international sales and marketing division along with global relationship development Mr. Rajesh Khubilal Rathod, Whole-time Director • Holds a Bachelor of Arts degree (majoring in business administration) from the Muhlenberg College, Pennsylvania and has 23+ years of experience in the writing instruments industry • He heads the product development, domestic sales and marketing division Mr. Mohit Khubilal Rathod, Whole-time Director • Holds a Bachelor of Arts degree from the Eckerd College, Florida, a Post Graduate Diploma in Management from the S.P. Jain In stitute, Mumbai and has 15+ years of experience in the writing instruments industry • He heads the new business development, production, process and system management with a direct focus on steel bottles business Mr. Sumit Vimalchand Rathod, Whole-time Director Board of Directors
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33 • He holds a Bachelor of Engineering degree from University of Pune, Pune, Maharashtra and completed his Master of Science in Plastics Engineering from University of Massachusetts, Boston, USA • He has experience in the field of manufacturing filler compounds for plastic polymers. Mr. Manoj Vinod Lalwani , Independent Director • He holds a Bachelor of Science degree , an MBA degree from University of Rajasthan, Master of Valuation (Real Estate) degree. • He was previously associated with UTI Infrastructure, Technology and Services Limited (as its chief executive officer), Unit Trust of India, Jaipur Development Authority, Rajasthan State Industrial Development and Investment Corporation Limited. Mr. Punit Saxena, Independent Director • Holds Bachelor of Technology in Chemical Engineering degree from the IIT, Delhi • Has experience in the Health Care and Telecommunication Industry Mr. Rajneesh Bhandari, Independent Director • He is an associate member of the ICAI and holds a Bachelor of Commerce degree from Sydenham College. More than 25 years of experience in Audit, Taxation & Consulatation • He is a founder of a Chartered Accountancy firm with a specialization in Charitable Trust & NGO Mr. Deven Bipin Shah, Independent Director • She holds a Bachelor of Arts degree and a Master of Arts degree from the University of Bombay, Mumbai, Maharashtra. Ms. Sheetal Bhanot Shetty , Independent Director • He holds a Bachelor of Technology degree in I.T and engineering, a Master of International Business degree. • He is responsible for strengthening the operations vertical to improve the productivity of the Company Mr. Jatin Chadha, Chief Operating Officer • He is a Chartered Accountant (ICAI) and CPA (Delaware, USA) • He is responsible for the overall finance function and business transformation within in the Company Mr. Alpesh Porwal, Chief Financial Officer • He is an associate member of the ICSI and holds a M.Com degree, a Bachelor of Laws degree both from the University of Mumbai • He is responsible for the overall secretarial and statutory compliance in the Company Mr. Vishal Kishor Chanda, Company Secretary and Compliance Officer Management Team Board of Directors & Senior Management Team
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34 We understand the crucial role of collaboration in building a better tomorrow for all stakeholders. We have also ensured that beyond collaboration - our CSR initiatives span critical areas such as education and healthcare and continue to make a positive impact. We believe in “empowerment through employment” Supporting education through distribution of laptops to students from tribal and minority communities. Gifted a school bus to a school in Rajasthan. Recently distributed sewing machines promoting self reliance Undertaken tree Plantation Drive in Pali, Rajasthan Social Responsibility
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35 2023-24 Conferred as one of the Best Brands 2024 by ET Edge at the Best Brands Conclave 2022-23, 2021-22, 2020-21 Award for Top Exporter to the Company from the PEPC in the category for writing instruments 2020-21 Award for Top Exporter to the Company from the PEPC in the category for writing instruments 2019-20 Award for Top Exporter to the Company from the PEPC in the category for writing instruments 2018-19 Export Award to the Company from the PEPC in the category for writing instruments (excluding parts) 2017-18 Award for Second Best Exporter to the Company from the PEPC in the category for writing instruments 2016-17 Award for No. 1 Exporter to the Flair Group of Companies from the WIMO 2015-16 Award for No. 1 Exporter to the Flair Group of Companies from the WIMO 2015-16 Export Excellence Award for No. 1 Exporter to FPPIPL from the BFPMTA 2014-15 Award for No. 1 Exporter to the Flair Group of Companies from the WIMO 2014-15 Export Excellence Award for No. 1 Exporter to the Flair Group of Companies from the BFPMTA 2013-14 Most Valuable Brand 2014 award in the category of Gems, Jewellery and Accessories from WCRC 2012-13 Asia’s Most Promising Brands from WCRC 2010-11 Award for No. 1 Exporter to the Flair Group of Companies from the BFPMTA 2009-10 Award for No. 1 Exporter to the Flair Group of Companies from the BFPMTA 2008-09 Award for No. 1 Exporter to the Flair Group of Companies from the BFPMTA Top Awards and Accolades
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36 Performance in Charts 298.0 577.5 942.7 978.7 1,079.9 FY21 FY22 FY23 FY24 FY25 +38% Revenues EBITDA & EBITDA % PAT & PAT % 23.0 97.9 183.5 191.2 184.7 FY21 FY22 FY23 FY24 FY25 +68% 0.8 55.9 117.0 118.5 119.1 FY21 FY22 FY23 FY24 FY25 +249% RoCE (%)^ RoE (%)# *Debt to Equity (x) FY21 FY22 FY23 FY24 FY25 3.4% 18.6% 30.0% 17.3% 15.1% 0.53 0.41 0.28 0.08 0.06 FY21 FY22 FY23 FY24 FY25FY21 FY22 FY23 FY24 FY25 0.4% 17.5% 26.9% 13.2% 11.7% ₹ in Crs ^RoCE = EBIT/(Net Worth + Borrowings+ Lease Liabilities + Deffered tax liabilities) # RoE = PAT/ Net Worth *Debt includes Current & Non-Current Borrowings and Lease Liabilities. Equity includes Net Worth 7.7% 16.9% 19.5% 19.5% 0.3% 9.7% 12.4% 12.1% Equity base had more than doubled to Rs. 898.7 crores in FY24 due to net infusion of Rs. 346.4 crores from IPO proceeds Absolute borrowings repayment of Rs. 72.5 crores in FY24 17.1% 10.3%
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37 Historical Consolidated Profit & Loss Statement Particulars (₹ in crs) FY25 FY24 FY23 FY22 FY21 Revenue from Operations 1079.9 978.7 942.7 577.5 298.0 Cost of Materials Consumed 532.2 485.7 508.8 308.2 166.4 Gross Profit 547.7 493.0 433.9 269.3 131.6 GP % 50.7% 50.4% 46.0% 46.6% 44.2% Employee Benefits Expense 171.7 145.8 117.3 88.3 58.4 Other Expenses 191.2 156.0 133.0 83.0 50.0 EBITDA 184.7 191.2 183.5 97.9 23.2 EBITDA % 17.1% 19.5% 19.5% 16.9% 7.8% Other Income 24.6 14.5 11.6 10.2 12.9 Depreciation and Amortisation Expense 44.7 36.8 27.3 24.4 22.4 EBIT 164.6 169.0 167.8 83.4 13.5 Finance Costs 5.3 10.2 10.0 9.3 11.5 PBT 159.3 158.8 157.8 74.1 2.0 Total Tax Expense 40.3 40.3 40.8 18.2 1.2 Profit for the year 119.1 118.5 117.0 55.9 0.8 PAT % 11.0% 12.1% 12.4% 9.7% 0.3%
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COMPANY : Flair Writing Industries Limited CIN : L51100MH2016PLC284727 Mr. Alpesh Porwal (Chief Financial Officer) Email: alpesh@flairpens.com www.flairworld.in Ms. Darshi Jain darshi jain@in.mpms.mufg.com INVESTOR RELATIONS ADVISORS : MUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services Mr. Devansh Dedhia devansh.dedhia@in.mpms.mufg.com Thank You Meeting Request Link Link