Q1 2025 Banswara Syntex Ltd Earnings Call Transcript
Key Points
- Banswara Syntex Ltd (BOM:503722) has successfully launched its new brand, Simone Fredrico & Figli, which is gaining good traction in the market.
- The Fabric division witnessed a 10% growth in revenue to INR113 crores in Q1 FY25 compared to the same period last year.
- The company is focusing on high-value yarn products and modernizing existing machinery for better quality and efficiency.
- There are indications of market recovery in the second half of FY25, with a resurgence in demand expected.
- The company is proactively expanding its customer base, catering to midsized brands on a B2B basis in both domestic and export markets.
- Total income declined by 10% to INR274.7 crores in Q1 FY25 on a year-on-year basis.
- The Yarn division revenue witnessed a 25% decline in Q1 FY25 compared to Q1 FY24, attributed to muted demand and labor shortages.
- Garment sales declined by 14% year-on-year to INR53 crores due to subdued demand in both domestic and international markets.
- Margins have been hampered by subdued demand and pricing pressures in the industry globally.
- The capacity utilization in the Garment vertical stood at a low 46% for Q1 FY25.
Ladies and gentlemen, good day, and welcome to the Banswara Syntex Limited Q1 FY25 earnings conference call. This conference call may contain forward-looking statements about the company which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements are not a guarantee of future performance and involve risks and uncertainties that are difficult to predict. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Ravindra Toshniwal, Managing Director from Banswara Syntex Limited. Thank you, and over to you, sir.
Thank you. Hi, good afternoon, everyone, and I welcome you all to our quarter one FY25 earnings conference call. Along with me on this call, we have our CFO, Ms. Kavita Gandhi, and SGA, our Investor Relations advisers. I hope all of you have been able to go through our investor presentation uploaded on the exchange and on our company website.
Let me begin with
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