Q2 2025 KDDL Ltd Earnings Call Transcript
Key Points
- KDDL Ltd (BOM:532054) has commenced commercial production in its bracelet division, which has received an encouraging response and is expected to offset performance challenges in other segments.
- The precision engineering business, Eigen, continues to show strong momentum with a 46% increase in revenue compared to the same period last year, driven by robust export demand.
- KDDL Ltd (BOM:532054) has secured a new production facility in Bangalore to support the growth of its precision engineering business, indicating a strategic expansion plan.
- The company has launched a new packaging unit in Panchkula, enhancing its capacity to produce 100,000 packaging boxes per month for both domestic and export markets.
- The acquisition and relaunch of the Favre Leuba brand have been met with positive responses, with plans for international availability starting January 2025, indicating potential growth in the luxury watch segment.
- The global luxury goods sector, including premium watch brands, is experiencing a decline in consumer spending, particularly in key markets like China and Hong Kong, impacting KDDL Ltd (BOM:532054)'s watch component segment.
- Supply chain disruptions and rising costs of materials like steel and precious metals are putting pressure on margins in the watch component sector.
- Currency exchange rate fluctuations have increased component costs for buyers in markets with depreciated currencies, affecting KDDL Ltd (BOM:532054)'s profitability.
- The company is facing challenges in the watch component segment due to inventory corrections and a decline in Swiss watch exports, leading to reduced order inflow.
- Estima, a subsidiary focused on Swiss-made components, continues to incur losses due to the slowdown in the Swiss watch market, delaying its turnaround.
Ladies and gentlemen, good day, and welcome to the KDDL Limited Q2 and FY 25 Earnings conference call. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions, and expectation of the company as on date of this call. These statements are not the guarantees 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. Yashovardhan Saboo, Chairman and Managing Director of KDDL Limited. Thank you, and over to you, sir.
Thank you very much. Good morning, everybody. Thank you for joining us on the KDDL Limited Q2 and H1 FY25 earnings conference call. I hope everyone has had a chance to review our financial results and investor presentation recently posted on the company's website and stock exchanges. I'm accompanied by our CFO and Executive Director, Mr. Sanjeev
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