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Revenue
₹587 Cr
verified against source
Revenue YoY
20%
reported change
EBITDA
₹141.3 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Cello World delivered a strong Q2 FY26 with revenue of ₹587.4 crore, up 20% YoY, driven by festive demand and consumerware growth of 23%. EBITDA margin came in at 24%, while PAT stood at ₹85.7 crore. The glassware plant achieved breakeven at 60% utilization, though steelware faced supply constraints and margin pressure. Management guided for double-digit revenue growth and EBITDA margins of 22-23% for FY26. The acquisition of the Cello brand for writing instruments from BIC is expected to close within the month, with revenue contribution starting in Q4. Key risks include sustained margin pressure from steelware and glassware ramp-up, and potential demand slowdown post-festive season.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects to achieve 12-15% revenue growth for the full year, with H1 growth at 13%.
- EBITDA margin (excluding other income) is guided at 22-23% for FY26, with H1 at 22%.
- The steel plant will start production in December 2025, stabilizing in 4-5 months, improving supply chain and margins.
- The acquisition of the Cello brand for writing instruments is expected to close within the month, with revenue contribution from Q4 FY26.
Risks flagged
- Steel category declined due to supply shortages and higher OEM costs, impacting margins. Recovery depends on new plant ramp-up.
- Glassware plant at 60% utilization; meaningful margin contribution requires 70-75% utilization, which may take time.
- Q2 growth was partly driven by early festive demand; sustainability of demand in Q3 and Q4 remains uncertain.
- Management declined to provide specific revenue or margin targets for the acquired Cello brand, citing premature stage.
Key quotes
- We are very excited to bring this back into our company soon. Many years back we had divested this brand to a global company.
- Our focus now is on continuing expanding our market share in the coming quarters.
- I think the brand equity still remains very strong. ... I think just doing some things right will lead to good numbers here.
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