Income of top-load washers section grew 22.3% on 12 months to ₹116.7 crore in March quarter pushed by new collection launch. It was sooner than trade progress of 15-16% gaining a market share of 1.5-2%.
However, income of the front-load washers section dropped by 1.3% to ₹223.4 crore amid slower demand for as much as 10kg section. The corporate plans to speculate ₹100-₹130 crore to extend manufacturing of 12-13 kg washing machines.
BusinessesWithin the AC section, the corporate offered 400,000 items, which was beneath the steerage of 490,000 issued in the beginning of the 12 months. The corporate has avoided giving AC gross sales quantity steerage for FY26 nevertheless it expects strong progress.
The gross sales quantity of fridges section rose two-fold to 290,000 items in FY25. It has given an bold sale goal of 730,000 items for FY26. This works out to 60,000 items of gross sales a month, increased than the typical month-to-month gross sales of underneath 25,000 items in FY25. Whereas the corporate expects to cross 50,000 items of month-to-month gross sales within the coming quarters, will probably be a tall activity to satisfy the full-year steerage.
IFB’s income and web revenue grew by 22.3% and 57.3% to ₹1,333.7 crore and ₹18.9 crore year-on-year within the March quarter respectively. The working margin earlier than depreciation and amortisation (PBDIT margin) improved by 20 foundation factors to five.3%. The corporate has initiated a cost-reduction challenge to avoid wasting ₹200 crore in bills over 18 months. Of this, ₹60-₹80 crore is anticipated to replicate within the FY26 financials.Sure Securities has downgraded inventory to ‘add’ from ‘purchase’ with a 5% decline in goal value to ₹1,702 stating will probably be cautious as firm has not been in a position to ship on margin expectation in previous. “Elevated competitors from Voltas Beko, Whirlpool and Bosch a threat to income progress,” the brokerage stated.
