Cello World Limited has released the transcript of its investor call held on May 29, 2026, discussing the audited financial results for the fourth quarter and the full year ended March 31, 2026. During the call, the company highlighted that FY26 was a year of consolidation, marked by various headwinds. Initiatives undertaken included product portfolio rationalization, distribution strategy realignment focusing on e-commerce and quick commerce, enhancing operational efficiencies, and commissioning new manufacturing lines for steel bottles. The company expects these initiatives to strengthen its long-term foundation and reflect positively in FY27 performance. For FY26, revenue grew by 9%, with EBITDA at ₹526 crores (22.7% margin) and PAT margin at 14.3%. Q4 FY26 saw the highest-ever quarterly revenue of ₹654 crores, an 11% year-on-year growth. Consumerware contributed 66.4% of Q4 revenue, writing instruments 19.6%, and moulded furniture/allied products 14%. The company reported a Q4 EBITDA of ₹136.6 crores (20.9% margin) and PAT of ₹90.1 crores (13.8% margin). Challenges were noted in the Hydration segment due to stock-outs and subdued growth in storage, houseware, and cleanware due to slow consumer demand. The glassware segment remained at breakeven due to dumping of imported products from China, with utilization at 60%. Writing instruments showed strong growth of 64% in Q4, reaching ₹128 crores, with expectations to exceed ₹500 crores in FY27. Moulded furniture declined by 13.5% year-on-year. E-commerce and quick commerce channels now account for 17% of overall revenue. Looking ahead to FY27, Cello World anticipates 10-12% revenue growth and aims to improve EBITDA margins by 2-2.5%. Capex for FY27 is projected at ₹100 crores. The company is also exploring inorganic growth opportunities through acquisitions.
