RR Kabel Limited reports strong performance for Q2 & H1 FY24
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RR Kabel (RRK), the leading consumer electrical player and 5th largest Wires and Cables (W&C) Company in India with over 7% market share (of the branded market) & strong presence in Fast Moving Electrical Goods (FMEG) has announced its Unaudited Financial Results for the quarter ended on September 30, 2023.
Key Financial Highlights
Operational Highlights
W&C
* Revenue from the W&C segment registered ~24% growth in H1 FY24 compared to H1 FY23.
* EBIT from the W&C segment doubled from Rs 126 cr to Rs 258 cr, demonstrating a remarkable growth of over 100%, on the back of margin expansion
FMEG
* Revenue from FMEG segment registered a growth of ~20% in H1 FY24 over H1 FY23 on the back of the product mix, and increase in contribution from HEB which was acquired last year in May’22
* EBIT improved due to increase in the gross margin which is partly off set by indirect expenses
* FMEG business segment continue to remain negative, due to higher fixed cost and lower capacity utilization
Commenting on the Results, Mr. Shreegopal Kabra, MD said, - “ Throughout the past six months, RR Kabel has demonstrated a promising performance, marked by strong growth in our sales volume. This has been underpinned by the thriving real estate sector, robust infrastructure development, and a flourishing export market. It is equally essential to recognize that this success has been achieved through a steadfast commitment to deliver products of the highest quality while ensuring the utmost safety for our customers.”
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