Carysil 🎉 (Concall in simple words)
✅ Dealer network expansion is at massive pace from 1,500+ to 3,200+ pan India ♥️
✅ Aim to achieve Rs. 1,000 crores in revenue by FY25 ♥️
✅ 75 Galleries across India, ~ 50 signed new, should be established in next 6 months ♥️
1️⃣ Market Expansion and Product Innovation:
▫️They plan to use 70% of quartz sinks and 67% of stainless steel sink capacity by the end of FY24
▫️The dealership network in India grown from 1,500 to 3,200 💡
▫️Partnered with Howdens UK for kitchen sinks & received their first order
▫️Appliance sales will start from a new factory in March 2024
▫️Positive feedback from Dubai led to a new subsidiary in Turkey
2️⃣ Financial Performance:
▫️Acquired United Granite LLC expected to boost profits in the upcoming quarters
▫️Gross debt of Rs. 270 crores and a net debt of Rs. 260 crores
3️⃣ Guidance and Targets 💡
▫️They expect to sell 6 lakh sink units by FY24
▫️Targeting revenue of Rs. 1,000 crores by FY25 ♥️
4️⃣ Partnerships & New Products 💡
▫️Collaborated with Kaelo for wine chiller buckets in the UK market
▫️Planning to introduce hot water taps in India in Q1 2024-25
5️⃣ Market Performance:
▫️ Carysil performed well in the US and UK markets, completing the destocking process
▫️The impact of the Red Sea situation on shipping is being monitored
Other details in Thread 🧵
⚠️ Disclaimer:
▫️Invested & tracking from 200-300₹ levels, biased.
▫️Not a SEBI registered analyst, not a buy sell hold recommendation
▫️Purely an educational content
#Carysil #Sternhagen #StockMarket
✅ Dealer network expansion is at massive pace from 1,500+ to 3,200+ pan India ♥️
✅ Aim to achieve Rs. 1,000 crores in revenue by FY25 ♥️
✅ 75 Galleries across India, ~ 50 signed new, should be established in next 6 months ♥️
1️⃣ Market Expansion and Product Innovation:
▫️They plan to use 70% of quartz sinks and 67% of stainless steel sink capacity by the end of FY24
▫️The dealership network in India grown from 1,500 to 3,200 💡
▫️Partnered with Howdens UK for kitchen sinks & received their first order
▫️Appliance sales will start from a new factory in March 2024
▫️Positive feedback from Dubai led to a new subsidiary in Turkey
2️⃣ Financial Performance:
▫️Acquired United Granite LLC expected to boost profits in the upcoming quarters
▫️Gross debt of Rs. 270 crores and a net debt of Rs. 260 crores
3️⃣ Guidance and Targets 💡
▫️They expect to sell 6 lakh sink units by FY24
▫️Targeting revenue of Rs. 1,000 crores by FY25 ♥️
4️⃣ Partnerships & New Products 💡
▫️Collaborated with Kaelo for wine chiller buckets in the UK market
▫️Planning to introduce hot water taps in India in Q1 2024-25
5️⃣ Market Performance:
▫️ Carysil performed well in the US and UK markets, completing the destocking process
▫️The impact of the Red Sea situation on shipping is being monitored
Other details in Thread 🧵
⚠️ Disclaimer:
▫️Invested & tracking from 200-300₹ levels, biased.
▫️Not a SEBI registered analyst, not a buy sell hold recommendation
▫️Purely an educational content
#Carysil #Sternhagen #StockMarket
🍀 Quartz Sinks - Existing capacity
🍀 Stainless steel sinks - stats
🍀 Kitchen Appliances
▫️ Contribute 4.1% to the revenue as of 9M FY 24
▫️ Contribute 4.1% to the revenue as of 9M FY 24
🍀 Product Galleries ♥️
🧠 Why they're are penetrating Indian market now?
▫️ Carysil has been a renowned brand and famous for exporting the Products to US, UK, UAE, that helps achieving a good PAT Margin of 18-21% throughout the years.
▫️ Now, India is a huge market that nobody wants to miss out to
▫️No wonder if they keep on targeting Indian market expansion.
▫️ This not a QUARTZ SINK BRAND alone anymore, they have increased a product portfolio to Bath segment, Kitchenware etc.
🧠 Premiumization, they're banking on in my opinion, which every Indian would want sooner or later.
Cheers 🥂 & Good luck @carysil_
⚠️ Invested, Biased. #Carysil
🧠 Why they're are penetrating Indian market now?
▫️ Carysil has been a renowned brand and famous for exporting the Products to US, UK, UAE, that helps achieving a good PAT Margin of 18-21% throughout the years.
▫️ Now, India is a huge market that nobody wants to miss out to
▫️No wonder if they keep on targeting Indian market expansion.
▫️ This not a QUARTZ SINK BRAND alone anymore, they have increased a product portfolio to Bath segment, Kitchenware etc.
🧠 Premiumization, they're banking on in my opinion, which every Indian would want sooner or later.
Cheers 🥂 & Good luck @carysil_
⚠️ Invested, Biased. #Carysil
📽️ Attached is one of the Product Gallery in Gurugram, India
▫️ 75 such galleries are functional in India till date
▫️ ~50 have been signed for setting up new and would be functional in the next 6 months
#Carysil #Gurugram #StockMarket
▫️ 75 such galleries are functional in India till date
▫️ ~50 have been signed for setting up new and would be functional in the next 6 months
#Carysil #Gurugram #StockMarket
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