Bajaj Electricals Limited · NSE:BAJAJELEC
Bajaj Electricals — Q3 FY2024 Earnings Presentation
30 slides from Bajaj Electricals's earnings presentation, Feb 5, 2024
Slide 1: Exchange filing cover letter
February 5, 2024 To, BSE Limited : Code No. 500031 Department of Corporate Services Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001 National Stock Exchange of India Limited : BAJAJELEC - Series: EQ Listing Department Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 Dear Sir/
Slide 2: Investor Presentation Q3 FY'24
TBU with revised images Investor Presentation Q3 FY’24 February 5, 2024
Slide 3: Disclaimer
Disclaimer The material that follows is a Presentation of general background information about the activities of Bajaj Electricals Limited (“Company”) or its subsidiary or joint venture or associate (together with the Company, the “Group”) as at the date of the Presentation or as otherwise indicated
Slide 4: Table of Contents
Table of Contents 1 Q3 FY’24 – FMEG Performance Overview 2 Financial Highlights 3 Business Highlights 3
Slide 5: Table of Contents
Table of Contents 1 Q3 FY’24 – FMEG Performance Overview 2 Financial Highlights 3 Business Highlights 4
Slide 6: Q3 FY'24 – Performance Overview
Q3 FY’24 – Performance Overview Core FMEG Performance (Contracted by c.6% on YoY basis on account of weak consumer sentiment) • Consumer Products (CP) Segment: Drop in appliances and fans due to tepid demand • Lighting Solutions (LS) Segment: Flattish despite sluggish demand and LED price erosion Ch
Slide 7: Table of Contents
Table of Contents 1 Q3 FY’24 – FMEG Performance Overview 2 Financial Highlights 3 Business Highlights 6
Slide 8: Q3 FY'24 – Profit & Loss Statement
Q3 FY’24 – Profit & Loss Statement (INR Cr) Particulars Q3 FY’24 Q3 FY’23 YoY (%) Q2 FY’24 Commentary Revenue from Operations 1,228 1,309 (6.2)% 1,113 Revenue: Contracted on account of muted consumer demand and high base effect in fans Less : COGS 871 869 0.3% 783 Gross Margin: Dropped on account of
Slide 9: Q3 FY'24 – Segment Details
Q3 FY’24 – Segment Details Segment Revenue Commentary Q3 FY’24 Q3 FY’23 Q2 FY’24 Consumer Products Segment: Particulars YoY (%) (Cr) (Cr) (Cr) • Contracted owing to sustained weakness in Consumer Products 957 1,039 (8.0)% 858 consumer sentiment Lighting Solutions 272 270 0.6% 255 • High base effect
Slide 10: Cash Flow Summary: 9M FY'24
Cash Flow Summary: 9M FY’24 Particulars INR Cr Commentary Profit Before Tax 149 Cash Flow from Operating Activities Adjustments for : (CFO) : • Non-Cash items 90 • (Increase) / Decrease in Working Capital (24) • Positive CFO of INR 207 Cr contributed Taxes Paid (5) by reduction in inventories and op
Slide 11: Cash Position
Cash Position (INR Cr) As on As on As on Particulars Dec’23 Sep’23 Mar’23 Cash & Cash Equivalent 71 78 342 Investment (surplus funds) 126 126 69 Sub-Total 198 204 411 Gross Debt - - - Net Position 198 204 411 Net Worth 1,413 1,348 1,907 CRISIL ratings : • Long Term Rating – CRISIL AA-/ Stable • Shor
Slide 12: Table of Contents
Table of Contents 1 Q3 FY’24 – FMEG Performance Overview 2 Financial Highlights 3 Business Highlights 11
Slide 13: Awards won: Good Design Award 2023
Good Design Award | Won 3rd time in a row Award 2023 4 Awards won Good Design is a prestigious international award – initiated in 1950 by The Chicago Athenaeum Museum of Architecture and Design and Metropolitan Arts Press Ltd. 12 for the most innovative and cutting-edge industrial, product, and grap
Slide 14: New Product Launches: Fans & Appliances (BAJAJ)
New Product Launches: Fans & Appliances (BAJAJ) 90* Launches ARIOSO 12DC5R ROBUSTO (TPW) GLAMORE PENTACLE CHISEL • DuraBreeze Technology with 3 • Military Grade Jars tested under • Built on Bajaj DuraAce Tank/ • Bajaj DuraTuff Pro Motor • BEE 5 Star Rated BLDC Fan MIL-STD 810H Bajaj DuraCoat Non-Sti
Slide 15: New Product Launches: Morphy Richards
New Product Launches: Morphy Richards 10* Launches ` Vogue Professional Thermocore Analog & Vogue Stream Garment Cafe Artisan 4 in 1 & 2-1 BlendMaster Upright Garment Steamer Digital OFR Steamer • 7 in 1 Fully automatic grind- • 2000W Ready to use in • 2000W & 15 Fins radiator • 1200-Watt/ horizonta
Slide 16: New Product Launches: NPG (Bajaj & Nirlep)
New Product Launches: NPG (Bajaj & Nirlep) 54* Launches NutriHealth Pro Pressure NutriHealth Pressure Cooker Gas Stove NutriHealth Pro (NHPro) NutriHealth (NH) Cooker (NHPro) Range (NHP) Range • With Silver Ion Coating → • With Silver Ion Coating → • Nutri Vent : Advanced Nutrition • Nutri Vent : Ad
Slide 17: Launched New Colors in Nex Ceiling Fans
Launched New Colors in Nex Ceiling Fans 16
Slide 18: Nex foraying into Trade
Rathna Fan House, Chennai 16th Dec 2023 Nex foraying into Trade Vasanth & Co., Sneak peek into the Chennai launches in 16th Dec 2023 Bangalore, Hyderabad, Chennai and Pune 17
Slide 19: New Product Launches: Consumer Lighting
New Product Launches: Consumer Lighting 30* Launches BAJAJ LEDZ ETERNO INVERTER BAJAJ BEAM MAX LED BATTTEN HYPERION FILAMENT LED BAJAJ GLIMMER XL LED STRING LAMP 9W 36W CDL CANDLE 4W E14 LIGHT • Inverter Lamp with Charge Indicator • Voltage Surge Protection of 4kV • 90% Energy Saving as compared • R
Slide 20: Professional Lighting Installations
Professional Lighting Installations The Grand View of the GolcondaFort under BAJAJ Lights 19
Slide 21: Professional Lighting Installations
Professional Lighting Installations BAJAJ Lighting at Valmiki International Airport, Ayodhya We have also successfully completed installations in Ayodhya Dham Junction railway station 20
Slide 22: Professional Lighting Installations
Professional Lighting Installations Orange Mall, Nagpur 21
Slide 23: Professional Lighting Installations
Professional Lighting Installations BEL HO 22
Slide 24: Professional Lighting – Flag Mast Installations
Professional Lighting – Flag Mast Installations JSW, Mumbai Gwalior Airport UP Governor House 23
Slide 25: BAJAJ Campaigns
Digital Water Heater PAN India Multimedia MG Campaign - YouTube and Campaign - TVC, Print, BTL Digital and BTL BAJAJ Campaigns 24
Slide 26: Digital Influencer Interventions
Digital Influencer Interventions Chef Kunal Kapur (PAN India) Multi-Platform Digital Influencer Campaign 25
Slide 27: Morphy Richards Campaign
Morphy Richards Campaign PAN India Personal Grooming launch campaign North specific Room Heater campaign – PAN India Coffee Maker campaign – with – with Parul Gulati, Ahan Shetty, Tripti Dimri with Ali Fazal & Richa Chadha Sayani Gupta 26
Slide 28: Morphy Richards: Festive Celebrations
Morphy Richards: Festive Celebrations 27
Slide 29: Awards & Recognition
Awards & Recognition Quality Enterprise Leadership MQH Best Practices #WeKonnect Insights Excellence Award - 2023 Award - 2023 Award - 2023 By Frost & Sullivan’s Project By IMC Ramkrishna By Konnect Insights Evaluation and Recognition Bajaj National Quality - a unified customer Program (PERP) Award
Slide 30: Shareholding Pattern as on 31st December, 2023
Shareholding Pattern as on 31st December, 2023 Bajaj Electricals Limited 14.6% CIN: L31500MH1938PLC009887 Regd. Office: 45/47, Veer Nariman Road, Fort, Mumbai 400023 10.4% Website: www.bajajelectricals.com IR related queries (Bajaj Electricals Limited): Suketu Shah (suketu.shah@bajajelectricals.com)