Bajaj Electricals Limited · NSE:BAJAJELEC
Bajaj Electricals — Q4 FY2024 Earnings Presentation
31 slides from Bajaj Electricals's earnings presentation, May 14, 2024
Slide 1: Exchange filing cover letter for results presentation
May 14, 2024 To, BSE Limited : Code No. 500031 Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001. National Stock Exchange of India Limited : BAJAJELEC – Series: EQ Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai 400 051. Dear Sir/Madam, Sub.: Presentation on the Financial Results o
Slide 2: Investor Presentation Q4 FY'24
TBU with revised images Investor Presentation Q4 FY’24 May 14, 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 Q4 FY’24 – FMEG Performance Overview 2 Financial Highlights 3 Business Highlights 3
Slide 5: Table of Contents
Table of Contents 1 Q4 FY’24 – FMEG Performance Overview 2 Financial Highlights 3 Business Highlights 4
Slide 6: Q4 FY'24 – Performance Overview
Q4 FY’24 – Performance Overview Core FMEG Performance (Contracted by c.8% on YoY basis on account of weakness in appliances and GT) • Consumer Products (CP) Segment: Dropped mainly due to contraction in appliances • Lighting Solutions (LS) Segment: Contraction on account of LED price erosion and hig
Slide 7: Table of Contents
Table of Contents 1 Q4 FY’24 – FMEG Performance Overview 2 Financial Highlights 3 Business Highlights 6
Slide 8: Q4 FY'24 – Profit & Loss Statement
Q4 FY’24 – Profit & Loss Statement (INR Cr) Particulars Q4 FY’24 Q4 FY’23 YoY (%) Q3 FY’24 Commentary Revenue from Operations 1,188 1,292 (8.0%) 1,228 Revenue: Dropped on account of weakness in appliances and general trade Less : COGS 851 908 (6.3%) 871 Gross Margin 337 384 (12.3%) 357 Gross Margin:
Slide 9: Q4 FY'24 – Segment Details
Q4 FY’24 – Segment Details Segment Revenue Commentary Q4 FY’24 Q4 FY’23 Q3 FY’24 Consumer Products Segment: Particulars YoY (%) (Cr) (Cr) (Cr) • Growth in fans and Morphy Richards offset Consumer Products 917 987 (7.0%) 957 by drop in appliances Lighting Solutions 271 305 (11.3%) 272 • Margins under
Slide 10: Cash Flow Summary: FY'24
Cash Flow Summary: FY’24 Particulars INR Cr Commentary Profit Before Tax 173 Cash Flow from Operating Activities Adjustments for : (CFO) : • Non-Cash items 116 • Positive CFO of INR 353 Cr contributed • (Increase) / Decrease in Working Capital 70 by improved working capital and Taxes Paid (3) operat
Slide 11: Cash Position
Cash Position (INR Cr) As on As on As on Particulars Mar’24 Dec’23 Mar’23 Cash & Cash Equivalent 114 71 342 Investment (surplus funds) 191 126 69 Sub-Total 305 198 411 Gross Debt - - - Net Position 305 198 411 Net Worth 1,441 1,413 1,907 CRISIL ratings : • Long Term Rating – CRISIL AA-/ Stable • Sho
Slide 12: FY'24 – Profit & Loss Statement
FY’24 – Profit & Loss Statement (INR Cr) Particulars FY’24 FY’23 YoY (%) Segment Revenue Revenue from Operations 4,641 4,889 (5.1%) Particulars FY’24 (Cr) FY’23 (Cr) YoY (%) Less : COGS 3,287 3,381 (2.8%) Consumer Products 3,604 3,764 (4.3%) Gross Margin 1,354 1,508 (10.2%) Lighting Solutions 1,037
Slide 13: Table of Contents
Table of Contents 1 Q4 FY’24 – FMEG Performance Overview 2 Financial Highlights 3 Business Highlights 12
Slide 14: New Product Launches: Fans & Appliances (BAJAJ)
New Product Launches: Fans & Appliances (BAJAJ) 47* Launches XFORCE 100 (Semi- ARIOSO BLDC PLUS CLASSICO SLEEK PENTA ROBUSTO TPW ELEVATE 90 DIGI commercial) • Energy Efficient BLDC Fan • Aerodynamic design – 5 blades • Bajaj DuraTuff Pro Motor • Bajaj DuraMarine Pump with 2- • Energy Efficient BEE 5
Slide 15: New Product Launches: Morphy Richards
New Product Launches: Morphy Richards 8* Launches ` Dual Basket Air Fryer Storm Blender 30CGD Microwave Oven TetraGrind 3Jar 750W MG ProMix Hand Mixer • 2500W power • 1000W copper motor • 30L capacity • 750W, 20000 RPM Motor • 300W copper motor • 2 independent basket with • 3 stainless steel jars wi
Slide 16: New Product Launches: Cookware (Bajaj & Nirlep)
New Product Launches: Cookware (Bajaj & Nirlep) 18* Launches Size & capacity variation of existing range NutriHealth Pro (NHPro) NutriHealth (NH) NutriHealth Pro Pressure Cooker (NHPro) Range • With Silver Ion Coating → • With Silver Ion Coating → • Nutri Vent : Advanced Nutrition kills 99% Bacteria
Slide 17: New Product Launches: Nex
New Product Launches: Nex DRYFT A95 BLDC IoT GLYDE A80 BLDC • Works with Alexa, Google & NEX app • IR Based Remote control operation • ABS Blades with SharqFin for low noise and Minimum Air • Al Blades with Adjustable Down Rod Drag • 33W BLDC Motor with 5-star Rating • 41W BLDC Motor with 5-star Rat
Slide 18: New Product Launches: Consumer Lighting
New Product Launches: Consumer Lighting 31* Launches IVORA COMPACT DOWNLIGHT 3W CELESTA LED DEEP BEAM PRO LED BATTEN 20W CDL IVORA PLUS LED PANEL 3-IN-1 CCT/COLOUR DOWNLIGHT 5W, 9W • Lumen Efficacy of 100 lm/W • Available in 2 Options • Lumen Efficacy of 90 lm/W • Lumen Efficacy of variants 90 lm/W
Slide 19: New Product Launches: Professional Lighting
New Product Launches: Professional Lighting 160 lm/W High-Efficacy Highbay 12 Cloud Offers a remarkable efficacy of 160 lm/w, also has an economical option of 130 lm/W Mobile App Innovative design to enhance Bajaj SynChronus workspace aesthetics Web Portal Versatile application in varied Gateway env
Slide 20: New Product Launches: Professional Lighting
New Product Launches: Professional Lighting D AW N Surface Mounted LED Batten 20W & 40W 14 Available Energy Efficient Long Life Sleek Design Wattages Batten Delivering Enhancing 20W & 40W High Efficacy Aesthetics
Slide 21: Professional Lighting Installations
Professional Lighting Installations Tunnel Lighting | Mumbai Coastal Road • Best-in-Class LED Luminaires: ➢ Optimal brightness and color rendition ➢ Fire retardant polycarbonate lens ➢ Luminaire mounted on specialised stainless-steel brackets • Smart Lighting Control System: ➢ Dynamic lighting accor
Slide 22: Professional Lighting Installations
Professional Lighting Installations Anna Indoor Stadium, Trichy Venue of Khelo India, January 2024 Solar Steet Lighting | Trichy Bypass 21
Slide 23: Professional Lighting Installations
Professional Lighting Installations Landscape Lighting | CPWD, Andaman & Nicobar Island 22
Slide 24: Market Activation | Bajaj
> . . . -. |. Market Activation | Bajaj 23
Slide 25: Morphy Richards | Café Artisan Launch Event
Morphy Richards | Café Artisan Launch Event 24
Slide 26: Valentine's Day Campaign | Morphy Richards
Valentine’s Day Campaign | Morphy Richards 25
Slide 27: Market Activation | Morphy Richards
Market Activation | Morphy Richards 26
Slide 28: Nex Trade Meet - Delhi
nex FEEL THE FUTURE. Nex Trade Meet - Delhi
Slide 29: Go-To-Market Initiative: Consumer Lighting
Go-To-Market Initiative : Consumer Lighting Kicked off pilot for Go- Distributor Meet LAS T-Shirts Distribution Electricians Meet To-Market initiatives in 5 markets Bulb Tester Unit placement POSM Distribution Retailer Meet 28
Slide 30: Awards & Recognition
Awards & Recognition DMA Asia Echo Award 2023 Recognition of the BAJAJ “Built For Life” transformation campaign for elevating the brand with relevance to modern consumers 29
Slide 31: Shareholding Pattern as on 31st March, 2024 and Proposed Dividend
Shareholding Pattern as on 31st March, 2024 Proposed Dividend 14.4% Proposed dividend per share (INR) 3 Proposed dividend (%) 150% Proposed dividend Payout Ratio (%)* 26.2% *on standalone PAT 10.2% Bajaj Electricals Limited CIN: L31500MH1938PLC009887 12.6% 62.8% Regd. Office: 45/47, Veer Nariman Roa