Ifb Industries Ltd · NSE:IFBIND
Ifb Industries — Q4 FY2025 Earnings Presentation
51 slides from Ifb Industries's earnings presentation, Jun 2, 2025
Slide 1: Cover letter to stock exchanges
2nd June, 2025 The Manager Department of Corporate Services Bombay Stock Exchange Ltd, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001 The Manager The National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor Plot No-C/1, G Block, BKC, Mumbai -400051 Dear Sir, Sub: Investor Presentation
Slide 2: Investor conference call invitation
NIRMAL BANG INSTITUTIONAL EQUITIES Cordially invites you to a conference call to discuss the 3QFY25 results of IFB Industries Ltd. On Thursday, 5 June 2025 at 4:00 pm IST IFB Industries management will be represented by: Mr. Bikramjit Nag (Chairman), Mr. P.H. Narayanan (MD - Engg. Dvision.), Mr. C.S
Slide 3: IFB Industries Financial Report FY 2024-2025
FY 2024-2025 IFB FINANCIAL REPORT INDUSTRIES LIMITED I QUO 31st March 2025 I
Slide 4: Q4 FY25 results summary
₹. in Crore Particulars Q4 FY 24-25 Q4 FY 23-24 Growth % Revenue 1311.68 1066.68 23% PBDIT 69.39 54.35 28% Revenue growth for the quarter has been 23%. Flat revenue growth in January PBDIT % on revenue 5.29 5.10 and February impacted fourth quarter revenue. PBT 29.34 16.23 81% PBDIT growth was 28% d
Slide 5: Full year FY25 results
Growth in PBDIT level propelled by revenue growth and margin improvement ₹. in Crore FY 24-25 FY 23-24 Growth % Particulars IFBIL IFBIL IFBIL Revenue 4977.19 4343.99 15% PBDIT 324.61 240.22 35% Revenue growth was 15%. PBDIT % on revenue 6.52 5.53 PBDIT growth is at 35% during the fiscal year due to
Slide 6: Operating profit, revenue and PAT trends
69 Operating Profit/PBDIT ₹. In Crore 58 54 38 Q4 -7 FY 20-21 FY 21-22 FY 22-23 FY 23-24 FY 24-25 Total Revenue ₹ In Crore ₹. in Crore 1312 Q4 1067 Q4 Profit After Tax (PAT) ₹. In Crore 994 899 811 FY 20-21 FY 21-22 FY 22-23 FY 23-24 FY 24-25 4
Slide 7: Q4 key metrics
Total Revenue Revenue from Operations PBDIT ₹ 1312 Crore ₹ 1300 Crore ₹ 69 Crore (+) 23% (+) 23.2 % (+) 27.7% PBDIT Margin % Net Profit Margin % EPS~ 5.29% 1.70% ₹ 5.50 (+) 19 bps (+) 40 bps (+) 60.8% Receivable Inventories Accounts Payable ₹ 404 crores ₹ 668 crores ₹ 924 Crore (-) 6.4% (+) 24.5% (-
Slide 8: FY25 key metrics
Total Revenue Revenue from Operations PBDIT ₹ 4,977 Crore ₹ ₹ (+) 14.6% PBDIT Margin % Net Profit Margin % EPS~ ₹ Receivable Inventories Accounts Payable ₹ ₹ ₹ 924Crore (-) 3% Borrowings RONW % ~ Operating Cashflow ₹ 98 Crore ₹ (+) 45% 6
Slide 9: Debt and cash position
Long-term debts stands at ₹ 21.86 crores which pertain to our Stamping and Steel Division and this will be paid off by February 2027 and August 2028 respectively. We are deliberately not making pre- payment because we want to conserve cash for future needs, particularly for M&A proposals which curre
Slide 10: Home Appliance Division Q4 FY2024-2025
+ Home Appliance - Division Q4 FY 2024-2025
Slide 11: Home Appliances Division business update
Home Appliances Division IFB e The demand for consumer durables in India continues to grow, driven by rising disposable incomes and rapid technological advancements. In Q4, this surge was particularly evident in categories like Air Conditioners and B U S l | ) e S S Refrigerators, primarily due to e
Slide 12: Washers Market Trends and Consumer Preferences
Marginal Q4 Growth: The fourth quarter of the year commenced with a modest industry growth of 3% to 5% compared to the previous year, signaling a potentially positive trajectory as indicated by GFK data for 2025. However, a significant portion of major accounts experienced a decline, Washers Market
Slide 13: Strategic Approach
Strategic Approach Premium Brand Positioning: While the company's product line benefits from a premium market positioning attributed to its aesthetics, features, and comprehensive warranty, the primary focus should be on enhancing the in-store customer experience. Enhancing In-Store Experience: Key
Slide 14: Smartest entry in Washer Dryer Refresher
Smartest entry in Washer Dryer Refresher The market for Washer Dryer is growing notably in India, consumers are moving towards 2 in 1 solution for wash & dry. In order to capitalize the growing market needs we’re expanding our portfolio in washer dryer by introducing 3 in 1 Washer/Dryer/Refresher ha
Slide 15: Eco Inverter Motor and bold new look
As part of our commitment to making energy-efficient technology more accessible, we’re proud to introduce Eco Inverter Motor in our 8KG Top Load range. This marks the first step in our plan to democratize Eco Inverter as a standard across our full lineup. Responding to strong market demand, this lau
Slide 16: Dishwasher market and performance
In FY 2024~25, Domestic dishwasher(DW) market has touched an approx. volume of 1.5~1.6 lacs units, with three of the top brands occupying 80% of the total market & these brands are Bosch, IFB & LG. DW market recorded an approx. growth of 30~35 % over last year & comparatively we have experienced a b
Slide 17: Microwave oven market
The Microwave Oven market has been flat for Q4 of FY 24-25. The solo category is gaining share from 34% for the Q4 of FY 2023~24 to 39 % for Q4 of FY 2024~25. IFB continues to hold the second position in the market as of end of Q4 of FY 24-25. Based on study about market trends, we have witnessed a
Slide 18: Chimneys, Hobs and built-in kitchen appliances
Built in Oven, Built in Dishwashers, Built in MWOs, Chimneys and Hobs There is a dedicated and immediate focus to ensure that we are in the top ten cities in the country, and the gaps in areas like exclusive manning, right model placements and displays, trained CSRs at all IFB Points & identificatio
Slide 19: Air conditioner industry outlook
The Indian room air-conditioner industry is expected to grow by 12% to 15% in FY 2025-26, reaching 15 million units, driven by higher temperatures, increasing household demand, urbanization, increase in disposable incomes and consumer financing options. The government's PLI scheme is boosting locali
Slide 20: Air Conditioner sales
Air Conditioner Q4 FY '25 Q4 FY '24 YTD FY '25 YTD FY '24 AC Brand Sales ₹. in Crore 301.37 204.00 800.85 479.28 AC OEM Sales ₹. in Crore 96.91 7.46 116.72 96.01 Total Value ₹. in Crore 398.28 211.46 917.57 575.28 All our models are equipped to work seamlessly in summer even at high ambient temperat
Slide 21: Commercial appliances 3X3 vision
Product Road Map Highlight: Laundry: Successful development, launch and supply of new product platforms: 11Kg WE (free- standing; single Phase), 15Kg WE & TD (free-standing), 15Kg IWHY and 30Kg WE. Under Development Projects: Flat Work Ironer: ICI 6003O1R (Thermic Fluid Heated Machines) – Developmen
Slide 22: Commercial laundry and dishwashing sales
Website for Commercial Appliances is developed. LinkedIn marketing has started where our visibility is increasing. Particulars Q4 FY '25 Q4 FY '24 YTD FY '25 YTD FY '24 Commercial Laundry ₹. in Crore 25.58 25.74 103.96 92.27 Commercial Dishwashing ₹. in Crore 11.92 12.55 39.18 38.25 Total Value ₹ 37
Slide 23: Service network and IFB essentials
In Q4, we successfully completed and institutionalized quality assessments across our service franchisee network, ensuring 100% compliance with 'Good' or higher operational standards. This initiative reinforces our commitment to delivering consistent, high-quality customer experiences across all tou
Slide 24: HAD Q4 and full year results
₹ Q4 FY 24-25 Q4 FY 23-24 Growth % Particulars HAD HAD HAD Revenue 1058.43 814.04 30% PBDIT 34.33 24.89 38% The revenue growth from the quarter and year end Mar 25 was predominantly PBT -0.68 -6.06 89% from IFB Brand Air conditioners . The Sales of Front Load washer category was flat. ₹ Material cos
Slide 25: HAD results and actionable areas
₹ FY 24-25 FY 23-24 FY 24-25 FY 23-24 Particulars Revenue has grown by 30% in Q4 FY25, and PBDIT has grown by ~38% as against the Q4 Q4 YTD YTD same period last year. Results are below expectation due to dip in sales of washing machine. Revenue 1058.43 814.04 3985.80 3420.77 PBDIT growth is YTD peri
Slide 26: Product-wise spread Q4
Product-wise spread in Home Appliance Division Revenue Products Percentage of Total Sales ₹. in Crore Front Loader 223.37 21.2% Top Loader 116.72 11.1% 3.6% 1.9% 2.3% Service 143.92 13.7% 3.6% Front Loader 21.2% Air Conditioners (AC) 398.28 37.8% Top Loader Microwave Oven 50.73 4.8% 4.8% Service Com
Slide 27: Product-wise spread full year
Product-wise spread in Home Appliance Division Revenue Products Percentage of Total Sales ₹. in Crore Front Loader 1,228.32 30.9% Top Loader 511.83 12.9% 2.1% 2.6% 3.7% Service 597.71 15% Front Loader Air Conditioners (AC) 917.57 23.1% 3.6% Top Loader 30.9% Microwave Oven 243.05 6.1% Service Commerc
Slide 28: Improvements in Inventory Holding Days
Focused approach resulting in consistent improvement in inventory days Improvements in Inventory Holding Days over last eight quarters - HAD 57 Inventory Days (on Sales) 60 54 53 48 48 49 48 50 42 40 37 30 20 10 0 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Division is constantly
Slide 29: Engineering Division Q4
+ , 2 (G) Engineering Division Q4
Slide 30: Engineering division results and targets
Engineering booked new business of ₹48 Crores for the Q4 of FY25. In FY25, total business booked amount to ₹134 crores. EV-Positive & Neutral Focus: These segments made up ~74% of bookings, with ₹10 Cr in EV-Positive and ₹9 Cr in EV-Neutral. ₹ Q4 FY 24-25 Q4 FY 23-24 Growth % Particulars Engineering
Slide 31: ROCE improvement reasons
This improvement in ROCE are mainly due to the following reasons • Optimisation of working capital deployed. • Improvement in profitability. 29
Slide 32: Steady Improvements in Inventory Holding Days
Focused approach resulting in consistent improvement in inventory days Steady Improvements in Inventory Holding Days over last thirteen quarters Inventory 50 46 Inventory Days (on sales) > 30 days 45 ₹ 30 Crore* 40 36 35 35 33 33 34 34 33 34 34 * Inventory includes ₹ 16 35 33 32 Crore of tool invent
Slide 33: Business vertical wise Q4 FY25 vs Q4 FY24
Business Vertical Wise – Q4 FY ‘25 vs Q4 FY ‘24 ₹ ₹ Revenue PBDIT Q4 FY 25 Q4 FY 24 Growth % Q4 FY 25 Q4 FY 24 Growth % Growth YOY Growth YOY Fine Blanking 185.5 183.7 1% Fine Blanking 33.4 33.9 -0.1% Stamping 21.6 20.0 7.9% Stamping 3.3 3.2 3.7% After market 18.6 20.3 -8.9% After market 0.2 0.6 -63
Slide 34: Business vertical wise YTD FY25 vs YTD FY24
Business Vertical Wise – YTD FY ‘25 vs YTD FY ‘24 ₹ ₹ Revenue PBDIT FY 2024 -25 FY 2023-24 Growth % FY 2024 -25 FY 2023-24 Growth % Growth YOY Growth YOY Fine Blanking 709.3 664.5 6.8% Fine Blanking 118.2 104 13.6% Stamping 88.7 80.7 10% Stamping 14.3 12.2 16.8% After market 79.9 80.4 -0.7% After ma
Slide 35: Quarterly Performance Analysis
Quarterly Performance Analysis Good growth in PBT level propelled by lower depreciation and reduced interest burden Q4 Q4 Q3 Q4 Q4 Q3 Q4 Q4 Q3 FY24 FY25 FY25 FY24 FY25 FY25 FY24 FY25 FY25 ₹ ₹ ₹ 33
Slide 36: Engineering division results
₹ FY 24-25 FY 23-24 FY 24-25 FY 23-24 Revenue growth in Q4 and fiscal year 2024-25 is at 2% and 7% respectively but Particulars however profitability has improved on account of reduction in material cost and Q4 Q4 YTD YTD better control over fixed expenditures. Revenue 217.98 212.99 835.15 779.54 PB
Slide 37: Steel division results
YTD PBDIT has significantly improved from INR 1.41 Cr in FY 23-24 to INR 9.15 Cr in ₹ FY 24-25. We have improved PBDIT to 4.94% as compared to less than 1% in last FY 24-25 FY 23-24 FY 24-25 FY 23-24 year. Particulars Q4 Q4 YTD YTD This improvement is due to hike in top line & also rise in value add
Slide 38: Commitment to Saving Energy and BLDC motors
Our Strong Commitment to Saving Energy The Division is fully dedicated to energy conservation. One of the key steps we've taken is moving towards using energy- efficient Brushless DC (BLDC) motors in all our appliances. These motors help in saving electricity, reduce noise levels, and last longer—ma
Slide 39: Integrated solutions and challenges
Our shift to BLDC motors and our end-to-end solution model is a big step forward—not just for business, but also for energy savings and sustainability. We believe this path will help us grow faster, tap into new opportunities, and contribute to a greener future. Integrated Solutions for a Growing Ma
Slide 40: Motor division multi-year results
₹ FY 20-21 FY 21-22 FY 22-23 FY 23-24 FY 24-25 FY 24-25 FY 23-24 Particulars ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL Q4 ACTUAL Q4 ACTUAL Revenue 32.95 49.26 70.97 66.95 65.96 16.45 18.59 PBDIT -3.4 -1.3 3.1 1.17 -1.83 -0.47 0.63 PBDIT % on revenue -10.32 -2.64 4.37 1.75 -2.77 -2.87 3.42 PBT -5.43 -2.91 1
Slide 41: Motor division commentary
In this quarter, our revenue decreased by 13 %, when we look at the full year, it was lower by 1.4 % compared to the same time last year with a loss of ₹0.47 crores in PBDIT for the quarter and overall, for the year, the division lost of ₹1.83 crores. We are in talks with new potential customers and
Slide 42: Subsidiary GAAL results
IFB Industries Limited, the Holding Company, has one wholly owned subsidiary—Global Total income: Automotive & Appliances Pte. Ltd (GAAL) and one step-down subsidiary, Thai Automotive ₹ & Appliances Limited (TAAL). ₹ FY 24-25 FY 23-24 FY 24-25 FY 23-24 Particulars Q4 Q4 YTD YTD PBIDT: In absolute te
Slide 43: Subsidiary TAAL results
Total income: During the quarter, there is an increase in Total income by 24% over last year. On YTD ₹ basis, the percentage was 5%. Several part numbers which were planned during the year did not materialize otherwise revenue would have been higher. Also, PV and FY 24-25 FY 23-24 FY 24-25 FY 23-24
Slide 44: Refrigerator subsidiary production and sales
In Q4 FY 24-25 total sales was 71,212 units against 40,349 units in corresponding quarter of FY 23-24 which is a 76% rise. In FY 24-25 total sales was 2,93,315 units, registering growth of 111% compared to FY 23-24. ₹ With the launch of Frost Free (FF) 328 Litre products planned in Sept’25, our addr
Slide 45: Key Indices standalone income statement
QTR (Rs. in crore) YTD (Rs. in crore) Particulars 31st Mar ‘25 31st Mar ‘24 31st Mar ‘25 31st Mar ‘24 Sale of Products 1637.08 1308.74 6193.55 5284.39 Less: Trade scheme & discounts 408.83 318.67 1518.56 1215.57 Net Sales 1228.25 990.07 4674.99 4068.82 -Sale of services 35.69 35.76 144.06 134.77 (Qu
Slide 46: Standalone balance sheet
Rs. In Crores STANDALONE BALANCE SHEET 31st Mar ‘25 31st Mar ‘24 ASSETS Property, Plant & Equipment* 683.36 621.01 Investment in Subsidiaries & Associates 118.96 119.26 Inventories 667.54 535.98 Investment in Mutal Funds 201.98 192.11 Trade Receivables 403.75 431.43 Cash and Bank Balances 91.64 105.
Slide 47: Standalone key ratios
QTR YTD STAND ALONE KEY RATIOS 31st Mar ‘25 31st Mar ‘24 31st Mar ‘25 31st Mar ‘24 Earnings Per Share(in ₹) (Not Annualized) 5.50 3.42 31.79 17.00 Book Value per Share (in ₹) 211.73 179.20 211.73 179.20 Current Ratio # 1.21 1.13 1.21 1.13 Quick Ratio # 0.67 0.69 0.67 0.69 PBDIT/Total Income (%) (Ann
Slide 48: Cash flow statement
YTD CASH FLOWS FROM OPERATING ACTIVIITES 31st Mar ‘25 31st Mar ‘24 Profit Before Tax 171.26 90.36 Non-Cash and Other Adjustments 132.50 129.04 Operating Profit Before Working Capital Changes 303.76 219.40 (Annual) Movement in Working Capital (158.07) 140.22 Cash Generated From Operations 145.69 359.
Slide 49: Consolidated income statement
QTR (₹. in crore) YTD (₹. in crore) CONSOLIDATED INCOME STATEMENT 31st Mar ‘25 31st Mar ‘24 31st Mar ‘25 31st Mar ‘24 Sale of Products 1,669.52 1,343.01 6,340.28 5,407.97 Less: Trade scheme & discounts 408.83 318.67 1,518.56 1,215.57 (Quarterly & Year-to-date Results) Net Sales 1,260.69 1,024.34 4,8
Slide 50: Consolidated balance sheet
QTR (₹. in crore) Consolidated Balance Sheet 31st Mar ‘25 31st Mar ‘24 ASSETS Property, Plant and equipment* 708.79 645.45 Investment in Equity Shares 52.22 70.86 Inventories 669.66 539.19 Investment in Mutual Funds 201.98 192.11 Trade Receivables 430.05 463.05 Key Indices as on 31st March, 2025 Cas
Slide 51: Disclaimer
+91 33 39849475/9524 Investor_relation@ifbglobal.com Disclaimer This presentation contains statements which reflect the management’s current views and estimates and may be construed as forward-looking in nature. The future involves certain risks and uncertainties that may cause actual results to dif