Saraswati Saree Depot Limited · NSE:SSDL
Saraswati Saree Depot — Q1 FY25 Earnings Presentation
30 slides from Saraswati Saree Depot's earnings presentation, Sep 9, 2024
Slide 1: Exchange filing cover letter
Saraswati Saree Depot Ltd. S. No. 144/1, Manade Mala, Gandhinagar Road P.O. Uchgaon Dist. Kolhapur, Maharashtra, 416005 CIN: U14101PN2021PLC199578 Date: 09th September 2024 The Manager BSE Ltd Listing Department National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1,
Slide 2: Investor Presentation September 2024
Investor Presentation September 2024
Slide 3: Safe Harbor
Safe Harbor This presentation has been prepared by Saraswati Saree Depot Ltd. (SSDL) solely to provide information about the Company to its stakeholders. No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or corr
Slide 4: Chairman Message
Chairman Message Dear Valued Stakeholders, With immense pride, I reflect on Saraswati Saree Depot Limited's (SSDL) remarkable journey. Since our inception in 1966 and formal launch in 1993, SSDL has established itself as one of the prominent & leading players in India’s B2B saree wholesaling sector,
Slide 5: MD & CEO's Message
MD & CEO’s Message Dear Esteemed Stakeholders, I extend my heartfelt gratitude for your unwavering trust and support in Saraswati Sarees Depot Ltd. Your confidence has been crucial to our achievements and growth. As a major player in the organized saree sector, we are well-positioned to benefit from
Slide 6: Table of Contents
Table of Contents Key Facts and Figures Company Overview Business Process Product Profile & S ales Mix Financials Way Forward
Slide 7: Key Facts and Figures
Key Facts and Figures
Slide 8: Key Facts and Figures
Key Facts and Figures 01 02 03 04 Recipient of awards Diverse Product Portfolio such as includes sarees, kurtis, dress 2 strategically located One of India’s leading "Star of the Industry" stores in materials, blouse pieces, organized saree "Iconic Brand" Kolhapur and lehengas, bottoms, other wholes
Slide 9: Timeline
Timeline 1993 2015 2018 2022 After three decades in the Achieved a turnover Surpassed a turnover Surpassed a turnover saree industry, promoters exceeding of Rs. 400 Crore of Rs. 500 Crore formally launched a partnership Rs. 300 Crore; Inaugurated a firm under the name “M/s. new store in Kolhapur, S
Slide 10: Company Overview
, ~ Compa ny ‘ Overview a
Slide 11: Company Overview
Company Overview Saraswati Saree Depot Limited (SS DL), a major sarees wholesaler, BEGAN IN 1966 AND IS ONE OF INDIA’S LEADING PLAYER IN THE 01 The company’s main revenue comes from sarees B2B SEGMENT of this Industry (over 90%), but they also wholesale OTHER 02 WOMEN’S APPAREL LIKE KURTIS, LEHENGAS
Slide 12: Management
Management S hankar Dulhani Vinod Dulhani Chairman & Executive Director Managing Director & CEO With 38 years in the apparel industry, he has extensive expertise in saree With over 27 years in the apparel industry and being a second-generation member of the manufacturing, marketing, and business dev
Slide 13: Business Process
| "Business - 1 | Process i
Slide 14: Business Process
Business Process Identification of weavers Placing order with the identified Goods are checked on arrival /suppliers by Procurement Team weavers/- suppliers for approved for any quality defects products Placing order with the identified Photoshoots of the weavers/suppliers for preparing of Sales act
Slide 15: Product Profile & Sales Mix
Ln Product Profile — & Sales Mix , a
Slide 16: Diverse Product Profile
Diverse Product Profile Sarees Kurtis Dress Materials Blouse Pieces Shirt & Pant Pieces Lehngas Bottoms Chunaris
Slide 17: Product Mix
Product Mix Number of Units Sold (in millions) Total Number of Customers 13,263 13,000 12,372 15.71 16.1 14.78 7,233 3.82 FY22 FY23 FY24 Q1FY25 FY22 FY23 FY24 Q1FY25
Slide 18: Sales Mix
S ales Mix Item Wise Revenue (in %) 91.9% 91.0% 89.3% 90.9% 5.3% 4.0% 4.8% 4.6% 1.5% 1.4% 1.3% 1.6% 1.1% 1.1% 1.1% 1.2% 1.2% 1.6% 1.8% 1.3% Sarees Kurtis & Dress Materials Blouse Pieces Shirt & Pant Pieces Others (Includes lehengas, bottoms, chunaris, etc) FY22 FY23 FY24 Q1 FY25 Store Wise Revenue (
Slide 19: Store Insights
Store Insights • S araswati S aree Depot Ltd. manages two stores in Maharashtra: the first store is located in Kolhapur and the second one in Ulhasnagar. • The Kolhapur store, being the company’s inaugural and flagship location, accounts for nearly 88% of the total combined sales. • The two stores c
Slide 20: Key Strengths
Key Strengths Reputation & Customer Base & Strong Brand Product portfolio Saraswati Saree Depot is an established brand name and has built SSDL primarily sells in southern and western regions, including strong reputations over time for reliability and quality, fostering trust Maharashtra, Goa, Karna
Slide 21: Financials
\ Financials i
Slide 22: Quarterly Income Statement
Quarterly Income Statement Particulars (Rs. Crore) Q1 FY25 Q1 FY24 YoY Q4 FY24 QoQ Revenue from Operations 130.37 129.38 122.80 Other Income 0.71 0.18 0.32 Total Operational Revenue 131.09 129.56 1.18% 123.11 6.48% Raw Materials 114.25 116.59 105.64 Employee Cost 2.70 2.13 2.60 Other Cost 5.58 4.68
Slide 23: Annual Performance
Annual Performance Revenues (Rs. Crore) EBITDA* (Rs. Crore) PAT (Rs. Crore) 42.10 612.58 35.68 29.53 603.52 22.97 21.58 550.31 12.31 FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 Avg Net Sales per customer (in Rs.) Net Sales per sq.ft. area in use (in Rs.) 412,578 396,033 33,000 32,535 379,856 29,834
Slide 24: Key Ratios
Key Ratios ROE% ROCE% ROA% Debt/ Equity 169% 5.37 197% 14.3% 12.2% 98% 96% 7.2% 64% 59% 1.17 0.67 FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 *RoE: PAT/Avg. Total Equity; RoCE: EBIT/(Total Asset – Current Liab.); ROA: PAT/ Total Assets; Net Debt/ Equity: (LTDebt + STDebt)/Total Equit
Slide 25: Annual Income Statement
Annual Income Statement Particulars (Rs. Crore) FY24 FY23 YoY Revenue from Operations 610.90 6018.91 1% Other Income 1.68 16.27 Total Income 612.58 603.52 2% Purchase of Stock In Trade 548.99 547.94 Changes in Inventories (14.89) (17.06) Employee Benefit Expenses 9.77 9.94 Other Expenses 26.61 27.01
Slide 26: Annual Balance Sheet
Annual Balance S heet Particulars (Rs. Crore) FY24 FY23 Particulars (Rs. Crore) FY24 FY23 Share Capital 33.10 0.10 Reserves and Surplus 35.28 Property Plant & Equipment 2.83 2.81 Preference Share Capital Intangible Assets 0.22 0.26 Other Equity 31.81 Shareholders Funds 64.91 35.38 Financial Assets F
Slide 27: Way Forward
Way Forward
Slide 28: Industry Opportunity
Industry Opportunity Market Decline and Recovery Organized Segment Growth The saree industry, worth Rs. 558 billion in fiscal The organized saree sector, known for better customer 2020, fell by ~43% in fiscal 2021 due to pandemic- experience, reliable fabrics, and standardized pricing, related store
Slide 29: Way Forward
Way Forward Expanding into S trengthening Enhancing Efficiency with MEN’S ETHNIC WEAR E-COMMERCE TECHNOLOGY Plans to enter the men’s ethnic wear market, The company will invest in digital channels and establish Aims to improve operational efficiency and supply chain capitalizing on the rise of multi
Slide 30: Thank you
Thank you Saraswati Saree Depot Ltd Nikhil Dulhani Head- Investor Relations ir@saraswatisareedepotlimited.com www.saraswatisareedepot.com
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