Saraswati Saree Depot Limited · NSE:SSDL
Saraswati Saree Depot — Q2 FY2025 Earnings Presentation
32 slides from Saraswati Saree Depot's earnings presentation, Nov 12, 2024
Slide 1: Exchange filing cover letter for investor presentation
SARASWATI SAREE DEPOT LTD. S. No. 144/1, Manade Mala, Gandhinagar Road, P.O. Uchgaon, Dist. Kolhapur, Maharashtra, 416005 Ph: 0231-2683333, 0231-2532020, 0231-2610284 Email: contact@saraswatisareedepotlimited.com Website:www.saraswatisareedepot.com CIN: U14101PN2021PLC199578 Date: 12th November, 202
Slide 2: Q2 & H1 FY25 Result Update Presentation
Q2 & H1 FY 25 Result Update Presentation November 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, I take great pride in reflecting on the remarkable journey of Saraswati Saree Depot Limited (SSDL). Since our founding in 1966 and our formal launch in 1993, SSDL has emerged as a prominent leader in India’s B2B saree wholesaling sector, recognized for our
Slide 5: MD & CEO's Message
MD & CEO’s Message Dear Esteemed Stakeholders, I would like to express my sincere gratitude for your steadfast trust and support in Saraswati Saree Depot Ltd. Your confidence has been instrumental to our achievements and growth. As a key player in the organized saree sector, we are well-positioned t
Slide 6: Table of Contents
Table of Contents Q2 & H1 FY 25 Performance Company Overview Business Process Product Profile & Facilities Annual Financials Way Forward
Slide 7: Quarterly and Half Yearly Performance
Quarterly and Half Yearly Performance
Slide 8: Q2 & H1 FY25 Financial Highlights
Q2 & H1 FY 25 Financial Highlights Revenue from Operations (Rs. Cr.) EBITDA(Rs. Cr.) & EBITDA Margins 295.12 20.17 16.62 164.75 12.32 130.32 10.64 259.7 8.16 7.48 6.40 6.83 % % % % Q2FY24 Q2FY25 H1FY24 H1FY25 Q2FY24 Q2FY25 H1FY24 H1FY25 EPS (Rs.) PAT(Rs. Cr.) & PAT Margins 15.67 3.96 3.64 12.06 2.35
Slide 9: Key Ratios
Key R atios ROE% ROCE% ROA% Debt/ Equity 169% 14.3% 5.37 197% 12.2% 10% 98% 96% 7.2% 64% 59% 1.17 35% 0.67 25% 0 FY22 FY23 FY24 H1 FY25* FY22 FY23 FY24 H1 FY25 * FY22 FY23 FY24 H1 FY25 * FY22 FY23 FY24 H1 FY25 * * Annualized *RoE: PAT/Avg. Total Equity; RoCE: EBIT/(Avg. Capital Employed); ROA: PAT/
Slide 10: Product Mix
Product Mix Number of Units Sold (in millions) Total Number of Customers 13,263 13,000 16.1 12,372 15.71 14.78 9,976 7.92 FY22 FY23 FY24 H1FY25 FY22 FY23 FY24 H1FY25
Slide 11: Sales Mix
Sales Mix Item Wise Revenue (in %) 90.9% 91.9% 91.0% 90.44% 5.3% 4.0% 4.8% 6.04% 1.5% 1.4% 1.3% 1.57% 1.1% 1.1% 1.1% 0.96% 1.2% 1.6% 1.8% 0.99% Sarees Kurtis & Dress Materials Blouse Pieces Shirt & Pant Pieces Others (Includes lehengas, bottoms, chunaris, etc) FY22 FY23 FY24 H1 FY25 Store Wise Reven
Slide 12: Quarterly Income Statement
Quarterly Income Statement Particulars (Rs. Crore) Q2 FY25 Q2 FY24 YoY Q1 FY25 QoQ Revenue from Operations 164.75 130.32 130.37 Other Income 0.75 0.52 0.71 Total Operational Revenue 165.5 130.85 26.48% 131.09 26.25% Raw Materials 144.71 110.68 114.25 Employee Cost 2.64 2.36 2.7 Other Cost 5.08 6.64
Slide 13: Half Yearly Income Statement
Half Yearly Income Statement Particulars (Rs. Crore) H1FY25 H1FY24 YoY Revenue from Operations 295.12 259.70 Other Income 1.47 0.70 Total Operational Revenue 296.59 260.41 13.89% Raw Materials 258.96 227.27 Employee Cost 5.34 4.49 Other Cost 10.66 11.33 Total Expenditure 274.96 243.08 EBITDA (excl.
Slide 14: Balance Sheet
Balance Sheet As on 30th As on 31st As on 31st As on 30th As on 31st As on 31st Particulars (Rs. Crore) Particulars (Rs. Crore) Sept’24 Mar’24 Mar’23 Sept’24 Mar’24 Mar’23 Equity Share Capital 39.60 33.10 0.10 Property Plant & Equipment 3.63 2.83 3.07 Other Equity 144.86 31.81 35.28 Intangible Asset
Slide 15: Company Overview
~ Compa ny Overview ~
Slide 16: Key Facts and Figures
Key Facts and Figures 01 02 03 04 Recipient of awards Diverse Product Portfolio such as includes sarees, kurtis, dress Strategically located in One of India’s leading "Star of the Industry" Kolhapur, Ulhasnagar & materials, blouse pieces, organized saree wholesalers, "Iconic Brand" Ahmednagar spread
Slide 17: Timeline
Timeline 1993 2015 2018 2022 2024 After three decades in the Achieved a turnover Surpassed a turnover Surpassed a turnover Opened a new purchase saree industry, promoters exceeding of Rs. 400 Crore of Rs. 500 Crore office in Surat spanning formally launched a partnership Rs. 300 Crore; Inaugurated a
Slide 18: Company Overview
Company Overview Saraswati Saree Depot Limited (SSDL), 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 19: Experienced Management
Experienced Management Shankar 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 b
Slide 20: Business Process
"Business - Process
Slide 21: 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 22: Product Profile & Facilities
Product Profile & F acilities
Slide 23: Diverse Product Profile
Diverse Product Profile Sarees Kurtis Dress Materials Blouse Pieces Shirt & Pant Pieces Lehngas Bottoms Chunaris
Slide 24: Store Insights
Store Insights • Saraswati Saree 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 colle
Slide 25: 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 26: Annual Financials
~ Annual - Financials
Slide 27: 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.) 4,12,578 3,96,033 33,000 32,535 3,79,856 29,
Slide 28: Annual Income Statement
Annual Income Statement Particulars (Rs. Crore) FY 24 FY 23 YoY Revenue from Operations 610.90 601.89 1% Other Income 1.68 1.63 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 29: Way Forward
_ Way ~ Forward —
Slide 30: 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 31: Way Forward
Way F orward Expanding into Strengthening Enhancing Efficiency with MEN’S ETHNIC WEAR E-COMMERCE TECHNOLOGY Plans to enter the men’s ethnic wear market, The company to invest in digital channels and establish a Aims to improve operational efficiency and supply chain capitalizing on the rise of multi
Slide 32: Thank you
Thank you Saraswati Saree Depot Ltd Adfactors PR Nikhil Dulhani Mr. Namit Shah/ Ms. Samruddhi Bane Head- Investor R elations ir@saraswatisareedepotlimited.com namit.shah@adfactorspr.com www.saraswatisareedepot.com samruddhi.bane@adfactorspr.com
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