IFB Industries Ltd
NSE:IFBIND
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IFB Industries Ltd
IFB Industries Ltd. engages in the manufacturing of home appliances and part and accessories for motor vehicle. The company is headquartered in Kolkata, West Bengal and currently employs 2,640 full-time employees. The Company’s product range includes fine blanked components, tools and related machine tools, such as straighteners, decoilers, strip loaders and others. The Engineering divisions are located at Kolkata and Bangalore. The Bangalore unit, apart from fine blanked components, manufactures motors for white goods, as well as automotive applications. The firm has two subsidiaries, Trishan Metals Pvt. Ltd (TMPL) and Global Automotive & Appliances Pte Ltd. The Company’s home appliances business offers laundry solutions, kitchen solutions, living solutions and accessories. Its laundry solutions include washing machines, including front load, top load and washer dryer refresher, and clothes dryer. Its kitchen solutions include modular kitchens; microwave ovens, including solo, grill and convection; and other.
IFB Industries Ltd. engages in the manufacturing of home appliances and part and accessories for motor vehicle. The company is headquartered in Kolkata, West Bengal and currently employs 2,640 full-time employees. The Company’s product range includes fine blanked components, tools and related machine tools, such as straighteners, decoilers, strip loaders and others. The Engineering divisions are located at Kolkata and Bangalore. The Bangalore unit, apart from fine blanked components, manufactures motors for white goods, as well as automotive applications. The firm has two subsidiaries, Trishan Metals Pvt. Ltd (TMPL) and Global Automotive & Appliances Pte Ltd. The Company’s home appliances business offers laundry solutions, kitchen solutions, living solutions and accessories. Its laundry solutions include washing machines, including front load, top load and washer dryer refresher, and clothes dryer. Its kitchen solutions include modular kitchens; microwave ovens, including solo, grill and convection; and other.
Revenue Growth: IFB Industries reported Q2 revenue of INR 1,327 crores, up 11.5% year-on-year, and YTD revenue of INR 2,637 crores, up 8.4% from last year.
Margin Improvement: Q2 EBITDA rose to INR 102.5 crores (7.7% margin), up from INR 79.04 crores (6.6%), and PAT grew to INR 50 crores (3.8% margin) from INR 33 crores (2.77%).
Cost Saving Initiatives: The company is executing material cost reduction initiatives expected to deliver INR 200 crores in annual savings, with INR 14 crores realized in H1 and another INR 60–70 crores targeted for the rest of the year.
Capacity Utilization: Washing machine plants are running at high utilization (92–95% in September/October), and capacity expansions are planned.
No Formal Guidance: Management did not provide specific forward guidance but expects to grow faster than the industry with a focus on reaching double-digit margins.
Product & Market Expansion: Initial market response for refrigerators and air conditioners is described as encouraging, with focus on building market share, but targets like 15% share in ACs were not confirmed.
Operational Improvements: Consulting firms (Alvarez & Marsal, McKinsey) have been engaged for fixed cost reduction, e-commerce process modernization, and marketing cost optimization.
Customer Satisfaction: Customer satisfaction score for washing machines has improved to about 90% and is monitored weekly.
