Aditya Vision (540205) Q4 24/25 earnings summary

Executive summary

• Achieved record FY25 revenue of ₹2,260 crore, up 30% YoY, with 175 stores as of March 31, 2025, and 30 new stores opened during the year.

• EBITDA reached ₹204 crore (9% margin), PAT grew 37% YoY to ₹105.5 crore, and Q4 PAT doubled to ₹16 crore.

• Standalone audited financial results for FY25 were approved by the Board with an unmodified opinion.

• Same-store sales growth (SSSG) was 19% for Q4 and 15% for the full year.

• The company operates in a single segment: retail of electronic products, including consumer electronics, home appliances, mobility, and IT products.

Financial highlights

• FY25 revenue: ₹2,259.8 crore (up 29.6% YoY); Q4 revenue: ₹486.7 crore (up 30% YoY).

• FY25 EBITDA: ₹204.1 crore (9% margin); Q4 EBITDA: ₹42.3 crore (8.7% margin).

• FY25 PAT: ₹105.5 crore (4.7% margin); Q4 PAT: ₹16 crore (3.3% margin, up 104% YoY).

• Diluted EPS for FY25: ₹8.16–₹8.21 (up from ₹6.32–₹6.37 in FY24).

• FY25 gross margin: 15.7%; Q4 gross margin: 17%.

Outlook and guidance

• Targeting 20–25% revenue CAGR over the next 3–5 years and plans to add 25–30 stores annually, focusing on Uttar Pradesh and the Hindi heartland.

• Confident in sustaining double-digit SSSG and maintaining EBITDA margins between 8% and 10%.

• Board recommended a final dividend of 110% (₹1.10 per share), subject to shareholder approval.

• Bullish on demand recovery in May and June despite slow April due to unseasonal rains.

• Focus on reinvesting growth capital at high ROIC and scaling sunrise categories.