Flair Writing Industries (FLAIR) Q4 21/22 earnings summary

Executive summary

• FY22 standalone revenue from operations rose 91.51% YoY to Rs 55,378.27 lakh; net profit was Rs 5,387.53 lakh versus Rs 49.71 lakh in FY21.

• Consolidated revenue reached Rs 57,747.81 lakh and net profit Rs 5,623.07 lakh, versus Rs 29,798.94 lakh and Rs 96.96 lakh, respectively, in FY21.

• Performance recovered from pandemic-hit FY21, supported by new product launches, consumer-focused design and distribution across India and export markets.

Financial highlights

• Standalone total income was Rs 56,461.04 lakh, up from Rs 30,106.29 lakh; profit before tax rose to Rs 7,176.85 lakh from Rs 176.15 lakh.

• Standalone earnings before finance costs, tax and depreciation increased to Rs 10,362.97 lakh from Rs 3,448.22 lakh.

• Consolidated profit before tax was Rs 7,443.11 lakh versus Rs 217.02 lakh; total income reached Rs 58,764.15 lakh versus Rs 31,087.41 lakh.

• Standalone operating cash flow was Rs 2,291.71 lakh, down from Rs 7,036.18 lakh in FY21.

Outlook and guidance

• Management cited product innovation, consumer-focused designs and distribution reach in India and export markets as drivers of the FY22 recovery.

• The FY22-23 domestic growth outlook was described as strong, with recovery aided by vaccination and government stimulus measures.