Flair Writing Industries (FLAIR) Q4 24/25 earnings summary

Executive summary

• Achieved record annual revenue surpassing INR 1,000 crores for the first time in FY25, driven by strong growth in pens, Creative, and steel bottles segments.

• Strong double-digit growth in core domestic own brand sales, with 12% full-year growth and robust demand.

• Strategic investments in Flomax (pencil category) and partnerships with Maped and Disney expanded product offerings.

• Board recommended a final dividend of ₹1 per share (20% of face value) for FY25, subject to AGM approval.

• Audited standalone and consolidated financial results for FY25 were approved with unmodified opinions from statutory auditors.

Financial highlights

• FY25 consolidated revenue from operations was INR 1,079.9 crores, up 10.3% YoY; Q4 FY25 revenue reached INR 298 crores, up 19.2% YoY.

• FY25 EBITDA stood at INR 185 crores, margin 17.1%; PAT was INR 119 crores, margin 11%.

• Gross profit margin improved to 50.7% in FY25.

• Employee expenses rose 18% YoY to INR 172 crores, reflecting workforce expansion.

• Consolidated total assets as of March 31, 2025, stood at INR 1,21,813.27 lakhs.

Outlook and guidance

• Targeting 15%-16% revenue growth for FY26, with pens expected to grow 10%, Creative 40%, and steel bottles 50%.

• EBITDA margin expected to improve from 17.1% to 18%-19% by FY27.

• Planned capex of INR 80-90 crores for FY26, including new unit setup in Valsad and subsidiary funding.

• Installed capacity to increase by 10% by H1 FY26.

• Working capital cycle to be reduced by 5-10 days in FY26.