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

Executive summary

• Achieved record annual revenue surpassing INR 1,000 crores for FY25, driven by strong growth in pens, Creative, and Steel Bottles segments.

• Strategic investments included a stake in Flomax (pencil category) and partnerships with Maped and Disney to expand product offerings.

• Board recommended a final dividend of ₹1 per share for FY25, subject to AGM approval.

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

• Re-appointment of internal and secretarial auditors for FY26 was announced.

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.

• Working capital cycle reduced by 33 days QoQ to 113 days; CapEx for FY25 was INR 131 crores.

• Standalone revenue for FY25 was INR 949.3 crores; standalone PAT was INR 112.1 crores.

Outlook and guidance

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

• EBITDA margin expected to improve from 17.1% towards 18%-19% over the next 1-2 years.

• CapEx planned at INR 80-90 crores for FY26, mainly for the new Valsad unit and subsidiary growth.

• Installed capacity to increase by 10% by H1 FY26; working capital cycle expected to improve by 10 days.