IFB Industries (IFBIND) Q4 24/25 earnings summary

Executive summary

• Standalone FY25 revenue rose 15% to ₹4,977.19 crore; PBDIT increased 35% to ₹324.61 crore and PAT rose 87% to ₹128.79 crore.

• Consolidated FY25 revenue from operations was ₹5,091.71 crore and profit was ₹118.91 crore; total income was ₹5,126.89 crore.

• Air conditioners supported appliance growth, while front-load washer sales were flat and material costs and foreign exchange pressured margins.

• Management priorities include cost reductions, stronger dealer execution and progress toward double-digit EBITDA margins.

Financial highlights

• Standalone Q4 total income rose 23% YoY to ₹1,311.68 crore; PBDIT was ₹69.39 crore, PBT ₹29.34 crore and PAT ₹22.29 crore.

• Standalone FY25 PBT was ₹171.26 crore versus ₹90 crore; PAT was ₹128.79 crore versus ₹69 crore.

• Consolidated Q4 total income rose 22% to ₹1,345.01 crore; PBDIT increased 26% to ₹67.51 crore and PAT rose 57% to ₹18.87 crore.

• Consolidated FY25 total income was ₹5,126.89 crore versus ₹4,470.21 crore; PAT was ₹118.91 crore versus ₹50.36 crore.

• Consolidated PBDIT margin was 5.02% in Q4 versus 4.86%; FY25 margin was 6.23% versus 5.04%. Standalone FY25 EBITDA margin was 6.5% versus 5.5%.

Outlook and guidance

• No formal sales guidance; management expects robust AC and refrigerator growth, with revenue growth above 25% described as a minimum internal ambition.

• Double-digit EBITDA margin remains an internal goal, supported by savings, improved pricing, lower discounting and better scheme outcomes.

• FY26 AC EBITDA is expected to exceed FY25; management cited a minimum 5% margin aspiration and a 5% market-share target, up from 3%.

• IFB Refrigeration budgeted 7.3 lakh units for FY26 versus 2.9 lakh in FY25, with healthy PBDIT targeted.

• Commercial appliances targets 3x revenue in three years and ₹600 crore of new orders over FY26–FY27; engineering targets at least 20% annual growth.