Shares of Cello World Limited slipped nearly 3% on Tuesday, August 12, after the consumer products company reported a drop in profitability for the first quarter of FY26, despite posting growth in revenue.
On a consolidated basis, revenue from operations rose 5.66% year-on-year to Rs 529.01 crore from Rs 500.66 crore in the same quarter last year. However, profit after tax declined 9.50% to Rs 80.65 crore compared to Rs 89.12 crore a year ago.
On a standalone basis, revenue increased to Rs 281.93 crore from Rs 259.95 crore in Q1 FY25, while profit after tax was slightly lower at Rs 16.04 crore versus Rs 16.76 crore in the year-ago period.
In a corporate update, the Board of Directors approved the reappointment of key executives — Mr. Pradeep Ghisulal Rathod as Chairman and Managing Director, Mr. Pankaj Ghisulal Rathod and Mr. Gaurav Pradeep Rathod as Joint Managing Directors, and Mr. Gagandeep Singh Chhina as Non-Executive Non-Independent Director — for a five-year term from November 11, 2025 to November 10, 2030, subject to shareholder approval.
The company also confirmed that there has been no deviation in the utilisation of funds raised through its Qualified Institutional Placement of Rs 738 crore in July 2024.
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