Net sales (including other operating income) of Grauer & Weil (India) has declined 3.59% to Rs 274.8 crore.  Sales of Engineering segment has gone down 67.02% to Rs 19.42 crore (accounting for 7.05% of total sales).  Sales of Shoppertainment segment fell 1.81% to Rs 9.24 crore (accounting for 3.36% of total sales).  Sales of Surface Finishings segment has gone up 13.29% to Rs 246.62 crore (accounting for 89.59% of total sales). 

Profit before interest, tax and other unallocable items (PBIT) has slumped 5.11% to Rs 59.25 crore.  PBIT of Engineering reported loss of Rs 0.06 crore compared to profit of Rs 13.12 crore.  PBIT of Shoppertainment segment fell 19.97% to Rs 5.53 crore (accounting for 9.33% of total PBIT).  PBIT of Surface Finishings segment rose 26.81% to Rs 53.78 crore (accounting for 90.77% of total PBIT). 

PBIT margin of Engineering segment fell from 22.28% to 0.31%.  PBIT margin of Shoppertainment segment fell from 73.43% to 59.85%.  PBIT margin of Surface Finishings segment rose from 19.48% to 21.81%.  Overall PBIT margin fell from 21.83% to 21.52%. 

Operating profit margin has declined from 19.15% to 19.04%, leading to 4.14% decline in operating profit to Rs 52.31 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 51.70% to 51.49%.   Purchase of finished goods cost fell from 0.48% to 0.35%.   Employee cost decreased from 9.96% to 9.74%.   Other expenses rose from 18.76% to 20.31%.  

Other income rose 27.17% to Rs 11.89 crore.  PBIDT rose 0.44% to Rs 64.2 crore.  Provision for interest rose 30% to Rs 0.52 crore. 

PBDT rose 0.25% to Rs 63.68 crore.  Provision for depreciation rose 6.53% to Rs 5.71 crore. 

Profit before tax down 0.33% to Rs 57.97 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was expense of Rs 14.85 crore, compared to Rs 15.41 crore.  Effective tax rate was 25.62% compared to 26.50%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 0.87% to Rs 43.12 crore. 

Promoters' stake was 69.04% as of 31 December 2024 ,compared to 69.05% as of 31 December 2023 . 

For year-to-date (YTD) results analysis

Net sales (including other operating income) of Grauer & Weil (India) has increased 7.86% to Rs 793.58 crore.  Sales of Engineering segment has gone down 26.20% to Rs 71.30 crore (accounting for 8.96% of total sales).  Sales of Shoppertainment segment fell 3.65% to Rs 26.69 crore (accounting for 3.35% of total sales).  Sales of Surface Finishings segment has gone up 13.48% to Rs 697.96 crore (accounting for 87.69% of total sales). 

Profit before interest, tax and other unallocable items (PBIT) has jumped 5.13% to Rs 179.77 crore.  PBIT of Engineering segment fell 81.05% to Rs 3.38 crore (accounting for 1.88% of total PBIT).  PBIT of Shoppertainment segment fell 17.20% to Rs 16.90 crore (accounting for 9.40% of total PBIT).  PBIT of Surface Finishings segment rose 20.14% to Rs 159.49 crore (accounting for 88.72% of total PBIT). 

PBIT margin of Engineering segment fell from 18.47% to 4.74%.  PBIT margin of Shoppertainment segment fell from 73.68% to 63.32%.  PBIT margin of Surface Finishings segment rose from 21.58% to 22.85%.  Overall PBIT margin fell from 23.13% to 22.59%. 

Operating profit margin has declined from 20.55% to 20.02%, leading to 5.07% rise in operating profit to Rs 158.85 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 49.40% to 48.78%.   Purchase of finished goods cost fell from 0.44% to 0.33%.   Employee cost increased from 10.40% to 10.46%.   Other expenses rose from 19.69% to 20.85%.  

Other income rose 51.49% to Rs 34.13 crore.  PBIDT rose 11.09% to Rs 192.98 crore.  Provision for interest rose 20.83% to Rs 1.16 crore. 

PBDT rose 11.03% to Rs 191.82 crore.  Provision for depreciation rose 5.34% to Rs 16.58 crore. 

Profit before tax grew 11.60% to Rs 175.24 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was expense of Rs 43.8 crore, compared to Rs 39.91 crore.  Effective tax rate was 24.99% compared to 25.42%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 12.24% to Rs 131.44 crore. 

Promoters' stake was 69.04% as of 31 December 2024 ,compared to 69.05% as of 31 December 2023 . 

The scrip is currently trading at Rs 94

 

Grauer & Weil (India) : Consolidated Results
Particulars	2412 (03)	2312 (03)	Var.(%)	2412 (09)	2312 (09)	Var.(%)	2403 (12)	2303 (12)	Var.(%)
Net Sales	274.8	285.03	-4	793.58	735.78	8	1,068.90	981.82	9
OPM (%)	19.0	19.1		20.0	20.5		17.8	15.8
OP	52.31	54.57	-4	158.85	151.19	5	190.47	155.34	23
Other Inc.	11.89	9.35	27	34.13	22.53	51	30.99	19.02	63
PBIDT	64.2	63.92	0	192.98	173.72	11	221.46	174.36	27
Interest	0.52	0.4	30	1.16	0.96	21	4.12	1.86	122
PBDT	63.68	63.52	0	191.82	172.76	11	217.34	172.5	26
Depreciation	5.71	5.36	7	16.58	15.74	5	21.12	19.81	7
PBT	57.97	58.16	0	175.24	157.02	12	196.22	152.69	29
Share of Profit/(Loss) from Associates	0	0		0	0		0	0
PBT before EO	57.97	58.16	0	175.24	157.02	12	196.22	152.69	29
EO Income	0	0	LP	0	0	LP	0	-0.72	PL
PBT after EO	57.97	58.16	0	175.24	157.02	12	196.22	151.97	29
Taxation	14.85	15.41	-4	43.8	39.91	10	49.94	39.01	28
PAT	43.12	42.75	1	131.44	117.11	12	146.28	112.96	29
Minority Interest (MI)	0	0		0	0		0	0
Net profit	43.12	42.75	1	131.44	117.11	12	146.28	112.96	29
EPS (Rs)*	#	#		#	#		3.2	2.5
Notes
* EPS is on current equity of Rs 45.34 crore, Face value of Rs 1, Excluding extraordinary items.
# EPS is not annualised
bps : Basis points
EO : Extraordinary items
Figures in Rs crore
Source: Capitaline Corporate Database

 

Grauer & Weil (India) : Consolidated Segment Results
	% of (Total)	2412 (03)	2312 (03)	Var.(%)	% of (Total)	2412 (09)	2312 (09)	Var.(%)	% of (Total)	2403 (12)	2303 (12)	Var.(%)
Sales
Engineering	7	19.42	58.89	-67	9	71.3	96.61	-26	15	156.82	100.34	56
Shoppertainment	3	9.24	9.41	-2	3	26.69	27.7	-4	3	36.29	36.46	0
Surface Finishings	90	246.62	217.68	13	88	697.96	615.04	13	82	880.08	848.91	4
Total Reported Sales	100	275.28	285.98	-4	100	795.95	739.35	8	100	1073.19	985.71	9
Add: Unallocable		11.41	8.4			31.76	18.96			26.7	15.13	76
Net Sales		286.69	294.38	-3		827.71	758.31	9		1099.89	1000.84	10
PBIT
Engineering	0	-0.06	13.12	-100	2	3.38	17.84	-81	13	27.89	10.15	175
Shoppertainment	9	5.53	6.91	-20	9	16.9	20.41	-17	12	26.06	28.49	-9
Surface Finishings	91	53.78	42.41	27	89	159.49	132.75	20	75	162.11	134.63	20
Total PBIT	100	59.25	62.44	-5	100	179.77	171	5	100	216.06	173.27	25
Less : Interest		0.52	0.4	30		1.16	0.96	21		4.12	1.86	122
Add: Other un-allcoable		-0.76	-3.88	-80		-3.37	-13.02	-74		-15.72	-19.44	-19
PBT		57.97	58.16	0		175.24	157.02	12		196.22	151.97	29

 

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