ORIENTBELLNSEQ2FY2611 November 2025

Orient Bell Limited

1,934words
2turns
0analyst exchanges
0executives
Key numbers — 40 extracted
42.4 Million
ties Sikandrabad, UP - 14.8 MSM Hoskote, KAR - 6.6 MSM Dora, GUJ - 5.5 MSM Morbi, GUJ - 15.5 MSM 42.4 Million sqmt Annual Capacity (including AE*) 2000+ Business Partners 300+ Tile Boutiques (Experience Cent
rs 300
SM Morbi, GUJ - 15.5 MSM 42.4 Million sqmt Annual Capacity (including AE*) 2000+ Business Partners 300+ Tile Boutiques (Experience Centers) Healthy Balance Sheet 0.01x Net Debt-Equity 26 days Healthy
0.01x
ing AE*) 2000+ Business Partners 300+ Tile Boutiques (Experience Centers) Healthy Balance Sheet 0.01x Net Debt-Equity 26 days Healthy Cash Conversion Ratio 4,000+ SKUs Ceramic Vitrified Double Cha
rs 0
ancial & Operational Highlights 4 Operational Highlights – Q2FY26 People T3R-2.29:1 L&D >2500 Hrs 0 Accidents Safety Top Priority NIL accidents 41% of Sales From OBTX, Active Count 300+ 58% of S
41%
lights – Q2FY26 People T3R-2.29:1 L&D >2500 Hrs 0 Accidents Safety Top Priority NIL accidents 41% of Sales From OBTX, Active Count 300+ 58% of Sales From Vitrified Tiles 41% of Sales From GVT
58%
Hrs 0 Accidents Safety Top Priority NIL accidents 41% of Sales From OBTX, Active Count 300+ 58% of Sales From Vitrified Tiles 41% of Sales From GVT 3.8% of Sales ▪ Marketing Investments ▪ Co
3.8%
f Sales From OBTX, Active Count 300+ 58% of Sales From Vitrified Tiles 41% of Sales From GVT 3.8% of Sales ▪ Marketing Investments ▪ Continues TV ads COP lower by 3.7% y-o-y (#L-f-L basis at co
3.7%
41% of Sales From GVT 3.8% of Sales ▪ Marketing Investments ▪ Continues TV ads COP lower by 3.7% y-o-y (#L-f-L basis at constant Product Mix and Energy costs) Consistent leader on Cost KPI T3R -
3.0%
for Like ; COP – Cost of production 5 Consolidated Financial Highlights Revenues (Rs. Crores) +3.0% -0.1% 159.3 107.5 51.8 Q2FY25 306.6 208.9 97.7 1HFY25 164.1 109.5 54.6 Q2FY26 306.2
0.1%
e ; COP – Cost of production 5 Consolidated Financial Highlights Revenues (Rs. Crores) +3.0% -0.1% 159.3 107.5 51.8 Q2FY25 306.6 208.9 97.7 1HFY25 164.1 109.5 54.6 Q2FY26 306.2 203.5
22.5%
164.1 109.5 54.6 Q2FY26 306.2 203.5 102.7 1HFY26 Own JV + Trading EBITDA (Rs. Crores) +22.5% 8.0 @5.0% 9.8 @6.0% Q2FY25 Q2FY26 +18.8% 15.4 @5.0% 12.9 @4.2% 1HFY25 1HFY26 PBT (Rs.
5.0%
5 54.6 Q2FY26 306.2 203.5 102.7 1HFY26 Own JV + Trading EBITDA (Rs. Crores) +22.5% 8.0 @5.0% 9.8 @6.0% Q2FY25 Q2FY26 +18.8% 15.4 @5.0% 12.9 @4.2% 1HFY25 1HFY26 PBT (Rs. Crores) +3
Speaking time
Note
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Opening remarks
Note
1. Other Liabilities : Deferred Tax Liabilities, Employee Cost Provisions, Unpaid Dividends, Statutory dues & provisions 2. Other Assets : Deposits with Government and others, Advance Tax (Net of Provisions), GST Receivable (Net of Payables) and advances. 8 Strong Debt Profile & Working Capital Cycle Working Capital (Days) DPO DIO DSO 25 50 39 -64 19 58 39 -78 26 59 28 -62 -7 33 61 45 -72 26 62 43 -79 31-Mar-23 31-Mar-24 31-Mar-25 30-Sep-24 30-Sep-25 • Consistently managing working capital cycle efficiently. • Net debt @ Rs 3.6 crores. • Comfortable Loan Maturity Profile for coming years. Debt (Rs. Crores) Short Term Borrowing Long Term Borrowing Cash Rs 13.4 Net Debt Rs 27.6 Cash Rs 34.4 Net Debt Rs 9.6 3.0 Cash Rs 32.9 Net Debt Rs 3.6 Cash Rs 3.3 Net Debt Rs (-) 1.4 1.9 31-Mar-23 41.0 41.0 36.5 31-Mar-24 31-Mar-25 30-Sep-25 Day Sales Outstanding (DSO) and Days Inventory Outstanding (DIO) computed on the basis of sales while Days Payable Outstanding (DPO) derived using Cost of Goods S
Notes
1. 2. Working Capital (WC) Cycle or Cash Conversion Cycle (CCC) Days = DSO + DIO - DPO 3. *Calculated based on last 3 Trailing Months 9 Company Initiatives 10 Adhesive business started in Q2FY26 “Pilot started in North India” 11 We celebrated our crossing 100k followers with the Instagram Community 100K follower celebration on Instagram. We did an Ask-Me-Anything contest that was enjoyed by our followers. 12 Leveraging reels to explain benefits and visualization tools 13 Demystifying Tiles To Make Tile Shopping Easier 14 Historical Financials 15 Historical Annual Performance Trends Revenue (Rs Crores) Gross Margin* (%) EBITDA (Rs Crores) 651 700 670 667 491 500 34.2% 35.9% 37.7% 35.2% 33.6% 35.0% 9.0% 7.4% 7.5% 6.4% 4.6% 3.5% 31 37 59 53 24 31 10.00% 9.00% 8.00% 7.00% 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% FY20 FY21 FY22 FY23 FY24 FY25 FY20 FY21 FY22 FY23 FY24 FY25 FY20 FY21 FY22 FY23 FY24 FY25 Vitrified Sales (%) GVT Sales (%) 38% 41% 43% 45% 59% 51% 41% 30% 13% 16% 20% 23% FY20 FY
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