Vadilal Industries Limited

3%

utlook FY19 & Q1FY20 Financial Performance Management’s Message 5 “During FY19, we have delivered 3% growth in reported revenues. However, adjusted for changes in billing methodology in domestic sales

13%

ever, adjusted for changes in billing methodology in domestic sales, consolidated revenue growth is 13%. Domestic revenues declined by 7% on reported basis but increased by 3% on adjusted, like-to-like c

7%

ng methodology in domestic sales, consolidated revenue growth is 13%. Domestic revenues declined by 7% on reported basis but increased by 3% on adjusted, like-to-like comparison basis. Domestic business

20 million

our core markets. International revenues continued to deliver encouraging expansion to cross the $ 20 million milestone, on the back of 54% revenue growth during FY19. International business is now over 25% of

54%

nues continued to deliver encouraging expansion to cross the $ 20 million milestone, on the back of 54% revenue growth during FY19. International business is now over 25% of revenues and growth is driven

25%

illion milestone, on the back of 54% revenue growth during FY19. International business is now over 25% of revenues and growth is driven by strong demand for our high quality ice creams and other product

600 basis point

espread access to the sizeable Indian diaspora in key target markets. Gross margin expanded by over 600 basis points last year on the back of volume growth, benign raw material prices and larger contribution from in

400 basis point

r operating expenses that remained almost unchanged. As a result, EBITDA margin increased by almost 400 basis points and profit after tax more than doubled. We have started FY20 with double digit growth in the summe

Rs. 30

n the second half of the year. We continue to incur regular capital expenditure and expect to spend Rs. 30-35 crore during the year. We also expect to deliver double digit growth with higher contribution fr

35 crore

econd half of the year. We continue to incur regular capital expenditure and expect to spend Rs. 30-35 crore during the year. We also expect to deliver double digit growth with higher contribution from intern

10%

s Statement Consolidated Q1FY20 Q1FY19 Q4FY19 Q4FY18 FY19 FY18 Revenue 260.9 231.1 13% 114.7 127.1 -10% 577.9 558.6 3% Gross Profit 127.5 111.3 15% 53.1 58.8 -10% 282.9 246.0 15% EBITDA 67.8 57.6 18% -0.

15%

9 Q4FY18 FY19 FY18 Revenue 260.9 231.1 13% 114.7 127.1 -10% 577.9 558.6 3% Gross Profit 127.5 111.3 15% 53.1 58.8 -10% 282.9 246.0 15% EBITDA 67.8 57.6 18% -0.02 9.5 -100.2% 82.8 59.3 39.8% EBITDA Margin