Mumbai, July 30, 2024 – RR Kabel (RRK), the leading consumer electricals player & strong presence in
Fast Moving Electrical Goods (FMEG) has announced its Unaudited Financial Results for the quarter
ended on June 30, 2024
Operational Highlights
W&C
Revenue from the W&C segment registered ~11% growth in Q1FY25
over Q1FY24, driven by volume growth in both wires and cable
domestic business
Segment margin decreased by 160 bps in Q1 FY25 compared to Q1
FY24 mainly due to a reduction in contribution caused by volatility in
raw material prices
FMEG
Revenue grew by ~32% in Q1FY25 over Q1FY24, driven by strong
volume growth in Fans, Appliances and Switches .
Despite significant advertising expenses, the segment loss in Q1
FY25 was restrained due to increase in contribution margin
Commenting on the Results, Mr. Shreegopal Kabra, MD said, – “We are pleased to report our highest ever quarterly revenue, driven by strong volumes in both our wires and cable domestic businesses and FMEG business, despite the challenges posed by elections and heatwaves. This achievement highlights our solid position in the industry. We remain committed to our growth in FY25, while continuing to focus on sustaining margins amidst volatile copper prices. The outlook remains strong with government capital expenditure and a resilient residential sector. Our FMEG segment also saw significant growth due to our strategic decisions. We continue to focus and accelerate on expanding capacity, targeting high-margin products, and implementing strategic initiatives to lead us in FY25.”
