FY23Q2 concall notes
- Domestic business is doing very well, trade channel is very buoyant
- Australian business was muted because orders for USA was shifted to Q3 and Q4 due to shipping issues (no order cancellation)
- Launching new models in US and exploring new sales channels including large format stores, ecommerce & D2C
- EBITDA margins were lower because of additional costs for market research and trade channel incentives (6 cr.; one-time), higher freight expenses for exports to Brazil (3 cr.) and higher warranty expenses (because of higher sales from retailers and will persist going forward)
- Will reach pre-covid EBITDA margins over a period of time
- Commercial air coolers have higher margins vs domestic air coolers
Disclosure: Not invested (no transactions in last-30 days)
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