Carysil Limited Q3 and 9 Months FY24 Earnings Conference Call February 01, 2024
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Our focus on increasing capacity utilization in the quartz sinks category has been steady, with progress reaching 70% by the end of 9 months FY24 and expected to increase further on a quarter-on-quarter basis
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We expanded our capacity by adding 90,000 units in the last quarter, bringing the total to 1,80,000 units. The demand in this segment remains strong, with capacity utilization of 67% of the quarter ended 31st December 2023
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Our performance in the US and the UK market continues to be strong. The destocking process concluded and inventory is returning to its normal levels
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We expect better operating margins in the coming quarters due to various actions taken by improvement in, material sourcing, and business expansion
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Howdens is the Number 1 trade kitchen supplier in the UK. It has 750 depots. It has 27 granite
models. They sell 10,000 kitchen sinks per week. That’s 500,000 kitchens per annum. Their gross revenue is 3.3 billion pounds with approximately 20% EBITDA margins. That has been a great feather on the cap for our UK team. And we also have received the first order from them -
It’s exciting to inform you that we have initiated the sale of appliances from our new manufacturing setup. By March 2024, our state-of-the-art facility, capable of producing 1 lakh units annually will be fully operational
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