Cello World Limited , a prominent player in the consumer goods sector, has announced the results of its recent postal ballot, revealing strong shareholder support for the re-appointment of key directors. The voting, conducted through electronic means, concluded on October 31, 2025, with shareholders approving four significant ordinary resolutions.

Board Re-appointments

The postal ballot results show overwhelming support for the company's leadership:

Terms of Appointment

All four directors have been re-appointed for a five-year term, effective from November 11, 2025, to November 10, 2030. This decision ensures continuity in the company's leadership and strategic direction for the coming years.

Voting Process and Scrutiny

The postal ballot notice was issued on October 1, 2025, with the voting period spanning from October 2 to October 31, 2025. The process was conducted entirely through electronic voting, in line with current corporate governance practices and regulatory guidelines.

CS Dharmesh Sarvaiya, appointed as the scrutinizer, submitted the report on November 3, 2025, confirming the validity of the voting process and results. The scrutinizer's report indicates that the e-voting system provided by MUFG Intime India Private Limited - InstaVOTE was used for the ballot.

Implications for Cello World Limited

The strong approval ratings for all four resolutions suggest that shareholders have confidence in the current leadership team. This vote of confidence may provide the management with a mandate to continue their strategic initiatives and corporate governance practices.

The re-appointment of these key directors, including the Chairman and Managing Director, two Joint Managing Directors, and a Non-Executive Director, indicates a commitment to maintaining stability in the company's top management. This continuity in leadership may be seen as a positive sign for the company's long-term strategic planning and execution.

Cello World Limited, known for its consumer products, appears to be positioning itself for sustained growth and development under the continued guidance of its experienced leadership team. The company's ability to secure such high approval ratings from its shareholders may be interpreted as a sign of strong investor confidence in its current direction and future prospects.

As Cello World Limited moves forward with its re-appointed leadership, stakeholders will likely be watching closely to see how this vote of confidence translates into business performance and shareholder value in the coming years.

Cello World Limited , a prominent player in the consumer goods sector, has reported a mixed financial performance for the first quarter. The company achieved a 6% year-on-year revenue growth, reaching INR 529.00 crores, up from INR 501.00 crores in the same quarter of the previous fiscal year.

Segment Performance

Consumerware Segment Leads Growth

The Consumerware segment emerged as the primary growth driver for Cello World, posting a robust 12% increase. Within this segment, the glassware business stood out with an impressive 50% growth, significantly contributing to the overall revenue expansion.

Writing Instruments Face Headwinds

In contrast, the Writing Instruments segment encountered challenges, with revenue declining to INR 74.00 crores from INR 83.00 crores. This downturn was attributed to a slowdown in export demand and pressure on domestic sales.

Furniture Business Remains Subdued

The furniture business of Cello World remained subdued, generating revenue of INR 90.00 crores, indicating limited growth in this segment.

Financial Highlights

Margin Performance

Despite achieving its highest-ever gross profit margin of 54%, Cello World experienced a decline in EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margin, which dropped to 24%. The company's Profit After Tax (PAT) stood at INR 73.00 crores, translating to a 14% margin.

New Glassware Facility Impact

The company's new glassware facility in Falna contributed INR 15.00-16.00 crores in sales. However, it operated at a loss, which negatively impacted the overall profitability of the company.

Factors Affecting Profitability

Management cited several factors contributing to margin pressure:

1. Increased sales promotion activities
2. Higher energy costs in Daman
3. Wage increases
4. Inability to raise prices due to a competitive environment

Future Outlook

Despite the challenges, Cello World maintains its revenue guidance for the full year, projecting a growth of 12-15%. However, the company has revised its EBITDA margin guidance downward to approximately 23%, reflecting the ongoing pressures on profitability.

As Cello World navigates through these challenging market conditions, the company's ability to maintain its revenue growth while addressing margin pressures will be crucial for its performance in the coming quarters.