'
Ador Welding hosted a conference
call on Nov 9, 2023. In the conference call the company was represented by
Aditya Malkani, ED.
Key takeaways of the conference
call
Volume growth for consumables and
equipment in Q2FY24 is about 22% and 35% respectively. The momentum continues in Oct 2023 as well. Margin dip is primarily due to product
mix.
Export contribution in H1FY24 is
about Rs 60 crore. The H1Fy24 sales are
almost that of last year’s export sales. Middle East accounts for about 80% of
its exports sales. Ador is a well
entrenched/established brand in Middle East as the company is there in that
market for long time. But what the company is now doing post covid is building
a structural organisation to cater to the market such as building right distribution
partner and brand investment etc.
Investing time and effort on expanding the high value products business and
there is 3-5% margi...
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