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17-Nov-2023

Ador Welding

Volume growth momentum continues in Q3FY24 as well


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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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