Symphony Limited (517385) Q4 24/25 earnings summary

Executive summary

• Achieved record consolidated revenue of ₹1,576 crore for FY25, up 36% YoY, with Q4 revenue up 47% YoY, both highest ever.

• Standalone revenue crossed ₹1,000 crore for the first time, reaching ₹1,182 crore, up 49% YoY, driven by rural and alternate channels.

• EBITDA and PAT reached all-time highs for both annual and quarterly periods on consolidated and standalone bases, despite exceptional items.

• Significant expansion in rural, semi-urban, and modern trade channels, with robust sales in adjacent categories.

• Strategic review and divestment process initiated for Australian and Mexican subsidiaries.

Financial highlights

• Consolidated EBITDA rose 83% YoY to ₹316 crore; PAT after exceptional items at ₹213 crore, up 44%.

• Gross margin improved to 49.19% (up 116 bps); EBITDA margin to 20.05% (up 512 bps); PAT margin to 13.49% (up 171 bps) for FY25.

• Standalone EBITDA up 78% to ₹287 crore; PAT at ₹176 crore after ₹91 crore exceptional items.

• Dividend payout of ₹178 crore (84% of consolidated profit), exceeding guidance; total FY25 dividend at ₹13 per share.

• Share buybacks totaling ₹271.4 crore over FY24 and FY25.

Outlook and guidance

• Summer 2025 started strong but turned muted due to erratic weather; recovery potential remains.

• Focus on expanding rural, semi-urban, and modern trade channels, scaling adjacent categories, and digital expansion.

• U.S. market presents new opportunities due to tariffs on Chinese competitors; targeting growth in USA, Brazil, Europe, and Middle East.

• Exiting CT Australia and IMPCO Mexico to sharpen management focus and improve capital allocation.