Cello World

Aug 7 (Reuters) - Cello World Ltd CELO.NS:

• JUNE-QUARTER CONSOL PROFIT 734 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 5.27 BILLION RUPEES

Source text: ID:nBSEbSM9lG

Further company coverage: CELO.NS

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Aug 6 (Reuters) - Cello World Ltd CELO.NS:

• CELLO WORLD LTD- CLARIFIES MEDIA REPORT "BAIN CAPITAL LEADS TALKS TO BUY MAJORITY STAKE IN CELLO WORLD"

• CELLO WORLD - SAYS NOT PRIVY TO ANY NEGOTIATIONS

Source text: ID:nNSE7hzNr2

Further company coverage: CELO.NS

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** Wim Plast WIMP.BO jumps as much as 15% to 579.80 rupees, highest since May 23, 2024

** Plastic furniture maker posts 8.5% y/y rise in Q4 consol net profit; rev rises 8%

** Stock set for fifth straight session of gains, rising 20% in the period

** WIMP sees most active day since November 14, with trading vols at 6x their 30-day avg

** YTD, stock falls 16%

(Reporting by Kashish Tandon in Bengaluru)

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** Motilal Oswal sees selective opportunities emerging in equities linked to consumption due to cheaper valuations following the recent drop

** FMCG index .NIFTYFMCG is down 6.4% in 2025 so far compared; Nifty 50 up 0.3%

** In the last two decades, consumer stocks have risen in all 11 phases of corrections in the benchmark Nifty 50 index .NSEI

** However, NIFTYFMCG has fallen 22.65% between the end of September 2024 and February 2025 vs 14.3% drop in Nifty 50

** Recent market drop has offered entry points in several key consumer and retail stocks, says brokerage

** Expects consumer indexes to recover in FY2026 as valuations ease

** Motilal's key small-cap, mid-cap picks include Page Industries PAGE.NS, Devyani International DEVY.NS, Metro Brands METB.NS, V-Mart VMAR.NS, Lemon Tree Hotels LEMO.NS, LT Foods LTOL.NS and Cello World CELO.NS

** Tax cuts and RBI rate cut in February will boost aggregate demand, investor sentiment, according to Motilal

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Cello World CELO.NS falls 1.6% to 604.50 rupees

** Homeware products maker says furnace at its subsidiary's Opal division caught fire, but was quickly contained

** No casualties or injuries reported so far

** Co's unit ascertaining losses in fire

** CELO fell 3.9% in 2024

(Reporting by Vijay Malkar)

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Feb 18 (Reuters) - Cello World Ltd CELO.NS:

• CELLO WORLD LTD - FIRE INCIDENT AT CELLO INDUSTRIES ON FEBRUARY 18, 2025

• CELLO WORLD LTD - FIRE CONTROLLED QUICKLY, NO CASUALTIES OR INJURIES REPORTED

• CELLO WORLD LTD - CO HAS ADEQUATE INSURANCE COVERAGE

Source text: ID:nBSE5b2b4

Further company coverage: CELO.NS

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Feb 11 (Reuters) - Cello World Ltd CELO.NS:

• CELLO WORLD DEC-QUARTER CONSOL NET PROFIT 864 MILLION RUPEES

• CELLO WORLD LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 5.57 BILLION RUPEES

Source text: ID:nBSE8nynCh

Further company coverage: CELO.NS

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** Indian kitchenware products maker Cello World CELO.NS up as much as 6.8% to hit all-time high at 1,025 rupees

** Co has launched qualified institutional placement to raise 7.30 billion rupees ($87.40 million), CNBC-TV18 reported, citing sources

** Co on Wednesday approved floor price of 896.10 rupees for QIP, but did not disclose the amount it aims to raise

** CELO did not immediately respond to Reuters' request for a comment

** CELO shrs up 24% since debut in Nov

($1 = 83.5225 Indian rupees)

(Reporting by Sethuraman NR in Bengaluru)

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** Shares of Cello World Ltd CELO.NS up 3.1% at 848.50 rupees

** Motilal Oswal maintains "buy" rating on consumerware company, sees Cello overtaking market leader La Opala R G Ltd LAOP.NS in consumer glassware segment

** Glassware is CELO's fastest growing segment and will likely grow 26% CAGR from FY23-26 led by demand tailwinds, capacity expansion - Motilal

** CELO gets 15% of its revenue from glassware, brokerage says

** Around 366,000 shares traded, 1.2x the 30-day avg volume

** All six analysts tracking CELO rate it "buy" or higher; median PT is 975 rupees - LSEG data

** Market leader LAOP has fallen 25% since CELO listed in November, while CELO is up 2.1% in the same period

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of Indian consumer products maker Cello World CELO.NS down 1.1% at 805 rupees

** Kotak Institutional Equities initiates coverage on co with "add", TP of 950 rupees, ~18% premium to current price

** Indian consumerware market is estimated to grow at a CAGR of ~10% over FY24-27, with segments like consumer homeware and glassware expected to grow at 9% and 17% CAGR, respectively - brokerage

** Estimates strong revenue and profitability growth for CELO over FY24-27, with estimated CAGR of 15%, 18%, and 17% for revenue, EBITDA, and PAT, respectively

** Co's revenue, EBITDA, and PAT rose by 32.2%, 26.1%, and 30.4%, respectively, in FY23

** Brokerage, however, flags rise in competition in consumer glassware segment as a key risk

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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** Shares of kitchenware maker Cello World CELO.NS rise as much as 5% to 885 rupees, last up 3.8%

** Motilal Oswal initiates coverage on stock with "buy" rating on expectations of faster growth than rest of the sector

** Expects CAGR of 18% for revenue, 23% for EBITDA, and 25% for adjusted PAT from FY23 to FY26

** Cello benefits from expanding TAM (total addressable market), driven by factors including favourable demographics, increased discretionary spending, evolving consumer preferences - Motilal

** Sets TP of 1,100 rupees, which is 30.5% higher than Monday's close

** Brokerage, however, flags potential risks, including volatility in raw material prices and increased competition

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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** India's representation in the MSCI global standard index could cross 20% by mid-2024 from 17.1% currently - Nuvama

** Jindal Stainless JIST.NS, Punjab National Bank PNBK.NS, BHEL BHEL.NS and NMDC NMDC.NS among inclusion candidates for global standard index - brokerage

** JIST, PNBK, BHEL and NMDC likely to receive inflows of $149 mln, $144 mln, $137 mln and $132 mln, respectively, Nuvama adds

** The stocks are trading flat currently

** IREDA INAR.NS, Cello World CELO.NS, Honasa Consumer HONA.NS and SignatureGlobal SIGT.NS among inclusion candidates for smallcap index with expected inflows of $11 mln, $7 mln, $6 mln and $4 mln respectively

** Shares of CELO and HONA up ~1%, SIGT up 3%, while IREDA little changed in early trade

** GMR Airports Infrastructure GMRI.NS and Prestige Estates PREG.NS could be excluded from the global standard index, resulting in outflows of $26 mln and $1.8 mln respectively - Nuvama

(Reporting by Kashish Tandon in Bengaluru)

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** JM Financial initiates coverage of Cello World CELO.NS with "buy" rating and PT at 950 rupees

** The PT represents a 17.8% premium to stock's last close

** CELO's total addressable market size including consumerware, writing instruments, moulded plastics is estimated to be around 743 bln rupees ($8.92 bln) and has seen 9% CAGR in FY15-23 and is likely to post 8% CAGR to reach 1.02 trln rupees in FY27 - JM

** CELO has outperformed its peers across consumerware and writing instruments in almost all aspects of revenue growth, margins and return profile in FY21-23 - JM

** Expects CELO's rev/EBITDA/PAT to grow 16%/21%/24% CAGR in FY23-26 with a potential 16% internal rate of return over the next 3 years

** Shares of CELO rise as much as 2.6% to 827.70 rupees

($1 = 83.2577 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

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** Systematix Institutional Equities initiates coverage on Indian kitchenware products maker Cello World CELO.NS with a 'buy' rating and a TP of 949 rupees, about 22% higher than its last closing price

** Expect compound annual growth rate (CAGR) of about 17% in revenue and 21% in EBITDA over FY23-26E driven by its consumer houseware segment and foray into glassware manufacturing with rev potential of about 2.8 billion rupees - brokerage

** Adds that distribution expansion, branding, strong in-house capability of manufacturing products that drive about 80% of its rev are key growth drivers

** Key risks include competition from organized and unorganized sectors alongside sensitivity to plastic granules and polymer prices that constitute about 50% of its costs

** CELO shares closed 1.7% higher; about 248,000 shares traded during the session, nearly half its 30-day avg

** Stock down about 1.7% so far since debut in Nov

(Reporting by Dimpal Gulwani in Bengaluru)

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BENGALURU, Nov 6 (Reuters) - Shares of Indian kitchenware products maker Cello World CELO.NS were 27.93% higher in their pre-open trading debut on Monday, valuing the company at 175.94 billion rupees ($2.12 billion).

The stock was trading at 829 rupees, compared with its initial public offer (IPO) price of 648 rupees.

The benchmark Nifty 50 .NSEI was 0.5% up.

($1 = 83.1710 Indian rupees)

(Reporting by Rama Venkat in Bengaluru; Editing by Nivedita Bhattacharjee)

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By Rama Venkat

BENGALURU, Nov 1 (Reuters) - Indian kitchenware products maker Cello World's initial public offering (IPO) was oversubscribed by nearly 40 times, higher than similar IPOs recently, inviting bids worth 556.19 billion rupees ($6.7 billion), exchange data showed on Wednesday.

Investors bid for more than 858.3 million shares, compared with the 22 million shares on offer, with institutional investors showing the most interest, the data showed.

"Despite markets being on weaker note, Cello World offer received an overwhelming response, although retail investors remained cautious as IPO has only an offer for share sale from existing stakeholders," said Prashant Tapse, senior vice president (research) at Mehta Equities.

Cello World's shareholders -- including its promoters, an Indian market term for large shareholders who can influence company policy -- are selling stock worth 19 billion rupees in the IPO, while the company itself if not offering any shares.

Other IPOs where the company did not sell shares have seen tepid interest. For example, the IPOs of Blue Jet Healthcare BLUJ.NS, Mankind Pharma MNKI.NS and Concord Biotech CONB.NS were oversubscribed 7-27 times.

Cello World has set a price band of 617-648 rupees per share for the IPO. At the top end, it will be valued at 137.53 billion rupees, three times rival Borosil's BORS.BO market value and nearly seven times that of Stovekraft STVE.NS and Butterfly Gandhimathi Appliances BUTT.NS.

"On valuation, it seems the issue is reasonably priced, reflecting an expected revenue and profit growth," said Tapse.

The company's consolidated net profit jumped 25.2% year-over-year to 774.4 million rupees in the quarter ended June 30, while revenue rose 9%.

In that same period, Borosil's profit shrunk 62.5% due to higher raw material costs, while revenue climbed 16%.

Cello World is expected to list on the stock exchanges on Monday.

Kotak Mahindra Capital and ICICI Securities were among the lead IPO's managers.

($1 = 83.2840 Indian rupees)

(Reporting by Rama Venkat in Bengaluru; Editing by Savio D'Souza)

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