IFB Industries Ltd
NSE:IFBIND
IFB Industries Ltd
IFB Industries Ltd. engages in the manufacturing of home appliances and part and accessories for motor vehicle. The company is headquartered in Kolkata, West Bengal and currently employs 2,640 full-time employees. The Company’s product range includes fine blanked components, tools and related machine tools, such as straighteners, decoilers, strip loaders and others. The Engineering divisions are located at Kolkata and Bangalore. The Bangalore unit, apart from fine blanked components, manufactures motors for white goods, as well as automotive applications. The firm has two subsidiaries, Trishan Metals Pvt. Ltd (TMPL) and Global Automotive & Appliances Pte Ltd. The Company’s home appliances business offers laundry solutions, kitchen solutions, living solutions and accessories. Its laundry solutions include washing machines, including front load, top load and washer dryer refresher, and clothes dryer. Its kitchen solutions include modular kitchens; microwave ovens, including solo, grill and convection; and other.
IFB Industries Ltd. engages in the manufacturing of home appliances and part and accessories for motor vehicle. The company is headquartered in Kolkata, West Bengal and currently employs 2,640 full-time employees. The Company’s product range includes fine blanked components, tools and related machine tools, such as straighteners, decoilers, strip loaders and others. The Engineering divisions are located at Kolkata and Bangalore. The Bangalore unit, apart from fine blanked components, manufactures motors for white goods, as well as automotive applications. The firm has two subsidiaries, Trishan Metals Pvt. Ltd (TMPL) and Global Automotive & Appliances Pte Ltd. The Company’s home appliances business offers laundry solutions, kitchen solutions, living solutions and accessories. Its laundry solutions include washing machines, including front load, top load and washer dryer refresher, and clothes dryer. Its kitchen solutions include modular kitchens; microwave ovens, including solo, grill and convection; and other.
Revenue Growth: IFB Industries reported Q3 revenue of INR 1,382 crores, up 12% year-on-year.
Profit Pressure: Despite higher revenue, Q3 PAT dropped to INR 24.51 crores from INR 34.36 crores last year; profit margins were impacted by higher costs and exceptional items.
Cost Headwinds: Gains from cost innovation were offset by negative effects of forex depreciation and rising commodity prices, particularly copper.
Guidance and Strategy: Management reiterated a strong focus on margin improvement through cost-saving projects with A&M and McKinsey, but admitted execution delays and challenges.
Market Share & Capacity: IFB maintained or slightly increased market share in key segments like front-load and top-load washing machines, and currently has sufficient manufacturing capacity.
Engineering Division: Targeting 20%+ annual growth, with significant CapEx planned for expansion, especially in Gujarat and NCR.
AC and Refrigerator Segments: Market share remains low (around 3-3.5% for ACs), but management aims for substantial gains and is focused on correcting distribution and product positioning.
