Control Print (522295) Q1 24/25 earnings summary

Executive summary

• Standalone Q1 FY25 revenue reached INR 89 crore (Rs. 882 mn), the highest ever, driven by consumable sales and sectoral focus.

• EBITDA, PBT, PAT, and EPS (excluding exceptional items) grew by 15–17% year-over-year.

• Installed base exceeds 19,500 printers, supporting recurring consumable sales.

• Key sectors driving performance include pipes, homes, cement, FMCG, beverages, and market share consolidation in beverages, sugar, plywood, and dairy.

• Strategic focus on business verticals, international expansion, digital printing, and track & trace solutions.

Financial highlights

• Q1FY25 net sales: Rs. 882.1 mn, up 11.4% YoY; gross profit: Rs. 543.8 mn, up 16% YoY.

• Gross margin improved to 61.65% (up 244 bps YoY); EBITDA margin at 26.54% (up 90 bps YoY).

• PAT (excluding exceptional): Rs. 162 mn, up 14.6% YoY; EPS: Rs. 10.13, up 17% YoY.

• Q1 consolidated PBT was INR 16 crore, lower than standalone PBT of INR 20.36 crore, mainly due to planned losses in CP Italia.

• Revenue mix for Q1: printers 14%, consumables 66%, spares 7%, service income 13%.

Outlook and guidance

• Management aspires to reach INR 400 crore standalone revenue for FY25, with a strong pipeline and focus on large accounts.

• Focus on higher consumable sales, new product launches, and expanding installed base.

• Expectation of improved results from track & trace and digital printing segments this year.

• CP Italia expected to remain in investment phase with a budgeted expense of INR 27-28 crore for FY25; losses will continue until sales ramp up.

• Plans for global market access and new technology through organic and inorganic routes.