Cello World share price sheds over 8% in two sessions post Q4 results. Should you buy, sell or accumulate?

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₹512.5 crore. The company's revenues for FY24 increased to ₹2,000.3 crore, an 11.3% YoY rise.

The consumer goods, writing instrument, and molded furniture businesses reported quarterly revenues of ₹327 crore, ₹87.6 crore, and ₹97.9 crore, respectively.Revenue increased by 12.2%, 16.9%, and 3.5% in FY24 for the consumerware, writing instruments, and molded furniture businesses, respectively. For consumer goods, the quarter-over-quarter volume rise was 7-8%; for writing instruments, it was 11%; and for molded furniture, it was 18%.Also Read: Lok Sabha elections 2024 trading: Kripashankar Maurya of Choice Broking recommends buying these 7 stocks for short termMoving forward, the management anticipates a significant increase in rural demand due to an improved monsoon prediction for CY24.Lead by a 15–17% increase in volume, the management directs a 15–17% increase in income.

With a quicker ramp-up of the glassware capacity and an improved pricing condition, revenue growth might reach 20%. In FY25, EBITDA margins should be stable between 24 -26%.

Houseware sales are predicted to increase by 15%, while income from consumer glassware would only reach around ₹460–475 crore in FY25.Also Read: Sumitomo Chemical stock jumps over 9% to 52-week high as profit jumps 52% in Q4The firm has said that it would be raising funds through fundraising to pay off debt (including loans from promoters), increase glassware production, and make inorganic acquisitions within its current markets.On Tuesday, Cello World share price opened at ₹875 apiece on BSE; the stock touched an intraday low of ₹842.05 and an intraday high of ₹881.40. Since Cello World's debut in November 2023, the stock has gained about 30% so far.