Orient Bell Tile Boutiques Launches Highest Number of Stores in FY21

Orient Bell Ltd. has announced that FY21 saw an addition of 69 new Orient Bell Tile Boutiques (OBTB’s), the highest so far in a single year, with an increase in the total number of active OBTBs to 230 as of 31st March 2021.

The company has also announced its unaudited financial results for the quarter ending March 31, 2021. Revenue growth in the quarter was 43 percent y-o-y led by the renewed focus on new products, displays, and channel engagements. This is up from the 21 percent y-o-y revenue growth in Q3 2021.

EBITDA margin improved further to 10.8 percent in Q4FY21 aided by higher volumes, lower fuel costs, and cost control. On a consolidated basis (including OBL’s share of profit from Associates), PAT for Q4FY21 at Rs 8.3 crore vs Rs 5.1 crore in Q4FY20.

With a continuous strong focus on working capital management, the cash conversion cycle continues to be 13 days on March 31, 2021 vs 54 days on March 31, 2020. The Net debt was below ZERO at Rs (-) 19 crores as of 31st March 2021.

In addition to this, the revenue from vitrified tiles improved to 41 percent vs 40 percent last year. OBL launched more than 500 SKUs launched YTDFY21 across existing and new product categories.

Orientbell Tiles received three prestigious awards in FY21, Brand of the Year by Realty Plus, Mobile App of the Year by Realty Plus, and Best Infrastructure Brand by The Economic Times.