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12 Feb, 2022
ORIENT BELL LIMITED REVENUE INCREASE LED BY NEW PRODUCTS

Q3 was a challenging quarter with a massive increase in manufacturing costs and a demand slow down post Diwali.  The company stayed focused on its strategy and strengthened sales & distribution infrastructure. With a focus on fundamental benefits & improved execution we have been able to pass on 100% of the cost escalation to the customer.

During Q3 it completed an expansion project at Sikandrabad, adding 0.7 MSM p.a. capacity. Two other projects (1 each at our existing facilities at Sikandrabad, Uttar Pradesh and Dora, Gujarat) are on track and expected to be completed in Q1FY23 – the combined incremental volume potential being ~1.9 MSM p.a. Another “Scale Up” capex project aimed towards improving our footprint in South is underway at existing facility at Hoskote, Karnataka (incremental capacity of 1.8 MSM p.a) and is expected to be completed by Q3FY23.

 

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