Flair Writing Industries Ltd Share Price – NSE  /  BSE

Printing & Stationery, Small Cap

Net profit of Flair Writing Industries declined 42.39% to Rs 19.16 crore in the quarter ended December 2023 as against Rs 33.26 crore during the previous quarter ended December 2022. Sales declined 3.02% to Rs 224.92 crore in the quarter ended December 2023 as against Rs 231.92 crore during the previous quarter ended December 2022.

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Flair Writing Industries will hold a meeting of the Board of Directors of the Company on 10 February 2024.

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Profit before tax jumped 3% QoQ to Rs 44.24 crore.

EBITDA stood at Rs 53.8 crore in Q2 FY24, registering the growth of 2.9% as compared with Rs 52.3 crore Q1 FY24. EBITDA margin was 20.9% in Q2 FY24 as against 21.2% in Q1 FY24.

During Q2 FY24, the company has launched 28 new products.

Vimalchand Rathod , managing director (MD), Flair Writing Industries, said, “We intend to leverage the strength of our brand ‘Flair’, ‘Hauser’,’ Pierre Cardin’, manufacturing capabilities, and the existing customer base in the writing and creative instruments business for recent diversification into manufacturing steel bottles. Our multi-tiered nationwide domestic sales and distribution network enables our products to reach a wide range of consumers and help to ensure effective market penetration across geographies.

And as seen by the growth in sales of our recent launch of creative products we remain committed to be the flag bearers of innovation and focus on competitive pricing and aggressive marketing. Management’s focus remains on strengthening company’s brands and product differentiation in mid-premium segment and premium segment.”

Shares of Flair Writing Industries debuted on stock market on 1 December 2023. The scrip was listed at Rs 503, exhibiting a premium of 65.46% to the issue price of Rs 304.

Flair Writing Industries (Flair) is among the top three players in the overall writing instruments industry. It manufactures and distributes writing instruments including pens, stationery products and calculators.

The scrip declined 1.15% to Rs 356.50 on the BSE.

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Gautam Gems Ltd, Shree Ganesh Remedies Ltd Partly Paidup, SecUR Credentials Ltd and Goldiam International Ltd are among the other losers in the BSE's 'B' group today, 04 December 2023.

Flair Writing Industries Ltd tumbled 10.00% to Rs 407.45 at 14:33 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 5.33 lakh shares were traded on the counter so far as against the average daily volumes of 6.98 lakh shares in the past one month.

Gautam Gems Ltd crashed 9.13% to Rs 11.84. The stock was the second biggest loser in 'B' group.On the BSE, 4.1 lakh shares were traded on the counter so far as against the average daily volumes of 98797 shares in the past one month.

Shree Ganesh Remedies Ltd Partly Paidup lost 8.56% to Rs 480. The stock was the third biggest loser in 'B' group.On the BSE, 73 shares were traded on the counter so far as against the average daily volumes of 81 shares in the past one month.

SecUR Credentials Ltd slipped 6.17% to Rs 21.76. The stock was the fourth biggest loser in 'B' group.On the BSE, 7.87 lakh shares were traded on the counter so far as against the average daily volumes of 96047 shares in the past one month.

Goldiam International Ltd dropped 6.02% to Rs 170.2. The stock was the fifth biggest loser in 'B' group.On the BSE, 73508 shares were traded on the counter so far as against the average daily volumes of 1.62 lakh shares in the past one month.

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