Publishing company Navneet Education announced H1FY25 results Total Revenue from publication business was Rs 498 crore as compared to Rs 504 crore in H1FY24. Total Revenue from Stationery Business stood at Rs 563 crore registering a growth of 3% as compared to H1FY24. Exports Revenue stood at Rs 390 crore, a growth of 9% as compared to H1FY24. Domestic Revenue stood at Rs 173 crore, a de-growth of 9% as compared to H1FY24. Working Capital Cycle as on H1FY25. Receivable Days – 56 days. FG Inventory Days – 55 days. RM Inventory Days – 80 days. The Board of Directors have declared the interim dividend of Rs 1.50 (i.e.,75 %) per equity share having face value of Rs 2/- each for the financial year 2024-25. Gnanesh (Sunil) Gala, Managing Director, said: "In H1FY25, revenue remained largely stable at Rs 1,065 crore, compared to Rs 1,053 crore in H1FY24. EBITDA for the period was Rs 236 crore, up from Rs 219 crore in the same period last year. In our publication segment, curriculum reductions for specific grades by State Boards required us to redesign certain products, impacting realizations. However, stable paper prices allowed us to set accurate pricing, which led to better-than-anticipated volume growth compared to the same period last year. This volume increase offset price reductions, maintaining stable revenue at Rs 498 crore, compared to Rs 504 crore in H1FY24. In the domestic stationery business, revenue for the period was Rs 173 crore, down from Rs 189 crore in H1FY24. This decrease was primarily due to product repricing following reduced raw material costs. However, in absolute terms we saw marginal growth in volumes across categories. Additionally, domestic sales faced some pressure due to slower-than-expected movement in channel-level inventory in key markets. To regain sales momentum in the domestic market, we are expanding our offerings within existing paper stationery categories and planning new product introductionsin non paper categories. Our export stationery business continued to strengthen, driven by growing demand for both traditional paper-based and modern non-paper products. Revenue for the period stood at Rs 390 crore, up from Rs 358 crore in the same period last year. In the export market, we have introduced new product categories in both paper and non-paper segments, and we have started receiving encouraging inquiries including the products which were evaluated for ADD." Result PDF