New Delhi (India), April 26: Selecor Gadgets Limited, a leading player in the budget-friendly electronics industry, is on a remarkable growth trajectory as it expands its operations, distribution network and product range. As a result, these moves are paying off for Selecor as they have surpassed their previous sales, which shows how fruitful their marketing strategies have been.
Throughout the years, Selecor has consistently provided a wide range of products including Mobiles, Mobile Accessories, Smart TVs, Washing Machines Kitchen Appliances, Smart Wearables and Hearables while ensuring utmost customer satisfaction. Having established a strong presence in this market, we have recently forayed into the home appliances industry and have been rapidly expanding our reach to meet the growing demand for these products.
In line with its commitment to provide a comprehensive technology solution, Selecor has recently introduced new product categories such as home appliances and sound bars during the latter half of the year.The launch of innovative products such as Mixer Grinder, Soundbar and Washing Machine has resulted in significant growth in sales, which has greatly contributed to Selecor's remarkable achievements. For FY24 as compared to FY23, the company reported:
• Total Revenue Rs 500.52 crore vs Rs 264.35 crore (+89.33%)
• EBITDA at Rs 29.65 crore vs Rs 12.57 crore (+ 135.93%) • PAT at Rs 16.09 crore vs PAT at Rs 8.07 crore (+ 99.39%)
For H2 of FY24, compared to corresponding H2 of FY23, the company reported:
• Total Revenue Rs 290.80 Crore vs Rs 150.83 Crore (+ 92.81%) • EBITDA Rs 16.91 Crore vs Rs 7.91 Crore (+ 113.69%)
• PAT Rs 9.07 crore vs Rs 4.70 crore (+92.96%)
For H2FY24, as compared to H1FY24, the company reported:• Total revenue at Rs 290.80 crore vs Rs 209.66 crore (+38.70%)
• EBITDA at Rs 16.91 crore vs Rs 12.74 crore (+32.68%)
• PAT at Rs 9.07 crore vs Rs 7.02 crore (+29.27%)Our roots can be traced back to 2012, when we were established as a Unit Communications Proprietary firm. In 2020, we incorporated ourselves into Selecor Gadgets Limited. Celecor has achieved significant milestones in its transformation from a small-scale operation to a large-scale business with a network of over a thousand distributors, retailers and exclusive Celecor Experience Centers across the country. And it aims to add more retailers and distributors to this network, so that its product can be made available to every consumer.Selecor has taken a strategic decision to broaden its selection of electronic accessories and gadgets. In recent times, the company has expanded its product range to include home and kitchen appliances including washing machines, mixer grinders. The company appointed Tamannaah Bhatia as its brand ambassador for TWS and smartwatches, which was a significant move, and appointed Varun Dhawan for its smart TV range.
Mr. Ravi Agarwal, Managing Director of the company, said, “We are pleased to announce our financial results for H2-FY24 and FY24 which are remarkable in all aspects. Differentiating us from competitors, and validating the company's strategy of focusing on affordability and ensuring the easy adaptability of its product to a wide range of consumer segments.The spend we have done on our product basket has helped us a lot in gaining the momentum we need to achieve Rs 500 crore turnover, and this is the beginning of our journey in which we aim to expand our product portfolio by introducing additional TWS, wearables. To diversify the offering. , home appliances, sound bars and smart TVs across both its affordable and high-end product categories. Mr. Nikhil Agarwal, Whole Time Director, said, “The company has delivered another remarkable quarter of performance, driving strong growth momentum and securing new contracts. Additionally, your initiative to widen our distribution network has led to growth.” The sales volume enables us to offer our products to a wider customer base”.“Selecor is portraying a bright future and is diligent in taking it upwards, very soon we will introduce LFR, increase the distribution network, focus on corporate sales, introduce a new product range, enhance our current product range Will bring diversity in." he adds.
About Us: Selecor Gadgets journey into electronics devices business, and selling products in its own brand including mobile feature phones, smartwatches, TW (True Wireless Stereo) earbuds, neckbands and LED TVs – outsourced from various electronic assemblers and manufacturers, M/s Unit Communications, started in 2012, is a firm owned by its founder Mr. Ravi Agarwal.
The company is promoted and managed with a sustainable sustainable business strategy, in which the company aims to coordinate the business potential inherent in the growing demand for electronic products with a moderate business approach to sourcing, production and marketing aimed at providing quality . Products at affordable prices.
Today, Selecor Gadgets Limited is a leading name in the consumer electronics industry, known for its innovative and cutting-edge technology.With a commitment to making happiness affordable, Selecor offers a variety of products, including mobile phones, smart TVs, speakers, neckbands, TWS soundbars, smartwatches, washing machines and many more. The company's securities are listed on NSE EMERGE (SME Platform o The scrips are listed on the National Stock Exchange of India Limited) with code: CELLECOR.
for more information,
You may please visit https://cellecor.com/ Please contact Ms. Bindu Gupta,
chief Finance Officer
finance.head@selecor.in Disclaimer: Certain statements and words in this document that are not historical facts are forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties such as government actions, local political or economic developments, technological risks and many other factors, which may cause actual results to differ materially from these forward-looking statements. Selecor Gadgets Limited will not be responsible in any way for any actions taken based on such statements..
Throughout the years, Selecor has consistently provided a wide range of products including Mobiles, Mobile Accessories, Smart TVs, Washing Machines Kitchen Appliances, Smart Wearables and Hearables while ensuring utmost customer satisfaction. Having established a strong presence in this market, we have recently forayed into the home appliances industry and have been rapidly expanding our reach to meet the growing demand for these products.
In line with its commitment to provide a comprehensive technology solution, Selecor has recently introduced new product categories such as home appliances and sound bars during the latter half of the year.The launch of innovative products such as Mixer Grinder, Soundbar and Washing Machine has resulted in significant growth in sales, which has greatly contributed to Selecor's remarkable achievements. For FY24 as compared to FY23, the company reported:
• Total Revenue Rs 500.52 crore vs Rs 264.35 crore (+89.33%)
• EBITDA at Rs 29.65 crore vs Rs 12.57 crore (+ 135.93%) • PAT at Rs 16.09 crore vs PAT at Rs 8.07 crore (+ 99.39%)
For H2 of FY24, compared to corresponding H2 of FY23, the company reported:
• Total Revenue Rs 290.80 Crore vs Rs 150.83 Crore (+ 92.81%) • EBITDA Rs 16.91 Crore vs Rs 7.91 Crore (+ 113.69%)
• PAT Rs 9.07 crore vs Rs 4.70 crore (+92.96%)
For H2FY24, as compared to H1FY24, the company reported:• Total revenue at Rs 290.80 crore vs Rs 209.66 crore (+38.70%)
• EBITDA at Rs 16.91 crore vs Rs 12.74 crore (+32.68%)
• PAT at Rs 9.07 crore vs Rs 7.02 crore (+29.27%)Our roots can be traced back to 2012, when we were established as a Unit Communications Proprietary firm. In 2020, we incorporated ourselves into Selecor Gadgets Limited. Celecor has achieved significant milestones in its transformation from a small-scale operation to a large-scale business with a network of over a thousand distributors, retailers and exclusive Celecor Experience Centers across the country. And it aims to add more retailers and distributors to this network, so that its product can be made available to every consumer.Selecor has taken a strategic decision to broaden its selection of electronic accessories and gadgets. In recent times, the company has expanded its product range to include home and kitchen appliances including washing machines, mixer grinders. The company appointed Tamannaah Bhatia as its brand ambassador for TWS and smartwatches, which was a significant move, and appointed Varun Dhawan for its smart TV range.
Mr. Ravi Agarwal, Managing Director of the company, said, “We are pleased to announce our financial results for H2-FY24 and FY24 which are remarkable in all aspects. Differentiating us from competitors, and validating the company's strategy of focusing on affordability and ensuring the easy adaptability of its product to a wide range of consumer segments.The spend we have done on our product basket has helped us a lot in gaining the momentum we need to achieve Rs 500 crore turnover, and this is the beginning of our journey in which we aim to expand our product portfolio by introducing additional TWS, wearables. To diversify the offering. , home appliances, sound bars and smart TVs across both its affordable and high-end product categories. Mr. Nikhil Agarwal, Whole Time Director, said, “The company has delivered another remarkable quarter of performance, driving strong growth momentum and securing new contracts. Additionally, your initiative to widen our distribution network has led to growth.” The sales volume enables us to offer our products to a wider customer base”.“Selecor is portraying a bright future and is diligent in taking it upwards, very soon we will introduce LFR, increase the distribution network, focus on corporate sales, introduce a new product range, enhance our current product range Will bring diversity in." he adds.
About Us: Selecor Gadgets journey into electronics devices business, and selling products in its own brand including mobile feature phones, smartwatches, TW (True Wireless Stereo) earbuds, neckbands and LED TVs – outsourced from various electronic assemblers and manufacturers, M/s Unit Communications, started in 2012, is a firm owned by its founder Mr. Ravi Agarwal.
The company is promoted and managed with a sustainable sustainable business strategy, in which the company aims to coordinate the business potential inherent in the growing demand for electronic products with a moderate business approach to sourcing, production and marketing aimed at providing quality . Products at affordable prices.
Today, Selecor Gadgets Limited is a leading name in the consumer electronics industry, known for its innovative and cutting-edge technology.With a commitment to making happiness affordable, Selecor offers a variety of products, including mobile phones, smart TVs, speakers, neckbands, TWS soundbars, smartwatches, washing machines and many more. The company's securities are listed on NSE EMERGE (SME Platform o The scrips are listed on the National Stock Exchange of India Limited) with code: CELLECOR.
for more information,
You may please visit https://cellecor.com/ Please contact Ms. Bindu Gupta,
chief Finance Officer
finance.head@selecor.in Disclaimer: Certain statements and words in this document that are not historical facts are forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties such as government actions, local political or economic developments, technological risks and many other factors, which may cause actual results to differ materially from these forward-looking statements. Selecor Gadgets Limited will not be responsible in any way for any actions taken based on such statements..