Latest news with #Vision2029
Yahoo
29-05-2025
- Business
- Yahoo
Japanese Beauty Group Pola Orbis to Dissolve Chinese Subsidiary
The Japanese beauty company Pola Orbis Holdings has decided to shut down Orbis Beijing Inc., the group's China subsidiary in charge of its Orbis brand. The company will also shut down the brand's online retail operations. Its official Tmall store and Douyin store will stop taking orders by June 30, according to Orbis' e-commerce customer service. More from WWD McKinsey Releases Annual Future of Wellness Report, Citing 6 Key Areas of Opportunity, Shifting Shopping Habits and the Different Types of Health Consumers EXCLUSIVE: Pamela Anderson Becomes Biolage's First Global Ambassador How Aora Is Making Plastic-free Clean Beauty Cool, as It Enters the United States With a New Chili-infused Volumizing Lip Serum 'With the Chinese economy stagnating and competition in the e-commerce market becoming increasingly intense, it is difficult to foresee an immediate improvement in profitability, and the group has been compelled to reduce the scale of business,' said the company in a press release. Pola Orbis has yet to determine the dissolution date and will be working with the local authority to complete the necessary legal procedures, according to the press release. As a result, the company will record an extraordinary loss of around 1.3 billion yen, or $8.9 million, in its consolidated financial statements for the fiscal year ending December 2025. The loss will be offset by a 1.6 billion yen, or $11 million, in corporate tax deduction, which leaves the company's overall earnings forecast, which was published in February, unchanged. The Beijing subsidiary, established in 2008, has been in charge of operating the Orbis brand in China. The company has suffered a loss for three consecutive years, from 2022 to 2024, leaving the company with net liabilities of 3.33 billion yen, or $22.9 million. Pola Orbis entered the Chinese market in 2004 by setting up a subsidiary for its Pola brand in Shanghai. In November, the company established a new subsidiary based in Japan to oversee its China business. The reorganization comes as the company moves toward its 'Vision 2029' strategy to 'develop the cosmetics business globally; reform and enhance the brand portfolio,' 'create new value and expand business domains,' and 'strengthen research and technical strategy,' the press release noted. The J-beauty giant is not only facing trouble in China, but it is also undergoing a reorganization process to enhance brand value. In recent years, the group axed beauty brands such as H2O+, Amplitude and Itrim to focus on its flagship brands, including Pola, Orbis, Jurlique, as well as newly developed brands such as Three, Decencia, Fujima and Fiveism x Three. For the three months ended March 31, the company reported a 1 percent increase in net sales, but profit attributable to owners fell by 58.1 percent. Best of WWD Which Celebrity Brands Are Next for a Major Deal? Lady Gaga, Beyonce and More Possible Contenders for the Next Corporate Prize The Best Makeup Looks in Golden Globes History A Look Back at Golden Globes Best Makeup on the Red Carpet, From Megan Fox to Sophia Loren [PHOTOS] Sign in to access your portfolio
Yahoo
29-05-2025
- Business
- Yahoo
Japanese Beauty Group Pola Orbis to Dissolve Chinese Subsidiary
The Japanese beauty company Pola Orbis Holdings has decided to shut down Orbis Beijing Inc., the group's China subsidiary in charge of its Orbis brand. The company will also shut down the brand's online retail operations. Its official Tmall store and Douyin store will stop taking orders by June 30, according to Orbis' e-commerce customer service. More from WWD McKinsey Releases Annual Future of Wellness Report, Citing 6 Key Areas of Opportunity, Shifting Shopping Habits and the Different Types of Health Consumers EXCLUSIVE: Pamela Anderson Becomes Biolage's First Global Ambassador How Aora Is Making Plastic-free Clean Beauty Cool, as It Enters the United States With a New Chili-infused Volumizing Lip Serum 'With the Chinese economy stagnating and competition in the e-commerce market becoming increasingly intense, it is difficult to foresee an immediate improvement in profitability, and the group has been compelled to reduce the scale of business,' said the company in a press release. Pola Orbis has yet to determine the dissolution date and will be working with the local authority to complete the necessary legal procedures, according to the press release. As a result, the company will record an extraordinary loss of around 1.3 billion yen, or $8.9 million, in its consolidated financial statements for the fiscal year ending December 2025. The loss will be offset by a 1.6 billion yen, or $11 million, in corporate tax deduction, which leaves the company's overall earnings forecast, which was published in February, unchanged. The Beijing subsidiary, established in 2008, has been in charge of operating the Orbis brand in China. The company has suffered a loss for three consecutive years, from 2022 to 2024, leaving the company with net liabilities of 3.33 billion yen, or $22.9 million. Pola Orbis entered the Chinese market in 2004 by setting up a subsidiary for its Pola brand in Shanghai. In November, the company established a new subsidiary based in Japan to oversee its China business. The reorganization comes as the company moves toward its 'Vision 2029' strategy to 'develop the cosmetics business globally; reform and enhance the brand portfolio,' 'create new value and expand business domains,' and 'strengthen research and technical strategy,' the press release noted. The J-beauty giant is not only facing trouble in China, but it is also undergoing a reorganization process to enhance brand value. In recent years, the group axed beauty brands such as H2O+, Amplitude and Itrim to focus on its flagship brands, including Pola, Orbis, Jurlique, as well as newly developed brands such as Three, Decencia, Fujima and Fiveism x Three. For the three months ended March 31, the company reported a 1 percent increase in net sales, but profit attributable to owners fell by 58.1 percent. Best of WWD Which Celebrity Brands Are Next for a Major Deal? Lady Gaga, Beyonce and More Possible Contenders for the Next Corporate Prize The Best Makeup Looks in Golden Globes History A Look Back at Golden Globes Best Makeup on the Red Carpet, From Megan Fox to Sophia Loren [PHOTOS] Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Mint
06-05-2025
- Business
- Mint
Brokerages stay bullish on this smallcap multibagger stock after Q4 beat, see 37% upside. Time to buy?
Multibagger smallcap stock in focus: Domestic brokerage firms have retained their optimistic view on Gravita India, one of the country's largest lead producers, following its March quarter performance, which exceeded their estimates. The strong results reinforced their belief that the company remains on track to achieve its 'Vision 2029' targets, supported by capacity expansion initiatives across both domestic and international markets. They also believe future growth will be driven by the company's planned entry into new geographies within India, continued focus on increasing the share of value-added products, and rising contributions from non-lead business segments. Following the company's strong Q4FY25 performance, domestic brokerage firm Axis Securities maintained its 'Buy' call on the stock but trimmed its target price to ₹ 2,600 apiece from the earlier target of ₹ 3,000, citing heightened geopolitical risks and macro uncertainties. However, the revised target still indicates a 37% upside from the stock's latest closing price. Similarly, Motilal Oswal retained its 'Buy' rating on the stock with a target price of ₹ 2,300 apiece, while Kotak Institutional Equities maintained its 'Add' rating, trimming the target price to ₹ 2,175 from ₹ 2,400, citing lower lead volumes. As a leading player in India's rapidly expanding recycling industry, Motilal Oswal said Gravita is well-positioned to deliver strong earnings growth over the medium term, supported by strategic capacity expansions across verticals and geographies, increased focus on value-added products, higher growth in new segments (like rubber), and improved domestic scrap availability driven by favorable regulatory tailwinds. Kotak noted that the company has multiple levers for volume expansion, including the implementation of an aluminum hedging contract on MCX, use of QIP proceeds for potential M&A, expansion of lead recycling capacity at Mundra by 40% to 0.1 mtpa, setting up domestic rubber and pilot Li-ion battery recycling projects, and scaling up operations in international markets such as Eastern Europe and the Americas. Axis Securities highlighted that the recent fundraise through QIP will enable Gravita to pursue both organic and inorganic growth opportunities in the evolving recycling sector. Expansion in both existing and new recycling verticals is expected to drive revenue growth, while profit growth is likely to outpace revenue growth, supported by an improving product mix and stronger operating leverage. The company reported a strong 13% YoY increase in overall volumes, driven by a 62% YoY surge in aluminum and a 12% YoY rise in lead. Value-added products contributed 46% of revenues during the quarter. Additionally, stricter BWMR and EPR regulations led to a 60% increase in domestically sourced scrap, which rose to 43%. Q4FY25 revenue came in at ₹ 1,037 crore, up 20% YoY and 4% QoQ, broadly in line with analysts' estimates of ₹ 1,042 crore. Adjusted EBITDA also met expectations at ₹ 108 crore, marking a growth of 17% YoY and 6% QoQ. EBITDA margin stood at 10.5%, slightly above the estimated 10.2%, improving by 20 basis points QoQ but declining by 29 basis points YoY. Consolidated profit after tax stood at ₹ 95 crore, registering a robust growth of 37% YoY and 21% QoQ, surpassing expectations by 4%. The shares, valued at ₹ 506 each just two years ago, have witnessed an astonishing surge of 276%, now trading at ₹ 1,906. Furthermore, from their low of ₹ 32 in May 2020, the shares have experienced an extraordinary rise of 5,856% to date. Established in 1992 in Jaipur, Gravita India specializes in the recycling of lead, aluminum, plastics, and rubber, serving both domestic and international markets. With a widespread global presence, the company boasts a strong clientele of over 375 customers across Asia, the Middle East, Europe, and the Americas, spanning 38 countries. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions. First Published: 6 May 2025, 01:27 PM IST
Business Upturn
05-05-2025
- Business
- Business Upturn
Why are Gravita share price up nearly 9% today? Explained
By Aditya Bhagchandani Published on May 5, 2025, 09:29 IST Shares of Gravita India surged 8.63% to ₹1,967.90 on Monday morning after the company reported a strong set of earnings for the quarter ended March 31, 2025. The stock gained ₹156.40 from its previous close of ₹1,811.50, with investor sentiment boosted by solid growth across all key metrics. Gravita India posted a consolidated profit after tax (PAT) of ₹95 crore in Q4FY25, marking a 37% year-on-year (YoY) increase from ₹69.4 crore in the same quarter last year. The company's revenue from operations also rose 20.1% to ₹1,037 crore, led by robust demand across its lead, aluminum, and plastic recycling segments. Earnings before interest, tax, depreciation, and amortisation (EBITDA) stood at ₹92 crore, up 27.4% YoY, with EBITDA margin improving to 8.9% from 8.4%, driven by higher volumes and a rising share of value-added products. The company also announced that it has raised ₹1,000 crore via Qualified Institutional Placement (QIP) to support its expansion and debt repayment plans. Additionally, the board declared an interim dividend of ₹6.35 per share for FY25-26, with a record date set for May 8, 2025. CEO Yogesh Malhotra said Gravita achieved record revenue, EBITDA, and PAT in FY25, and is well-positioned to realize its Vision 2029 roadmap focusing on scale, diversification, and sustainability. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
