FB Industries Ltd. is currently operating in two segments, manufacturing of fine blank components and manufacturing and marketing of consumer durable goods. IFB manufactures fine blanking components for two-wheelers, four-wheelers, heavy vehicles and electricals OEMs, with an established brand presence and diversified product portfolio of front load washing machines, top-load washing machines, dryers, ACs, microwave ovens, dishwashers, modular kitchen, and chimneys.
IFB has its manufacturing facilities for fine blanking division in Kolkata and Bengaluru and for consumer appliances in Goa and Bengaluru.
The company has diversified revenue profile having a presence in fine blanking division and household appliances contributing around 18% and 82%. The company has adequate product diversity, led by the segmental contribution of around 52% from front load washing machine, 18% from top load washing machines, 13% from microwave ovens, 11% for ACs and remaining 6% from other product categories.
The new AC manufacturing plant in Goa, which was commissioned in Q4 FY20, has ramped up production. IFB is in final stages of concluding its OEM tie-ups and expects to run the plant at 100% capacity utilization during the upcoming peak summer season of January-June 2021 by manufacturing 50,000 units per month.
IFB’s key focus is on scaling up the AC business and reducing material costs & fixed overheads to improve margins.
IFB has its manufacturing facilities for fine blanking division in Kolkata and Bengaluru and for consumer appliances in Goa and Bengaluru.
The company has diversified revenue profile having a presence in fine blanking division and household appliances contributing around 18% and 82%. The company has adequate product diversity, led by the segmental contribution of around 52% from front load washing machine, 18% from top load washing machines, 13% from microwave ovens, 11% for ACs and remaining 6% from other product categories.
The new AC manufacturing plant in Goa, which was commissioned in Q4 FY20, has ramped up production. IFB is in final stages of concluding its OEM tie-ups and expects to run the plant at 100% capacity utilization during the upcoming peak summer season of January-June 2021 by manufacturing 50,000 units per month.
IFB’s key focus is on scaling up the AC business and reducing material costs & fixed overheads to improve margins.