• Q1 Financial Performance: Revenue grew by over 41%, EBITDA rose by 50%, and profit jumped by more than 63% during the quarter. Management expects strong demand momentum across channels and categories to continue into the festive season.
• General Trade Expansion: General trade sales increased by 56%, marking the channel's strongest performance in three years. The company is actively resolving channel conflict to ensure offline channels and retail stores continue outpacing industry growth.
• Induction Cooktop Momentum: Following a sharp initial surge in Q1, induction cooktop sales remain strong due to broader electrification and shifting consumer habits toward electric cooking. Management intends to maintain its market leadership in the expanding category.
• Product Category Opportunities: Strongest growth and market share potential are anticipated in small appliances and stainless steel pressure cookers. While legacy competitors remain larger by value, the company reports holding higher volume market share in the pressure cooker category.