Cellecor Gadgets Announces Partnerships With India’s Leading Logistics Providers

To improve its supply chain activities, NSE-listed microcap business Cellecor Gadgets announced collaborations with TCI Express Limited, DTDC Express Limited, OM Logistics Limited, and Express Roadways Private Limited on Monday. These partnerships represent a significant milestone in Cellecor's efforts to optimise its supply chain and guarantee the smooth delivery of its extensive product portfolio to clients throughout the country. The collaborations provide cutting-edge logistics solutions that guarantee better delivery schedules, better inventory control, and enhanced operational effectiveness, resulting in a smooth and effective supply chain for Cellecor.

"These partnerships align with Cellecor's vision of becoming a household name in India by delivering cutting-edge, reliable, and high-quality products to its customers. By leveraging the infrastructure and expertise of these leading logistics providers, Cellecor aims to expand its reach to underserved markets, reduce delivery times, and enhance customer satisfaction. This collaboration not only reinforces Cellecor's supply chain capabilities but also positions the brand for continued growth and success in the competitive consumer electronics market," said the company in a stock exchange filing.

TCI Express Limited offers its vast network of more than 40,000 pickup and delivery sites, 28 cutting-edge sorting facilities, GPS-enabled vehicles, and more than 3,500 skilled employees as part of this partnership.

Cellecor intends to reach underserved regions, shorten delivery times, and improve customer happiness by utilising the infrastructure and experience of these top logistics companies. In addition to strengthening Cellecor's supply chain skills, this partnership sets up the company for future expansion and profitability in the cutthroat consumer electronics industry.

For the first half of FY25, Cellecor Gadgets reported a 103% growth in net revenue, or Rs 425.71 crore. Net profit increased by an astounding 108.3% to Rs 14.62 crores, while profit before tax (PBT) increased by an amazing 106% to Rs 19.67 crores from 270%. In order to solidify the promising potential for growth, the firm recorded net sales of Rs 500.45 crores, PBT of Rs 20.71 crores, and net profit of Rs 16.09 crores for the year FY24.

On Monday, the shares of Cellecor Gadgets ended 1.33% lower at Rs 55.85 on the NSE with a market cap of Rs 1,215.73 Cr. The stock marked a 52-week-high of Rs 71.80 on (16-Oct-2024) and a 52-week-low of Rs 15.04 on (14-Mar-2024).