Consumer Electronics Company Joins Hands with Zomato to Empower Delivery Partners with Smart Wearables and Audio Gadgets
The stock is up over 40 per cent from its 52-week low of Rs 26.80 per share and has given multibagger returns of over 270 per cent since its listing on NSE in September 2023.
On Friday, shares of Cellecor Gadgets Limited gained 3.2 per cent to Rs 37.60 per share from its previous closing of Rs 36.45 per share. The stock’s 52-week high is Rs 81.50 per share and its 52-week low is Rs 26.80 per share.
Cellecor Gadgets Limited, a rapidly expanding Indian consumer electronics brand, has announced a strategic partnership with Zomato, India's leading food ordering and delivery platform. This collaboration aims to provide Zomato's extensive network of delivery partners with direct access to affordable smartwatches, neckbands, TWS audio gadgets, mobile accessories, and even small home appliances through the Zomato delivery partner app. Kicking off this initiative, Cellecor will supply 10,000 units of its smart gadgets, renowned for their long battery life, smart functionalities, and durable build, perfectly suited for the demanding "always-on" nature of gig economy work. This move aligns with Zomato's commitment to supporting its 444,000 monthly active delivery partners, expanding beyond existing offerings of everyday essentials like protective gear to now include crucial tech tools.
The entire collaboration, from brand onboarding to procurement, logistics, and partner access, is being seamlessly managed by Orbis Nova, Zomato’s official third-party operations partner for the delivery partner app. This ensures efficient last-mile reach for Cellecor's products. For Cellecor, this partnership signifies a new chapter in its institutional and B2B expansion strategy, reinforcing its vision to make smart technology accessible to "real Bharat" and every mobile Indian. By providing high-quality, dependable, and locally manufactured products at affordable prices, Cellecor, as a proud "Made in India" brand, is empowering the hardworking delivery partners while solidifying its position in the market through impactful large-scale integrations.
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About the Company
Cellecor Gadgets Limited began its journey in 2012 as M/s Unity Communications, a proprietorship firm founded by Mr. Ravi Agarwal, focusing on selling electronics under its brand. The company has since grown into a prominent name in the consumer electronics industry, known for its commitment to providing affordable, quality products. Cellecor achieves this through a sustainable business strategy that synergises, combining electronic product demand with a modern approach to sourcing, production, and marketing. Today, their diverse product range includes mobile phones, smart TVs, various audio devices, smartwatches, and home appliances.
Results: According to half-yearly results, the net sales increased by 106 per cent to Rs 600.23 crore, Profit before tax (PBT) increased by 79 per cent to Rs 21.76 crore and net profit increased by 79 per cent to Rs 16.28 crore in H2FY25 compared to H2FY24. In its annual results, the net sales increased by 105 per cent to Rs 1,025.95 crore, Profit before tax (PBT) increased by 91 per cent to Rs 41.43 crore and net profit increased by 92 per cent to Rs 30.90 crore in FY25 compared to FY24.
The company's shares have an ROE of 25 per cent and an ROCE of 24 per cent. As of March 2025, the promoters own 49.64 per cent of the company, FIIs own 3.27 per cent, DIIs own 0.28 per cent and the public owns 46.81 per cent. The stock is up over 40 per cent from its 52-week low of Rs 26.80 per share and has given multibagger returns of over 270 per cent since its listing on NSE in September 2023.
Disclaimer: The article is for informational purposes only and not investment advice.