Mayur Uniquoters Ltd

- Mayur Uniquoters plans a capex of around INR 250 crores over the next 2 years primarily for setting up a new plant in Mexico to cater to the U.S. and European markets. - The company is also doing regular capex in India for machinery upgradation and capacity enhancement. - The Mexico plant decision is pending based on geopolitical considerations between the U.S. and Mexico, expected to be finalized within 3-4 months. - Production at the Mexico plant, once started, will be fully done there from scratch. - There is also potential to add a new production line in India within the next 6-9 months depending on market conditions. Overall, the focus is on expanding capacity internationally (Mexico) and modernizing/upgrading existing Indian plants to support volume growth and export demands.

- Export revenue is expected to grow significantly; export in Q2 was INR85 crores with a target to reach INR100 crores by FY25-FY26. - Management aims to achieve INR1,000 crores in overall revenue by FY26. - Export OEM segment is seeing strong growth (35-36% in export growth; 20% in automotive OEM export). - Domestic OEM volumes declined due to pricing competition but expected to stabilize, with modest increases possible. - New models, especially for BMW and Ford, are ramping up volumes, with full volume ramp-up expected by early FY25 (February-March). - PU segment currently underutilized; growth potential through new foreign brand approvals over next 6 months. - Capex planned for capacity expansion, including a potential plant in Mexico (~INR250 crores), indicating growth in capacity. - Footwear segment recovering slowly, focusing on branded exports. - Overall, volume growth anticipated but precise quantum is challenging to forecast due to OEM demand variability.

- Mayur Uniquoters expects steady revenue growth, targeting INR1,000 crores by FY26 as stated by management. - Export revenue is anticipated to grow from INR85 crores this quarter to INR100 crores next year, driven by increasing OEM export orders. - Management is optimistic about improving profitability, with consistent efforts to maintain strong bottom-line performance unique in the artificial leather industry globally. - The company sees potential margin improvements through product mix changes and cost management despite unpredictable OEM demand fluctuations. - Growth in exports, especially to the U.S. and Europe, and expansion into new models underpin future earnings. - Domestic automotive OEM segment growth is expected to be stable but modest; export OEM growth is expected to be stronger. - Capex plans include capacity expansion and a potential plant in Mexico to support future growth. - Overall, the company projects regular growth in profitability with an emphasis on maintaining bottom-line strength.

- The company has received several good orders for OEM supplies to new models in export markets, particularly in the U.S. and European regions. - Supply to some new models has already started, with additional models expected to start in coming quarters. - OEM export sales are expected to increase further this year and over the next two years. - Specifically, the BMW order has started with small quantities; full-fledged supply is expected from around February or March 2025, with volumes increasing monthly. - Vinod Sharma and Suresh Poddar indicated optimism about reaching INR100 crores in exports by FY25-FY26. - There is an expectation to achieve INR1,000 crores in revenue by FY26. - The management did not disclose exact orderbook or pending order numbers but emphasized ongoing positive momentum and growth in new export orders.

- The transcript does not specifically mention any current or planned fundraising through debt or equity. - There is a discussion about capex plans, including potential investment of around INR250 crores for setting up a plant in Mexico/USA and regular capex in India for capacity enhancement and machinery upgradation. - Management indicates that it is "not the right time" to disclose exact capex amounts, suggesting that fundraising decisions or details have not been finalized or disclosed yet. - No direct commentary on raising funds via debt or equity was provided during the call.