ADVERTISEMENT
'Buy' Cello Shares Maintains Motilal Oswal, Sees 15% Upside Potential — Here's Why
Motilal Oswal reiterates Buy on Cello World with a target price of Rs 700.
23 Oct 2025, 10:14 AM IST 
Save
Cello’s 20,000 MT Falna glassware facility, commissioned in Feb’25, has reached ~65% utilization in Q1 and is likely to hit 80% by the end of FY26. (Photo Source: Company website)
Cello has been witnessing muted performance for the last few quarters due to a weak demand scenario amid a consumption slowdown. Further, the geopolitical stress has been affecting exports of writing instruments, and a new glassware facility at Falna (Rajasthan) has incurred higher initial costs that hit Cello’s profitability. However, with consumption gradually picking up both for consumerware and writing instrument businesses and i...
