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Earnings Call

Bajaj Electricals Earnings Call: Key Takeaways

Bajaj Electricals reported Q4 FY26 revenue of ₹1,240 Cr, down 2.1% YoY. Lighting Solutions grew 15.6% while Consumer Products declined 6.9%. PAT swung to a ₹68 Cr loss due to ₹59 Cr in exceptional impairments.

Highlights
Revenue growthFY26 Revenue: ₹4,462 Cr (-7.6% YoY)
MarginsLighting EBIT margin increased 90 bps YoY to 8.7%.
Order bookSteady order book in Professional Lighting segment.
Demand visibilityStrong growth in Kitchen appliances; de-growth in summer products.
Management confidenceFocusing on cost optimization and variable cost structures.

Growth

FY26 revenue down 7.6% to ₹4,462 Cr. Lighting Solutions FY26 revenue grew 9.5% to ₹1,120 Cr.

Outlook

Positive cash flow from operations at ₹619 Cr; acquired Morphy Richards brand; focusing on cost optimization and variable costs.

Risks

Consumer Products de-growth due to high summer product inventory; ₹55 Cr impairment charges on goodwill and moulds.

Source

Earnings Call filed with NSE, NSE: BAJAJELEC. Summary written with AI assistance from the document.

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Bajaj Electricals Ltd: key numbers

Share price
₹318.95
Market cap
₹3,681 Cr
Revenue (annual)
₹4,462 Cr
Net profit (annual)
₹-90.86 Cr
P/E (TTM)
-84.8×Sector 45.9×
Promoter holding
62.69%+0.00% QoQ
FII holding
5.37%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Employee Stock Options

Bajaj Electricals Employee Stock Options

Bajaj Electricals Limited allotted 30,867 equity shares to 65 employees under its Performance Stock Option Plan - 2023. The shares were issued at an exercise price of Rs. 2.00.