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Earnings Call

Bajaj Electricals Earnings Call: Key Takeaways

Bajaj Electricals delivered a modest Q4 performance, with strong lighting growth offset by a weak consumer products segment and seasonal demand disruption.

Highlights
Revenue growthLighting grew 28% YoY; Consumer Products faced significant seasonal headwinds.
MarginsLighting at record 8.5% EBIT; Consumer margins hit by deleverage.
Demand visibilityMixed visibility due to unseasonal rains and geopolitical uncertainties.
Management confidenceBalanced, acknowledging segment misses while highlighting structural changes.

Growth

Lighting Solutions revenue grew 28% YoY with 8.5% EBIT margins; Consumer Products struggled with seasonal headwinds and supply disruptions.

Outlook

Targeting 6-9% industry-average margins and reduced capex over the next 24 months, focusing on BLDC fan recovery.

Risks

Conflict-driven inflation, cooling product demand volatility, and market share losses in the BLDC fan segment pose immediate threats.

Source

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

Read the document ↗

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.