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Earnings Call

Bajaj Electricals Earnings Call: Key Takeaways

Bajaj Electricals Q4FY26 saw mixed results with Lighting Solutions delivering strong performance (EBIT +28%), while Consumer Products faced headwinds from a delayed summer and inventory correction.

Why this was an Alfa AlertNot a filter event. Performance was described as modest and in-line with structural adjustments; no significant guidance beat reported.
Highlights
Revenue growthLighting up 16% Q4; Kitchen appliances ~30% growth.
MarginsLighting EBIT margin at record 8.5%; Consumer Products vertical reported Q4 loss.
Order bookGood traction in recent orders for Lighting and new Wires category.
Demand visibilityMixed bag; North saw delayed summer, South had good traction.
Management confidenceConfident in long-term profitable growth despite near-term macro headwinds.

Growth

Lighting Solutions revenue grew 16% in Q4; annual turnover up 9.5%. Kitchen appliances delivered double-digit growth.

Outlook

Final dividend of ₹3 per share. Capex to halve for next 2 years. Target to bridge BLDC fan gap.

Risks

Geopolitical uncertainties, supply chain disruptions, input cost pressures, and a milder start to the summer season.

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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