Monday, 28 September 2026 Every NSE & BSE announcement, by company
ALFA Filings Every announcement, straight from the exchange
Earnings Call Transcript

Bajaj Electricals Earnings Call Transcript: Key Takeaways

Bajaj Electricals started FY27 with a modest 2.3% revenue growth, prioritizing margin expansion over volume.

Guidance and delivery
Management target Revenue 10.0% next 2 years
Highlights
Revenue growth2.3% YoY growth, driven by lighting and non-summer appliances.
MarginsEBITDA margins expanded to 6.6% via cost discipline and pricing.
Demand visibilityUneven summer demand; cooling products contracted while premium segments grew.
Management confidenceBalanced; focused on structural turnarounds rather than short-term spikes.

Growth

EBITDA margins improved significantly to 6.6% from 2.5% through cost discipline and premiumization.

Outlook

Management expects 8-10% revenue growth over the next two years as structural improvements take hold.

Risks

Persistent fan segment weakness and inventory accumulation in cooling categories remain key growth bottlenecks.

Last quarter's promises, checked

Delivered

  • Guided 150% dividend (INR 3/share) → Delivered INR 3/share (= BEAT)
  • Guided negative working capital → Delivered negative working capital (= BEAT)
  • Guided focus on Lighting margins → Delivered 8.5% record EBIT margin (= BEAT)

Partly delivered

  • Guided price hikes to cover inflation → Delivered partial coverage of 6-13% commodity costs (= PARTIAL)

Missed

  • Guided Fans/Coolers recovery → Delivered volume contraction/market share loss (= MISS)
Source

Earnings Call Transcript 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.

More from Bajaj Electricals Ltd

All →
15:06 IST NSE
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.