ALFA Finder| Management target | Revenue 10.0% next 2 years |
|---|
| Revenue growth | 2.3% YoY growth, driven by lighting and non-summer appliances. |
|---|---|
| Margins | EBITDA margins expanded to 6.6% via cost discipline and pricing. |
| Demand visibility | Uneven summer demand; cooling products contracted while premium segments grew. |
| Management confidence | Balanced; 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)
Earnings Call Transcript filed with NSE, NSE: BAJAJELEC. Summary written with AI assistance from the document.
Bajaj Electricals Ltd: key numbers
- Share price
- ₹286.80
- Market cap
- ₹3,310 Cr
- Revenue (annual)
- ₹4,462 Cr
- Net profit (annual)
- ₹-90.86 Cr
- P/E (TTM)
- -121.9×Sector 44.3×
- Promoter holding
- 62.68%-0.01% QoQ
- FII holding
- 5.36%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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