| Revenue growth | Brand revenue +65% YoY in Q2; total +22%, OEM shrinking. |
|---|---|
| Margins | Brand margin 17.7%, +470 bps YoY ex one-offs; OEM margin low single digit. |
| Demand visibility | Festive demand positive; North/East AC demand still weak; channel stocked up. |
| Management confidence | Balanced to optimistic; evasive on quantification of price hikes and ESOP targets. |
Growth
Q2 brand revenue +65% YoY versus total revenue +22%, implying OEM drag. H1 brand +48%, total +25%.
Outlook
No numeric FY27 guidance. Management is 'hopeful' on profitability and loosely references 'double digit' growth. OEM wind-down in 8-12 months.
Risks
Input cost inflation (copper, aluminium, memory chips) with West Asia unresolved. Unrecovered 200-400 bps margin hit in some categories.
Last quarter's promises, checked
Delivered
- 100-inch QD Mini-LED TV 'going to market as we speak' → launched; listed in Q2 launches (= BEAT)
Partly delivered
- Guided sustained Q1 momentum (total rev +29.5%) → Q2 total rev +22%, decelerating (= PARTIAL)
- Guided reach doubling in 6-12 mo (base ~4,000+ stores) → 57 distributors + ~120 dealers added in H1 (= PARTIAL)
Missed
- Guided ~30% further revenue rise to reach PAT contribution → Q2 total revenue +22% YoY, PAT N/A (= MISS)
Earnings Call Transcript filed with BSE, NSE: ONIDA. Summary written with AI assistance from the document.
Onida Electronics Ltd: key numbers
- Share price
- ₹26.83
- Market cap
- ₹991.5 Cr
- Revenue (annual)
- ₹660.0 Cr
- Net profit (annual)
- ₹-74.74 Cr
- P/E (TTM)
- -8.7×Sector 44.4×
- Promoter holding
- 40.50%-0.01% QoQ
- FII holding
- 0.19%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Onida Electronics Ltd
All →Onida Electronics Investor Presentation: Key Takeaways
Q2FY27 consolidated revenue Rs198.6 Cr (+22% YoY), brand revenue Rs150.4 Cr (+65%). Net loss Rs39.8 Cr, EBITDA margin -14.05%. H1 brand revenue up 48%.
Onida Electronics Employee Stock Options
Onida Electronics allotted 22,060 equity shares under its ESOP/ESPS scheme on 3 November 2026. The share count rose from 369,527,844 to 369,549,904.
Onida Electronics Management Change
Onida Electronics appointed Rajan Keshav Vaidya as Non-Executive Independent Director for 60 months, effective 14 November 2026. The appointment was approved at the 3 November 2026 board meeting.
- Execution
- 60 months (Independent Director term, effective 14-11-2026)
Onida Electronics Q2 FY27 Results: Net Loss of ₹39.8 Cr, Loss Widens
Onida Electronics Ltd reported revenue from operations of ₹198.6 Cr (+21.6% YoY) and a net loss of ₹39.8 Cr for Q2 FY27.
- Key figure
- Net loss ₹39.8 Cr
Onida Electronics Board Meeting Date
Onida Electronics schedules a 3 November 2026 board meeting for Q2 and half-year results and ESOP share allotment. Trading window stays closed until 48 hours post-results.
Onida Electronics Other Announcement
Onida Electronics Ltd has filed its quarterly shareholding pattern as mandated under Regulation 31 of SEBI Listing Regulations. This disclosure provides the current shareholding breakdown.