India · Delayed Price · Currency is INR Orient Electric Earnings Call Transcripts
Fiscal Year 2026
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Q4 FY26 saw 10% revenue growth and improved EBITDA margin despite inflation and supply challenges, driven by premiumization, innovation, and strong performance in lighting, ECD, and exports. Outlook remains positive with continued focus on cost discipline and premium product expansion.
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Q3 FY26 delivered 11% revenue growth, led by strong performance in appliances, premium fans, and exports, despite margin pressures from commodity costs. Premiumization and digital expansion remain key, with double-digit margin targets contingent on commodity trends.
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Q2 FY26 revenue grew 6.4% year-over-year, led by strong lighting and switchgear growth, while gross margin was 31.5%. Premiumization and e-commerce drove performance, and market share in fans increased by 60 bps. Double-digit EBITDA margin guidance is maintained.
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Q1 FY26 delivered 2% revenue growth despite weather disruptions, with stable gross margins and a 15% rise in EBITDA. Premiumization, innovation, and channel expansion drove gains in lighting and fans, while cost initiatives and digital investments supported margin expansion.
Fiscal Year 2025
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Q4 and FY25 delivered strong revenue and margin growth, led by premiumization, innovation, and expansion in lighting, BLDC fans, and DTM states. Gross margin improved to 31.4%, EBITDA margin to 7.8%, and PAT rose 125% year-on-year in Q4.
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Q3 FY25 delivered record revenue and margin improvements, driven by premiumization, new product launches, and strong growth in lighting, switchgear, and fans. Cost optimization and direct-to-market expansion supported gains, with a positive outlook for Q4 and ambitions for higher margins.
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Q2 FY25 revenue grew 16.5% year-over-year to INR 660 crores, with strong gains in lighting, appliances, and fans. Gross margin expanded 240 bps to 32.4%, and EBITDA margin improved to 5.6%. Premiumization, cost savings, and new plant commissioning support a positive outlook.
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Revenue grew 7% YoY to INR 755 crores in Q1 FY25, with gross margin up 249 bps to 33.1%. DTM states and e-commerce channels drove strong growth in fans, while lighting and switchgears rose 10.2%. EBITDA margin declined, but strategic investments and new plant are expected to support future margin improvement.