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 disruptions. Premiumization, innovation, and diversification drove gains across segments, with strong export and e-commerce growth. Focus remains on margin protection and scaling growth engines.
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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.