India · Delayed Price · Currency is INR Orient Electric Earnings Call Transcripts
Fiscal Year 2027
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Revenue grew 23.5% year-over-year with strong gains in fans, lighting, and wires, despite commodity inflation pressuring gross margins. EBITDA margin improved to 7%, and PAT rose nearly 80% year-over-year. Premiumization, innovation, and distribution expansion remain key growth drivers.
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 revenue grew 11% year-on-year, driven by premiumization, strong heating appliance sales, and robust export and e-commerce growth. Margins were pressured by commodity inflation, but price hikes and cost initiatives helped maintain EBITDA margin at 7.5%.
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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 and 15% EBITDA growth despite weather disruptions and muted seasonal demand. Premiumization, innovation, and channel expansion drove gains in lighting, switchgear, and BLDC fans, while cost control and brand 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.