Event Type: Q1 FY27 Earnings Conference Call held on 07th August 2026 to discuss Un-Audited Financial Results for the quarter ended 30th June 2026.

Date and Time: The call was held on Friday, 07th August 2026, at 04:00 P.M. IST.

Purpose: To discuss the company's financial performance and business updates for Q1 FY27.

Management Participants:

  • Mr. Karan Bajaj – Chief Executive Officer
  • Mr. Premchand Devarakonda – Chief Financial Officer
  • Strategy Growth Advisors – Investor Relationship Advisors

Availability of Materials: The transcript of the earnings call, along with the results, press release, and investor presentation, were uploaded on the stock exchanges and the company's website at https://investors.electronicsmartindia.com/earning-call-transcripts-and-investorspresentation.

Financial Period Discussed: Q1 FY27 (quarter ended 30th June 2026).

Key Financial Highlights from Call:

  • Revenue from operations: INR 2,419 crores (up 39% YoY from INR 1,739 crores)
  • Gross profit: INR 417 crores (up 65% YoY)
  • Gross margin: 17.2% (vs. 14.6% in Q1 FY26)
  • EBITDA: INR 239 crores (up 118% YoY)
  • EBITDA margin: 9.9% (vs. 6.3% in Q1 FY26)
  • PAT: INR 121 crores (up 458% YoY from INR 22 crores)
  • Same-store sales growth (SSSG): 34.2%
  • Working capital days: 42 days (vs. 73 days in March 2026)
  • Working capital borrowings reduced to INR 97 crores from INR 658 crores
  • Return on capital employed (TTM): 20.1%
  • Return on equity (TTM): 11.9%

Regional Performance:

  • South cluster: 40% revenue growth, EBITDA margin of 10.9%
  • Andhra Pradesh: 62% revenue growth, SSSG of 49.1%
  • Telangana up-country: 48% revenue growth, SSSG of 40%
  • Hyderabad city: 34% revenue growth, SSSG of 32.3%
  • North cluster: 29% revenue growth, EBITDA margin of 4.9%

Store Maturity Analysis:

  • 96 stores over 4 years old (mature) operating at 11.2% EBITDA margin
  • 131 stores less than 4 years old (non-mature) operating at 8.1% EBITDA margin

Forward-Looking Statements & Guidance:

  • Revenue growth guidance of 18-20% for FY27
  • Gross margin guidance of 15-15.5% for FY27
  • Plan to enter West Bengal market:
  • 5 stores operational by Diwali (Q3 FY27)
  • 10-12 stores operational by end of Q4 FY27
  • 30 stores planned over next 24 months
  • Capex plan of INR 100 crores for store expansion and INR 50 crores for property acquisition in Kolkata
  • Expansion will be funded through internal accruals

Category Performance:

  • Large appliances: 48% of revenue (led by ACs)
  • Mobile phones: 39% of revenue

Additional Notes Section

The document contains the full transcript of the earnings conference call, including detailed Q&A with analysts from Emkay Global, Investec, Longequity Partners, Equirus Capital, Sapphire Capital, PhillipCapital, and Columbus Capital.