Key Financial Performance - Q1 FY27

Revenue and Profitability

  • Total Revenue: ₹2,419.0 Crore (39% YoY growth from ₹1,739.4 Crore in Q1 FY26)
  • Gross Profit: ₹417.2 Crore (65% YoY growth from ₹253.3 Crore)
  • Gross Margin: 17.2% (improved from 14.6% YoY)
  • EBITDA: ₹238.9 Crore (118% YoY growth from ₹109.7 Crore)
  • EBITDA Margin: 9.9% (improved from 6.3% YoY)
  • Profit Before Tax: ₹162.1 Crore (461% YoY growth from ₹28.9 Crore)
  • Profit After Tax: ₹120.6 Crore (458% YoY growth from ₹21.6 Crore)
  • PAT Margin: 5.0% (improved from 1.2% YoY)
  • EPS: ₹3.14 (up from ₹0.56 YoY)

Ind-AS 116 Impact Analysis

The presentation provides both reported figures and pre-Ind-AS 116 adjusted figures:

  • Pre-Ind-AS 116 EBITDA: ₹199.7 Crore (vs reported ₹238.9 Crore)
  • Pre-Ind-AS 116 EBITDA Margin: 8.3% (vs reported 9.9%)
  • Rent Expense Impact: ₹39.3 Crore added back to reported figures
  • Depreciation Impact: ₹26.4 Crore added back to reported figures
  • Finance Cost Impact: ₹25.1 Crore added back to reported figures

Operational Highlights

Store Network Expansion

  • Total Store Count: 227 as of Q1 FY27 (increased from 223 at FY26 end)
  • MBOs Total: 220 stores
  • Bajaj Electronics/Electronics Mart: 208 stores
  • Kitchen Stories: 5 stores
  • Audio & Beyond: 3 stores
  • Easy Kitchen: 3 stores
  • Charcoal Project: 1 store
  • EBOs: 7 stores

Historical Store Growth

| Fiscal Year | Store Count |

| FY20 | 71 |

| FY21 | 93 |

| FY22 | 103 |

| FY23 | 127 |

| FY24 | 160 |

| FY25 | 200 |

| FY26 | 223 |

| Q1 FY27 | 227 |

Key Strategic Initiatives

1. Cashflow Generation Through Inventory Optimization: Strengthening cash flows by optimizing working capital, leveraging data analytics for demand forecasting, and technology-driven replenishment

2. Strengthening Presence: Expanding into newer clusters like Western UP while consolidating presence in NCR

3. Operating Leverage: Expecting improved profitability as stores mature and unlock higher throughput

4. Brand Partnerships: Positioned as trusted partner for leading consumer electronics and appliance brands

5. Differentiated In-store Experience: Offering live demos, brand-led events, and consultative sales approach

Historical Financial Performance (Annual)

| Metric (₹ Crore) | FY26 | FY25 | FY24 | FY23 | FY22 |

| Revenue | 7,183.3 | 6,731.3 | 6,285.4 | 5,445.7 | 4,349.3 |

| Gross Profit | 1,037.1 | 997.5 | 914.7 | 740.7 | 593.9 |

| Gross Margin | 14.4% | 14.8% | 14.6% | 13.6% | 13.7% |

| EBITDA | 438.2 | 451.1 | 449.5 | 336.1 | 291.9 |

| PAT | 107.1 | 160.5 | 183.9 | 122.8 | 103.9 |

| EPS (₹) | 2.78 | 4.17 | 4.78 | 3.63 | 3.46 |

Balance Sheet Position (as of Mar-26)

  • Total Assets: ₹3,797.1 Crore
  • Total Equity: ₹1,626.1 Crore
  • Share Capital: ₹384.7 Crore
  • Reserves & Surplus: ₹1,241.4 Crore
  • Non-Current Liabilities: ₹1,249.2 Crore
  • Current Liabilities: ₹921.8 Crore
  • Inventories: ₹1,240.7 Crore
  • Cash & Cash Equivalents: ₹49.7 Crore

Cash Flow Performance (FY26)

  • Net Cash from Operating Activities: ₹443.7 Crore
  • Net Cash from Investing Activities: -₹125.4 Crore
  • Net Cash from Financing Activities: -₹299.1 Crore
  • Net Decrease in Cash: ₹19.2 Crore

Event Details

  • Presentation Date: 07th August 2026
  • Time: 04:00 P.M. IST
  • Presentation also available on company website

Investor Relations Contacts

  • Mr. Vishal Pundir, VP - Strategy: vishal.pundir@bajajelectronics.in, 040 2323 0244
  • Strategic Growth Advisors (SGA): Mr. Deven Dhruva/Mr. Ronak Jain, deven.dhruva@sgapl.net/ronak.jain@sgapl.net