Financial Performance Summary

Q2 FY27 Results (Quarter ended 30th September 2026)

  • Revenue from Operations: ₹1,900 crores, up 19% YoY
  • Gross Profit: ₹293 crores, up 31% YoY
  • Gross Profit Margin: 15.4% (up 130 bps YoY)
  • EBITDA: ₹131 crores, up 61% YoY
  • EBITDA Margin: 6.9% (up 180 bps YoY)
  • PAT: ₹40 crores, up 149% YoY
  • PAT Margin: 2.1% (up 110 bps YoY)
  • Same Store Sales Growth (SSSG): 16.5%

H1 FY27 Results (Half Year ended 30th September 2026)

  • Revenue from Operations: ₹4,319 crores, up 30% YoY
  • Gross Profit: ₹710 crores, up 49% YoY
  • Gross Profit Margin: 16.4% (up 210 bps YoY)
  • EBITDA: ₹369 crores, up 93% YoY
  • EBITDA Margin: 8.6% (up 280 bps YoY)
  • PAT: ₹161 crores, up 326% YoY
  • PAT Margin: 3.7% (up 260 bps YoY)
  • Same Store Sales Growth (SSSG): 27.5%

Regional Cluster Performance

Q2 FY27 Cluster Performance

  • South Cluster: Revenue up 16% YoY; EBITDA Margin up 220 bps to 7.4%
  • North Cluster: Revenue up 45% YoY; EBITDA Margin up 430 bps YoY to 1.6%

H1 FY27 Cluster Performance

  • South Cluster: Revenue up 28% YoY; EBITDA Margin up 320 bps to 9.3%
  • North Cluster: Revenue up 36% YoY; EBITDA Margin up 240 bps to 3.4%

Operational Metrics

  • Product Mix (Q2 FY27): Mobiles 53%; Large Appliances 33%; Small Appliances, IT & Others 14%
  • Product Mix (H1 FY27): Mobiles 45%; Large Appliances 41%; Others 14%
  • Store Network: 229 stores across 100+ cities
  • Net Store Additions: 6 stores during first half
  • Working Capital: 61 days (vs 77 days previously)
  • Pre IND-AS Operating Cash Flow: ₹304 crores

Management Commentary

Mr. Karan Bajaj, CEO of EMIL, commented on the performance:

  • H1 FY27 was robust with every key metric moving in the right direction
  • Q2 is seasonally softer for consumer durables but company delivered 19% revenue growth
  • Mobile category grew 31% driven by new smartphone launches
  • Air conditioners grew 53% even in off-season
  • Premium categories (built-in appliances, dishwashers, tablets, wearables) delivered strong double-digit growth
  • Average ticket size rose 19%, reflecting strength in premium categories
  • South market remains scaled, profitable engine with revenue up 28% in H1
  • North cluster showing similar path with revenue growth of 36% in H1
  • More than half of network under four years old, expecting continued margin improvement
  • Company on track to enter West Bengal as next growth cluster
  • Festive demand off to strong start

Company Background

Electronics Mart India Limited is one of India's largest consumer durables and electronics retailers with legacy spanning over four decades. Founded in 1980 by Mr. Pavan Kumar Bajaj in Hyderabad. Operates 229 stores across 100+ cities in Telangana, Andhra Pradesh, and National Capital Region. Offers over 8,000+ SKUs across 100+ leading domestic and international brands. Product portfolio includes large appliances, mobile phones, small appliances, IT products, and smart home/lifestyle solutions.