Q2 FY27 Financial Performance (Consolidated)

  • Revenue from Operations: ₹584.7 crores, up 23.2% YoY
  • Gross Profit: ₹231.7 crores, up 26.8% YoY; Gross Profit Margin: 39.6% (vs 38.5% in Q2 FY26)
  • EBITDA: ₹75.3 crores, up 32.7% YoY; EBITDA Margin: 12.9% (vs 12.0% in Q2 FY26)
  • Profit After Tax (PAT): ₹29.0 crores, up 35.7% YoY
  • EBIT: ₹48.1 crores, up 44.2% YoY
  • Finance Costs: ₹9.6 crores
  • Total Tax Expense: ₹9.5 crores

H1 FY27 Financial Performance (Consolidated)

  • Revenue from Operations: ₹1,065.2 crores, up 30.8% YoY
  • Gross Profit: ₹422.1 crores, up 34.8% YoY; Gross Profit Margin: 39.6% (vs 38.4% in H1 FY26)
  • EBITDA: ₹129.1 crores, up 39.7% YoY; EBITDA Margin: 12.1% (vs 11.3% in H1 FY26)
  • Profit After Tax (PAT): ₹46.0 crores, up 44.8% YoY
  • EBIT: ₹78.1 crores, up 44.9% YoY
  • Finance Costs: ₹17.2 crores
  • Total Tax Expense: ₹14.9 crores

Product Category Performance (Q2 FY27 YoY Growth)

  • Induction Cooktops: 108.0% growth
  • Cooker: 46.8% growth
  • Small Appliance: 9.1% growth
  • Non-stick Cookware: -1.6% growth
  • Gas Cooktops: -6.4% growth

Revenue Breakup by Brand (Q2 FY27)

  • Pigeon: ₹533.8 crores (21.0% CAGR from Q2 FY24)
  • OEM: ₹46.3 crores
  • Others: ₹4.5 crores (-2.3% CAGR from Q2 FY24)

Channel-Wise Performance (Q2 FY27)

  • General Trade: 31.8% contribution (₹185.8 crores, up 48.9% YoY)
  • E-commerce: 38.2% contribution (₹223.4 crores, up 16.1% YoY)
  • Modern Retail: 12.4% contribution (₹72.3 crores, up 11.9% YoY)
  • Own Retail: 7.2% contribution (₹42.3 crores, up 57.1% YoY)
  • Export: 8.1% contribution (₹47.3 crores, down 10.3% YoY)
  • Corporate Sales (Institutional): 2.3% contribution (₹13.6 crores, up 3.3% YoY)

Channel-Wise Performance (H1 FY27)

  • General Trade: 30.4% contribution (₹323.7 crores, up 52.2% YoY)
  • E-commerce: 35.3% contribution (₹376.1 crores, up 24.2% YoY)
  • Modern Retail: 12.6% contribution (₹134.6 crores, up 27.3% YoY)
  • Own Retail: 7.9% contribution (₹83.8 crores, up 70.3% YoY)
  • Export: 11.3% contribution (₹120.5 crores, down 1.0% YoY)
  • Corporate Sales (Institutional): 2.5% contribution (₹26.4 crores, up 16.2% YoY)

Retail Expansion Updates

  • Pigeon: Expanded into 9 new cities in Q2 FY27
  • GILMA: Re-launched premium brand in southern markets
  • Total Stores: 360 stores across 22 states and 172 cities in India
  • Q2 Store Additions: 16 new stores added (199 under franchisee model)
  • Customer Metrics: 322,119 units sold; 141,308 customers added; 15% repeat purchase rate
  • Average Store Sales: ₹4.47 lakh per store per month

Financial Position (Consolidated Balance Sheet as of 30-Sep-26)

  • Total Assets: ₹1,524.9 crores (vs ₹1,174.2 crores as of 31-Mar-26)
  • Property, Plant and Equipment: ₹539.6 crores
  • Capital Work-in-Progress: ₹31.8 crores
  • Inventories: ₹556.8 crores (vs ₹360.0 crores as of 31-Mar-26)
  • Trade Receivables: ₹165.5 crores (vs ₹115.0 crores as of 31-Mar-26)
  • Cash and Cash Equivalents: ₹0.6 crores (vs ₹22.0 crores as of 31-Mar-26)
  • Bank Balances: ₹11.9 crores

Cash Flow Statement (H1 FY27)

  • Cash from Operating Activities: ₹25.4 crores
  • Cash from Investing Activities: -₹86.2 crores
  • Cash from Financing Activities: ₹39.6 crores
  • Net Change in Cash: -₹21.3 crores
  • Opening Cash Balance: ₹22.0 crores
  • Closing Cash Balance: ₹0.6 crores

Marketing and Campaign Initiatives

  • Launched Onam Combotsavam festival campaign in southern markets
  • Conducted high-impact product launch campaigns for GILMA brand in English, Kannada, and Telugu
  • Offered 'Double Happiness Combo' with 55% discount on chimney and hob purchases with No Cost EMI
  • Digital marketing campaigns on Google and Meta platforms generating 7.8M impressions and 599K clicks
  • Created 16 films in three languages for market-specific campaigns

Management Team

  • Mr. Rajendra Gandhi: Managing Director, founder with over 22 years experience
  • Mrs. Neha Gandhi: Executive Director, founder with over 22 years experience
  • Mr. Subhadeep Pal: Chief Financial Officer, qualified Chartered Accountant with 23 years experience
  • Board of Directors: Includes Mrs. Sunita Gandhi, Ms. Shubha Rao Mayya, Mr. Avinash Gupta, Mr. Anup S Shah, and Mr. Chandru Kalro

Historical Financial Performance

  • FY26 Revenue: ₹1,607.4 crores
  • FY25 Revenue: ₹1,449.8 crores
  • FY24 Revenue: ₹1,364.3 crores
  • FY23 Revenue: ₹1,283.8 crores
  • FY26 PAT: ₹42.0 crores
  • FY25 PAT: ₹38.5 crores
  • FY24 PAT: ₹34.1 crores
  • FY23 PAT: ₹35.8 crores

Manufacturing and Operations

  • State-of-the-art manufacturing facilities with high backward integration
  • Manufacturing process not dependent on third-party suppliers and OEMs
  • Multi-brand approach capturing entire value chain from value to premium segments

Safe Harbor Statement

Presentation contains forward-looking statements subject to risks and uncertainties including ability to implement strategy, growth plans, regulatory changes, technological changes, investment income, and cash flow projections.