Symphony Limited conducted its Q1 FY27 earnings conference call on August 04, 2026, moderated by Investec Capital Services. The call featured management participants including Mr. Achal Bakeri (Chairman and Managing Director), Mr. Nrupesh Shah (Managing Director - Corporate Affairs), and Mr. Rajesh Mishra (Chief Growth Officer).

The purpose of the call was to discuss the company's financial performance for the first quarter ended June 30, 2026. The transcript was submitted to the exchanges on August 11, 2026, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is available on the company's website at www.symphonylimited.com/quarterly-results.

Financial Performance Highlights:

  • Consolidated revenue stood at ₹378 crore, up 8% YoY
  • Consolidated EBITDA was ₹48 crore, up 26% YoY from ₹38 crore
  • Consolidated PAT was ₹40 crore, down from ₹42 crore YoY
  • After adjusting for one-time items: EBITDA was ₹53 crore (vs ₹38 crore) and PAT was ₹43 crore (vs ₹35 crore), up 23% YoY
  • Gross margin improved marginally to 49.8%
  • EBITDA margin was 12.6%
  • Standalone revenue was ₹241 crore (vs ₹229 crore YoY)
  • Standalone EBITDA was ₹30 crore (vs ₹24 crore YoY)
  • Standalone PAT was ₹28 crore (vs ₹37 crore YoY)
  • After adjusting for one-time items: Standalone PAT was ₹28 crore (vs ₹24 crore YoY)

Subsidiary Performance (Q1 FY26):

  • Bonaire USA: Revenue ₹36 crore (vs ₹27 crore), EBITDA ₹18 crore (vs ₹7 crore), PAT ₹17 crore
  • IMPCO Mexico: Revenue ₹54 crore (vs ₹66 crore), EBITDA ₹3 crore (vs ₹7 crore), PAT ₹1 crore
  • GSK China: Revenue ₹34 crore (vs ₹24 crore), EBITDA ₹6 crore (vs ₹2 crore), PAT ₹5 crore
  • CTPL Australia: Revenue ₹27 crore (vs ₹31 crore), EBITDA negative ₹4 crore (vs negative ₹2 crore), PAT ₹36 crore (including one-time gain of ₹42 crore)

Operational Highlights:

  • Domestic India revenue grew 15% YoY
  • Modern trade channels grew over 100% YoY
  • No inventory overhang at trade or company level as of June 30, 2026
  • BISP (Beyond India Summer Products) contributed ₹560 crore (48%) to consolidated TTM revenue
  • BISP contributed ₹179 crore (23%) to standalone TTM revenue
  • Company declared interim dividend of ₹1 per share (face value ₹2), total payout ₹7 crore
  • Standalone treasury stood at ₹345 crore (vs ₹363 crore YoY) after repaying ₹225 crore to Australia
  • Standalone ROCE at 164%, return on net worth at 22%
  • Consolidated ROCE at 67%, return on net worth at 18%

Management Commentary:

  • Short-term margin pressure expected due to elevated raw material costs from geopolitical events
  • Partial price hikes of 7-10% implemented in non-household cooler segments
  • Household cooler segment prices unchanged as of Q1
  • US market growth driven by Air Force model sales through Home Depot and Lowe's
  • Australia strategy focused on no additional capital allocation
  • Export demand muted due to shipping cost increases and buyer caution

Additional Notes Section

The document is a transcript of the earnings conference call submitted as a regulatory filing. No unpublished price sensitive information was shared during the call. The transcript includes the complete Q&A session with analysts covering topics such as channel strategy, geographic performance, cost outlook, and product segmentation.