Financial Performance Summary

Symphony Limited reported its Q1 FY27 financial results, showing growth in revenue and EBITDA but a decline in PAT due to one-off items and base effects.

Consolidated Performance (₹ crore)

| Particulars | Q1 FY26 | Q1 FY27 | YoY Change |

| Revenue from Operations | 350 | 378 | +8% |

| EBITDA | 38 | 48 | +26% |

| EBITDA Margin (%) | 10.7% | 12.6% | +1.9% |

| PAT | 42 | 40 | -5% |

Standalone Performance (₹ crore)

| Particulars | Q1 FY26 | Q1 FY27 | YoY Change |

| Revenue from Operations | 229 | 241 | +5% |

| EBITDA | 24 | 30 | +25% |

| EBITDA Margin (%) | 10.3% | 12.3% | +2.0% |

| PAT | 37 | 28 | -24% |

Dividend Declaration

The Board of Directors approved the first interim dividend of ₹1 per share (face value: ₹2) for FY 2026–27. This translates into a total payout of approximately ₹6.87 crore.

Management Commentary

Mr. Nrupesh Shah, Managing Director (Corporate Affairs), commented that the company reported its second-highest June quarter consolidated revenue and EBITDA. He attributed this performance to resilient domestic demand, disciplined execution, and continued progress on strategic diversification across businesses and geographies.

Segment-wise Performance Breakdown

Consolidated Business Segments:
  • Beyond India Summer Products (BISP) delivered ₹560 crore in trailing twelve-month revenue, contributing 48% to total revenue and reinforcing strategic diversification from the Indian summer.
  • Bonaire USA recorded 35% revenue growth, driven by successful scale-up of new air cooler SKUs.
  • GSK China delivered 43% revenue growth, with operating leverage supporting profitability.
  • IMPCO Mexico revenue declined by 18%, impacted by a muted summer.
  • CTPL Australia revenue softened by 11%.
Standalone Performance Drivers:
  • India revenue grew 15%, supported by volume growth
  • Modern trade channel more than doubled
  • Digital channels, including D2C, remained highly profitable
  • Trade and company inventory fully normalized with no season-end inventory overhang
  • BISP trailing twelve-month revenue stood at ₹179 crore, contributing 23% and reducing dependence on the Indian summer
  • Exports declined due to lower subsidiary and third-party sales, compounded by geopolitical and shipping disruptions
  • Gross margin and EBITDA margin remained resilient despite massive cost increases, supported by pre-season stocking, favorable product mix and cost discipline

One-off Items Impacting Profitability

Profitability was impacted by several one-off items:

  • ₹5 crore one-off non-cash expenses in Q1 FY27
  • ₹9 crore higher other income in Q1 FY26, comprising:
  • ₹3.6 crore treasury income
  • ₹2.9 crore forex gain
  • ₹2.4 crore one-off income

For standalone operations, the YoY comparison was impacted by ₹16.9 crore higher other income in Q1 FY26, comprising:

  • ₹4.7 crore forex gain
  • ₹3.6 crore treasury income
  • ₹8.5 crore one-off income

Company Background

Symphony Limited is an Indian Multi-National Company with presence in over 60 countries and is the world's leading air cooler company. Founded in 1988 in Gujarat, India, the company established a new category of evaporative air-cooling in India and has expanded globally. The company focuses on research and development, engineering technology, and delivers market-leading products with design innovation, energy efficiency, distinctive styling, and customer-centricity.