Bajaj Electricals Ltd (BOM:500031)

Q2 2026 Bajaj Electricals Ltd Earnings Call Transcript

Oct 31, 2025 / 10:30 AM GMT

Release Date Price: ₹513.25 (-2.87%)

Transcript

Key Points

Positve

Bajaj Electricals Ltd (BOM:500031) reported a 9.6% revenue growth in its lighting solutions vertical, with a strong EBIT margin of 7.9%.
Non-seasonal products like mixers, irons, and water heaters experienced double-digit growth, showcasing the company's strength in these categories.
The company has successfully launched new switch gears, receiving positive feedback from channel partners, indicating strong brand strength.
Bajaj Electricals Ltd (BOM:500031) has improved its gross margins by 200 basis points, indicating better cost management and pricing strategies.
The acquisition of the Morphy Richards brand is expected to align with the company's dual-brand strategy, potentially enhancing future growth prospects.

Negative

The early onset of monsoons and high channel inventory have subdued demand for seasonal products like fans and air coolers, impacting sales.
There is pressure on primary sales due to high channel inventory, affecting the company's ability to push products to distributors.
The anticipation of GST rate cuts has led to pricing uncertainties across trade channels, resulting in temporary postponement of demand.
The consumer products vertical experienced a 4% decline in revenues, with certain categories underperforming due to market conditions.
The company faces challenges in maintaining market share in certain categories, with some segments experiencing flat or marginal changes.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BJEL.NS - Bajaj Electricals Ltd
Q2 2026 Bajaj Electricals Ltd Earnings Call
Oct 31, 2025 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Lady and gentlemen, good and welcome to Baja Electricals Limited with you FY26 earnings con hosted by Amber Capital Private as a reminder all about the the listen-only mode.

I never will be an opportunity for you to ask questions after the presentation concludes.

Should he need assistance during the conference call.

Please signal an operator by pressing 100 on a touchstone phone.

Please note that the Wisconsin is being recorded.

I now had the conference over to Mr. Drovean from Amber Capital Private Limited.

Thank you and over to you, sir.

Welcome to the Q2 tall of Baja Electrical Limited.

Management side.

Today we have a task Mr.

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