Bajaj Electricals Ltd (BOM:500031)

Q4 2026 Bajaj Electricals Ltd Earnings Call Transcript

May 20, 2026 / 11:00 AM GMT

Release Date Price: ₹343 (-1.52%)

Transcript

Key Points

Positve

Bajaj Electricals Ltd (BOM:500031) reported a 28% year-on-year increase in EBIT for the lighting solutions vertical, achieving the highest ever annual EBIT margin of 8.5%.
The company has successfully expanded its portfolio by entering the VIARS category, which has received a robust market response.
Bajaj Electricals Ltd (BOM:500031) generated positive cash flow from operations, ending the year with 934 crores of cash and operating at negative working capital.
The company maintained a dividend rate of 3 rupees per share, celebrating 100 years of the Bajaj Group.
The lighting solutions vertical delivered a 60% revenue growth in Q4, with an EBIT margin of 8.7%, indicating strong performance and potential for future growth.

Negative

The consumer products vertical faced challenges due to a weaker start to the summer season, geopolitical uncertainties, supply chain disruptions, and input cost pressures.
The company reported a loss in the consumer products vertical due to operating leverage, with some categories like summer cooling products experiencing a decline.
Bajaj Electricals Ltd (BOM:500031) has lost market share in the fans segment, particularly in the BLDC category, which is growing faster than traditional induction fans.
Despite price increases ranging from 3% to 10%, the company has not fully covered commodity inflation, indicating potential margin pressures.
The company faces demand uncertainty due to inconsistent weather patterns across different regions, impacting the performance of seasonal products like coolers.

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

BJEL.NS - Bajaj Electricals Ltd
Q4 2026 Bajaj Electricals Ltd Earnings Call
May 20, 2026 / 11:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Bajaj Electricals Limited Q4 FY26 Earnings Conference Call hosted by ICICI Securities Limited.

As a reminder, all particle lines will remain in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal the operator by pressing *, then 0 on your touch-tone telephone.

Please note that this conference is being recorded.

I will now hand the conference over to Mr. Manan Goyal from ICICI Securities Limited for opening remarks.

Thank you, and over to you, Manan.

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