Q3 2026 Aditya Vision Ltd Earnings Call Transcript
Key Points
- Aditya Vision Ltd (BOM:540205) reported a strong revenue growth of 28% year-over-year for Q3 FY26, driven by robust festive demand.
- The company added four new stores during the quarter, bringing the total to 192 stores, and is on track to surpass 200 operational stores by the end of FY26.
- Same-store sales growth for Q3 FY26 was impressive at 17%, indicating strong performance in existing locations.
- The company maintained a gross margin of 15.8% in Q3 FY26, an improvement from 15% in the previous year.
- Aditya Vision Ltd (BOM:540205) is strategically expanding into new markets, including Chhattisgarh and Madhya Pradesh, which are expected to contribute to future growth.
- EBITDA margins moderated by approximately 42 basis points year-over-year due to higher operating expenses, particularly in marketing and promotional activities.
- PAT margins softened by around 38 basis points, impacted by additional provisioning under new labor codes.
- The company faced challenges in Q1 FY26 due to adverse weather conditions, which affected cooling product demand and overall performance.
- Higher inventory levels were reported, primarily due to opportunistic stocking of room air conditioners, which could pose a risk if demand does not meet expectations.
- Operating expenses increased due to store expansions and promotional activities, which impacted profitability despite revenue growth.
Ladies and gentlemen, good day, and welcome to Aditya Vision Limited Q3 and nine months ended December 31, 2025, earnings conference call hosted by Investec Capital Services India Private Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Aditya Bhartia from Investec Capital Services India Private Limited. Thank you, and over to you, sir.
Good evening, everyone. A warm welcome on behalf of Investec India to Q3 FY26 earnings call of the Aditya Vision. We have with us the senior management team of Aditya Vision, represented by Mr. Yashovardhan Sinha, Chairman and Managing Director; Yosham Vardhan, Whole-Time Director.
I will hand over the call to the management for their opening remarks, post which we can open the floor for Q&A session.
Thank you, Aditya, from Aditya Vision. Good evening, ladies and gentlemen, and welcome to Aditya Vision Limited's Earnings Conference Call for the third quarter and nine
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