Electronics Mart India Ltd (NSE:EMIL)

Q2 2026 Electronics Mart India Ltd Earnings Call Transcript

Nov 10, 2025 / 11:30 AM GMT

Release Date Price: ₹135.95 (-3.54%)

Transcript

Key Points

Positve

Electronics Mart India Ltd (BOM:543626) experienced a strong recovery in sales momentum following a reduction in GST rates.
The company added around 75 stores in H1 FY26, indicating significant expansion efforts.
Mature stores delivered strong sales with an EBITDA margin of 6.8%, showcasing their profitability.
The NCR cluster achieved a revenue growth of 38%, indicating successful expansion in that region.
The company expects margins to progressively normalize as newly opened stores mature and reach steady-state performance.

Negative

Operating margins were impacted due to rapid store expansion, leading to higher fixed costs and financing expenses.
The company had to offer additional discounts to push sales during a slowdown, which reduced gross margins.
Electronics Mart India Ltd (BOM:543626) is carrying a significant inventory of air conditioners due to a weak summer season.
The company's overall EBITDA margin for Q2 FY26 stood at 5.1%, which is lower than desired.
There is uncertainty regarding achieving the full-year growth guidance of 15% due to a weaker first half.

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

ELEO.NS - Electronics Mart India Ltd
Q2 2026 Electronics Mart India Ltd Earnings Call
Nov 10, 2025 / 11:30AM 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 Electronics Smart India Limited Q2 and H1FY26 earnings conference call. As a reminder, all participant lines will be 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 an operator by pressing, then 0 on your touchstone phone. Please note that this conference is being recorded. This conference call may contain forward-looking statements about the company which are based on the beliefs, opinions, and expectations of the company as on the date of this call. These statements are not the guarantees of future performance and involve risks and

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