Q4 2026 Electronics Mart India Ltd Earnings Call Transcript
Key Points
- Electronics Mart India Ltd (BOM:543626) reported a 15% revenue growth in Q4 FY26, reaching INR1,913 crore compared to INR1,664 crore in Q4 FY25.
- EBITDA for Q4 FY26 increased by 20% to INR129 crore, with an improved EBITDA margin of 6.7% compared to 5.6% in the previous year.
- The company successfully expanded its store network, adding four new stores in Q4 FY26, contributing to a total of 223 stores.
- Same-store sales growth (SSSG) for Q4 FY26 was 12.2%, indicating strong performance across mature and new stores.
- The company maintained a healthy inventory management with inventory days outstanding at 73 days as of March 31, 2026, supporting efficient operations.
- Despite the overall growth, the large appliances product mix declined from 47% to 42% in Q4 FY26, which could impact future revenue streams.
- Newer stores are currently operating at a lower EBITDA margin of 3.1%, compared to mature stores at 7.3%, indicating a longer ramp-up period for profitability.
- The competitive intensity in the NCR region remains high, which could pressure margins and slow down market share gains.
- The company faces challenges in maintaining consistent footfall and conversion rates in newer markets like Delhi, impacting overall sales growth.
- There is uncertainty regarding the absorption of recent price hikes in mobile phones and RAC categories, which could affect future demand and margins.
Ladies and gentlemen, good day, and welcome to the Q4 and FY26 earnings conference call for Electronics Mart India Limited. (Operator Instructions) Please note that this conference is being recorded. This conference 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 uncertainties that are difficult to predict.
I now hand the conference over to Mr. Karan Bajaj, CEO and Promoter. Thank you, and over to you, sir.
Thank you very much. Good afternoon, and a very warm welcome to everybody present on the call. Along with me, I have Mr. Premchand Devarakonda, our Chief Financial Officer; and SGA, our investor relations advisers. We have uploaded our results and investor presentation for the quarter end and financial year ended March 31, 2026, on the stock exchange and the company's
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