Symphony Ltd (NSE:SYMPHONY)

Q1 2027 Symphony Ltd Earnings Call Transcript

Aug 4, 2026 / 10:30 AM GMT

Release Date Price: ₹672.3 (-1.53%)

Transcript

Key Points

Positve

Consolidated revenue grew 8% YoY to Rs 378 crore, with EBITDA up 26% to Rs 48 crore, marking the second-highest June quarter performance.
Gross margin improved to 49.8% despite commodity price pressures and geopolitical headwinds, reflecting strong cost discipline.
Bonaire USA returned to robust growth with revenue up 35%, driven by successful scale-up of new air cooler models and strong summer demand.
GSK China revenue grew 43%, and the subsidiary is now completely debt-free, having repaid all loans to Symphony India.
Domestic India revenue grew 15% despite inventory overhang, with modern trade channels growing over 100% and digital channels highly profitable.
The company's diversification strategy is working, with non-Indian summer products (BISP) now contributing 48% of consolidated revenue on a trailing twelve-month basis.
Inventory levels have fully normalized at both trade and company levels, setting the stage for healthy general trade growth in coming quarters.

Negative

Consolidated PAT declined to Rs 40 crore from Rs 42 crore YoY, impacted by one-time non-cash expenditure of Rs 5 crore and exceptional income in the prior year.
Standalone exports from India declined due to geopolitical tensions and shipping disruptions, particularly affecting the Middle East market.
Raw material costs remain elevated due to the ongoing war, and management expects short-term margin pressure as they can only pass on a portion of cost increases.
Climate Technology Australia continues to report revenue decline (Rs 27 crore vs Rs 31 crore) and negative EBITDA, with no new strategy to turn it around without additional capital.
Mexico experienced two consecutive mild summers, impacting sales, though management expects a statistically robust summer next year.
Q1 demand for air coolers was patchy in North and East India due to uneven weather patterns, affecting sales in those regions.
The company has not yet taken price hikes in the household cooler segment, and future hikes remain uncertain depending on cost normalization.

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

SYMP.NS - Symphony Limited
Q1 2027 Symphony Ltd Earnings Call
Aug 04, 2026 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, ladies and gentlemen. Welcome to the Symphony call, the Q1 SY27 call. I have with me my colleague Aditya Bhartia, who is the co-head of research to take us through this call and introduce to the management. Before I hand over to Aditya, please note that all of you all are in the listen-only mode and we will give an opportunity to.

Ask the management a question, do raise your virtual hand, and then we will unmute you. Please note that this call is being recorded. Over to you, Aditya.

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Unidentified_2 [2]
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Thanks, Papna.

Hello, APY. A

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