| Revenue growth | Q2 revenue +1.5% YoY to Rs1,123 Cr |
|---|---|
| Margins | EBIT margin 4.4% vs 3.0% YoY, 6.6% in Q1; 5.6% ex-brand investment |
| Order book | Not disclosed; Professional Lighting timing-phased |
| Demand visibility | Alternate channels +7%; e-com double-digit; exports high double-digit |
Growth
Revenue +1.5% YoY to Rs1,123 Cr. Consumer Products +2.4%; Lighting Solutions -1.3%. PBT Rs35 Cr vs Rs16 Cr.
Outlook
No explicit numeric guidance given. Rs27 Cr sale proceeds from property; Rs35 Cr dividend (Rs3/share); cash and investments c.Rs845 Cr.
Risks
Professional Lighting degrowth; GT down c.3%; A&P up 150bps to 3.8% of revenue; WC outflow Rs179 Cr.
Last quarter's promises, checked
Missed
- Guided 8-10% growth (Q1 call) → delivered 1.5% YoY revenue (= MISS)
- Guided EBIT margin stabilising at 6-7% for two years → delivered 4.4% EBIT, 5.6% ex-brand (= MISS)
- Guided lighting margin rebuild within 1-2 quarters as legacy contracts exit → Q2 EBIT fell 6.6%→4.4%, Lighting revenue -1.3% (= MISS)
Investor Presentation filed with BSE, NSE: BAJAJELEC. Summary written with AI assistance from the document.
Bajaj Electricals Ltd: key numbers
- Share price
- ₹292.65
- Market cap
- ₹3,378 Cr
- Revenue (annual)
- ₹4,462 Cr
- Net profit (annual)
- ₹-90.86 Cr
- P/E (TTM)
- -124.4×Sector 42.1×
- Promoter holding
- 62.68%-0.01% QoQ
- FII holding
- 5.36%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Bajaj Electricals Ltd
All →Bajaj Electricals Earnings Call Transcript: Key Takeaways
Management is navigating a leadership transition while struggling with sluggish revenue growth of 1.5%. Profit before tax doubled to ₹35 Cr due to cost efficiencies despite high brand investment.
Bajaj Electricals Management Change
Bajaj Electricals' executive director Shekhar Bajaj resigned, effective 31-Dec-2026. Sanjay Sachdeva was re-appointed as Executive Director (CEO-MD) for five months from 01-Apr-2027.
Bajaj Electricals Q2 FY27 Results: Net Profit ₹26.1 Cr, Up 163.6% YoY
Bajaj Electricals Ltd reported revenue from operations of ₹1,123 Cr (+1.5% YoY) and net profit of ₹26.1 Cr (+163.6% YoY) for Q2 FY27.
- Key figure
- Net profit ₹26.1 Cr · +163.6% YoY
Bajaj Electricals Employee Stock Options
Bajaj Electricals granted 88,222 performance stock options to 7 employees under PSOP Plan 2023. Exercise price is face value of Rs.2 per share.
Bajaj Electricals Other Announcement
Bajaj Electricals Ltd has filed its quarterly shareholding pattern for the period ended September 30, 2026, in compliance with SEBI (LODR) Regulations.
Bajaj Electricals Legal & Regulatory
Bajaj Electricals received an appellate order for FY 2019-20 from the West Bengal tax authority, imposing a total tax demand of Rs. 6.27 Crore.
- Value
- ₹6.27 Cr