Electronics Mart India Ltd
NSE:EMIL
Electronics Mart India Ltd
Electronics Mart India Ltd. engages in the retailing and wholesale of electronic household items and accessories through stores and online platforms. The company is headquartered in Hyderabad, Telangana. The company went IPO on 2022-10-17. The firm offers its products through a chain of retail stores located in the states of Telangana and Andhra Pradesh and also through the online platform. The company owns approximately 106 stores and five brands that offer electronics, kitchens, audio and automation. Its brands include Bajaj Electronics, iQ, Kitchen Stories, Audio and Beyond and Electronics Mart. Its products include televisions, refrigerators, washing machine, air conditioners, phones, tablets, fitness trackers, smart watch, laptops, printers, coolers, geysers, personal computers, cables, screen guards, headphones, Bluetooth speakers, ceiling fans, personal care devices, kitchen hobs, chimneys, water purifiers, rice cookers and mixer grinders.
Electronics Mart India Ltd. engages in the retailing and wholesale of electronic household items and accessories through stores and online platforms. The company is headquartered in Hyderabad, Telangana. The company went IPO on 2022-10-17. The firm offers its products through a chain of retail stores located in the states of Telangana and Andhra Pradesh and also through the online platform. The company owns approximately 106 stores and five brands that offer electronics, kitchens, audio and automation. Its brands include Bajaj Electronics, iQ, Kitchen Stories, Audio and Beyond and Electronics Mart. Its products include televisions, refrigerators, washing machine, air conditioners, phones, tablets, fitness trackers, smart watch, laptops, printers, coolers, geysers, personal computers, cables, screen guards, headphones, Bluetooth speakers, ceiling fans, personal care devices, kitchen hobs, chimneys, water purifiers, rice cookers and mixer grinders.
Revenue Growth: Revenue grew 8% year-on-year in Q3 FY '26, reaching INR 1,939.7 crores, supported by festive demand and the GST rate cut.
Margin Expansion: Q3 EBITDA rose 17% to INR 119 crores, with EBITDA margin improving to 6.1% from 5.6% last year, driven by operating leverage.
Store Expansion: Four new stores were added in Q3, and over the past two years nearly 100 stores have been opened, about half the total network and still maturing.
Regional Performance: Andhra Pradesh saw strong recovery with 18.2% revenue growth; NCR cluster grew 30%. Hyderabad and Telangana showed moderate growth.
Product Categories: Large appliances and mobile phones each contributed around 42–44% to revenue; notable growth in premium appliances and new categories.
Working Capital & Cash Flow: Working capital days increased to 60; operating cash flow for 9M FY '26 was INR 500 crores.
Positive Outlook: Management remains optimistic for upcoming quarters, expecting further margin improvement as new stores mature and supportive macro trends continue.
