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Electronics Mart India Ltd
NSE:EMIL

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Electronics Mart India Ltd
NSE:EMIL
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Price: 99.61 INR -0.07%
Market Cap: 38.3B INR

Electronics Mart India Ltd
Investor Relations

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.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 10, 2025
AI Summary
Q2 2026

Sales Recovery: Demand rebounded after initial GST-related slowdown, leading to strong recovery in sales momentum in Q2 FY '26.

Margins Impacted: Operating margins were pressured by rapid store expansion, higher fixed and financing costs, and early-stage stores not fully absorbing expenses.

Guidance Revised: Full-year growth guidance was lowered from 15% to "low double digits" due to first half underperformance, but margins are expected to improve in H2.

Store Expansion: 75 stores added in H1 FY '26; out of 215 total stores, 131 are less than 4 years old, with more new stores planned by year-end.

Segment Growth: Mature stores delivered strong sales and higher margins; large appliances and mobiles segments saw improving trends post-GST cut.

Inventory Build-up: Company is carrying over INR 200 crores in air conditioner inventory due to weak demand; expects liquidation in Q4 with summer season.

NCR Cluster: NCR region continued strong growth, expected to reach INR 650–700 crores in revenue for FY '26, but margins remain lower than Southern clusters.

Festive Season: Management reported a positive festive season with encouraging sales trends, especially in large appliances and televisions.

Key Financials
Revenue
INR 1,591 crores
EBITDA
INR 82 crores
EBITDA Margin
5.1%
PAT
INR 16 crores
Same Store Sales Growth
11.4%
Revenue (H1 FY '26)
INR 3,330 crores
EBITDA (H1 FY '26)
INR 192 crores
EBITDA Margin (H1 FY '26)
5.8%
PAT (H1 FY '26)
INR 38 crores
Same Store Sales Growth (H1 FY '26)
-4.8%
RoCE (annualized, H1 FY '26)
9.8%
RoE (annualized, H1 FY '26)
4.8%
Working Capital Days (as of 30th Sept 2026)
76 days
Cash Flows from Operations (as of 30th Sept '25)
INR 209 crores
Inventory – Air Conditioner
INR 200+ crores
Mature Store EBITDA Margin
6.8%
New Store EBITDA Margin
3%
Southern Cluster EBITDA Margin
6%
NCR Cluster EBITDA Margin
1%
Number of Stores
215
Revenue – Mature Stores (H1 FY '26)
INR 2,254 crores
Revenue – New Stores (H1 FY '26)
INR 933 crores
Large Appliances Revenue Contribution (Q2)
38%
Large Appliances Revenue Contribution (H1)
43%
Mobiles Revenue Contribution (Q2)
48%
Mobiles Revenue Contribution (H1)
44%
Hyderabad Revenue Growth (Q2)
15%
Hyderabad SSG (Q2)
12%
Telangana Revenue Growth (Q2)
23%
Telangana SSG (Q2)
16%
Andhra Pradesh Revenue Growth (Q2)
29%
Andhra Pradesh SSG (Q2)
8%
NCR Revenue Growth (Q2)
38%
NCR SSG (Q2)
11%
RoCE (annualized, H1 FY '26)
9.8%
RoE (annualized, H1 FY '26)
4.8%
Other Earnings Calls

Management

Mr. Karan Bajaj
CEO & Whole-Time Director
No Bio Available
Mr. Premchand Devarakonda
Chief Financial Officer
No Bio Available
Mr. Rajiv Kumar
Company Secretary & Compliance Officer
No Bio Available
Ms. Astha Bajaj
Executive Director
No Bio Available
Mr. Sandeep Singh Jolly
Chief Operating Officer
No Bio Available
Ms. Annapurna Devi Kuchibhatla
Chief Technical Officer
No Bio Available
Mr. Nammi Ravi Kiran
GM of HR & Administration
No Bio Available
Mr. Vishal Singh
Head of Marketing
No Bio Available
Mr. Giridhar Rao Chilamkurthi
Vice President of Sales
No Bio Available

Contacts

Address
TELANGANA
Hyderabad
M. No. 6-3-666/A1 To 7 - 3rd floor, Opp. NIMS Hospital, Panjgutta Main Road
Contacts