Bajaj Electricals Limited has informed the Exchange about Transcript of the 'Q4FY26 Earnings Call'
BAJAJELEC · price
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Bajaj Electricals reported a mixed Q4 FY26 with Lighting Solutions delivering strong results (28% EBIT growth, 8.7% Q4 margin) while Consumer Products posted a loss due to delayed summer and input cost pressures. The company entered the wires category with encouraging early demand. Management aims to grow ahead of the mid-single digit market and target industry-average margins (6-9%) by FY28-29, though they acknowledged difficulty in matching FY24/25 margins due to geopolitical inflation. Capex will drop significantly (less than half) over the next two years. New CFO Ashween Anand was introduced. Cash position stands at INR 934 crores with negative working capital maintained. Fan market share declined due to weak BLDC performance, which management plans to address in the next 12 months.
Lighting Solutions remains the bright spot with strong margins, while Consumer Products recovery depends on summer demand normalization and inventory correction. Management's cautious optimism on margins and reduced capex signals a focus on profitability over aggressive expansion.