ELECTRONICS MART IND LTD

Sells consumer electronics and appliances through a chain of multi-brand and exclusive-brand retail outlets, primarily in South India and the National Capital Region. Operates 223 stores under the 'Bajaj Electronics' and 'Electronics Mart' brand names — 215 multi-brand outlets and 8 exclusive-brand outlets. The South cluster spanning Hyderabad, Andhra Pradesh and Telangana is the larger base, with about 72 stores in Hyderabad alone; the NCR cluster is smaller at 35 stores but turned EBITDA-positive on a full-year basis for the first time in FY26. Product mix centres on mobile phones, large appliances such as washing machines and panel TVs, and cooling products like air conditioners. Store economics depend heavily on maturity: the 83 stores older than four years run at roughly 7.3% EBITDA margin, while the 140 newer stores sit at about 3.1%, making ramp-up of recent additions the main lever for margin expansion. Plans for FY27 include around 20 new stores, an entry into East India via Calcutta with 5-7 outlets, and a target of ₹800+ crore in NCR revenue.