Electronics Mart India
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Electronics Mart India (EMIL) investor relations material

Electronics Mart India Q3 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 25/26 earnings summary9 Feb, 2026

Executive summary

  • Q3 FY26 saw robust festive-driven growth, aided by GST rate cuts, strong demand for large appliances, and a 25% year-over-year increase during the festival period.

  • Q3 FY26 revenue reached approximately INR 1,940 crore, up 7–8% year-over-year, with PAT at INR 30 crore, impacted by a one-time exceptional charge due to new Labour Codes.

  • Store network expansion continued aggressively, with 19 net new stores in 9M FY26, nearly 100 stores added in two years, and over 200 stores across 94 cities.

  • Unaudited standalone and consolidated financial results for Q3 and 9M FY26 were approved, with auditors issuing unmodified limited review reports.

Financial highlights

  • Q3 FY26 revenue was INR 1,939.7 crore, up 8% year-over-year; EBITDA grew 17% to INR 119 crore (6.1% margin); PAT was INR 30 crore.

  • 9M FY26 revenue reached INR 5,270 crore, up 4% year-over-year; EBITDA was INR 311 crore (5.9% margin); PAT was INR 67 crore.

  • Standalone net profit for Q3 FY26 was INR 296.51 million, up from INR 161.46 million in Q3 FY25; EPS for Q3 FY26 was INR 0.77.

  • Working capital days stood at 60 as of December 31, 2025; pre-Ind AS cash flow from operations was INR 500 crore for nine months.

  • Gross margin held steady at 14.3% for both Q3 and 9M FY26.

Outlook and guidance

  • Management expects margins to normalize as new stores mature, with a positive outlook for the summer season and further expansion into new geographies.

  • Anticipates double-digit growth if summer demand is strong, with plans to add 10 more stores and enter new regions like Odisha or Western UP.

  • Confident in achieving profitability in the Delhi cluster by FY27, with further margin improvement expected if summer is favorable.

  • Focus on inventory optimization and technology-driven replenishment to strengthen cash flows.

  • Any further impact from the New Labour Code will be accounted for when rules are notified.

Net financial impact of the fire incident
Strategic rationale for IQ stores divestment
Impact of incentive reclassification on revenue
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