Electronics Mart India (EMIL) Q1 26/27 earnings summary

Executive summary

• Achieved record quarterly performance with revenue up 39% year-over-year to INR 2,419 crore, EBITDA up 118% to INR 239 crore (9.9% margin), and PAT up 458% to INR 121 crore, with same-store sales growth of 34.2%.

• Strong summer season drove exceptional demand for air conditioners, boosting both volume and value, and bringing new customers into the ecosystem.

• Aggressive expansion in North India is underway, following the successful South India strategy.

• Un-audited standalone and consolidated financial results for the quarter ended 30 June 2026 were approved by the Board on 7 August 2026.

• Both standalone and consolidated results were reviewed by the statutory auditors, who issued unqualified limited review reports.

Financial highlights

• Gross profit rose 65% year-over-year to INR 417 crore, with gross margin expanding to 17.2% from 14.6%.

• EBITDA margin improved to 9.9% from 6.3% a year ago.

• Standalone and consolidated revenue from operations for Q1 FY27 was ₹24,189.50 million, up from ₹17,393.90 million in Q1 FY26.

• Standalone profit for the period was ₹1,206.25 million, compared to ₹397.37 million in Q1 FY26.

• Working capital days reduced to 42 from 73, and working capital borrowings dropped to INR 97 crore from INR 658 crore at the quarter's start.

Outlook and guidance

• Revenue growth guidance for FY 2027 set at 18%-20%, with expectations of a strong festive season and initial contributions from West Bengal stores.

• Gross margin for the full year expected to be above 15%, with 15%-15.5% as the target range.

• EBITDA margin for FY 2027 projected at 7.5%-8% (Post-Ind AS basis).

• Profitability expected to improve as more stores mature and operating leverage increases.

• The company continues to monitor regulatory changes, especially regarding the New Labour Code, and will evaluate impacts on employee benefits as needed.