Electronics Mart India (EMIL) Q4 25/26 earnings summary

Executive summary

• Q4 FY 2026 saw robust demand and double-digit growth in revenue and SSSG across all regions, with Hyderabad and the South performing strongly.

• Store network expanded to 223 stores, with 23 net new stores in FY26, focusing on NCR, Western UP, and the South.

• Maintained leadership as the largest electronics retailer in South India and the fourth largest in India.

• Audited standalone and consolidated financial results for Q4 and FY26 were approved, with unmodified opinions from auditors.

• Strengthened partnerships with global brands and enhanced in-store experiences to drive customer engagement.

Financial highlights

• FY26 revenue: INR 7,183 crore (₹71,832.62 million), up 7% YoY; Q4 FY26 revenue: INR 1,913 crore, up 15% YoY.

• FY26 EBITDA: INR 438 crore; EBITDA margin: 6.1%; PAT at INR 107 crore, down 33% YoY due to exceptional items.

• Q4 FY26 EBITDA: INR 129 crore, up 20% YoY; EBITDA margin: 6.7%.

• Net cash from operating activities for FY26: INR 444 crore (₹4,427.81 million standalone).

• SSSG: Q4 at 12.2%, FY26 at 5.3%.

Outlook and guidance

• Focus on optimizing supply chain, inventory management, and working capital efficiency in FY27.

• Continued expansion in existing clusters (NCR, AP, Telangana, Western UP) and selective entry into new geographies, notably Kolkata.

• Targeting 20 new store additions in FY27, with similar CapEx per store as previous years.

• Expectation of margin normalization and improved profitability as more stores mature.

• Monitoring regulatory changes, such as new labour codes, for impact on employee benefit liabilities.