IFB Industries (IFBIND) Q4 25/26 earnings summary

Executive summary

• Q4 FY26 consolidated revenue was ₹1,507.23 crore and PAT ₹42.67 crore; PBDIT rose 36% and PAT 126% YoY. FY26 consolidated revenue was ₹5,652.59 crore and PAT ₹143.56 crore.

• FY26 standalone revenue grew 10% to ₹5,475.91 crore; PAT was ₹133.34 crore after a ₹13.96 crore Labour Code charge.

• All divisions recorded double-digit Q4 revenue growth; FY27 priorities include premiumization, cost optimization, SKU rationalization and channel coverage.

Financial highlights

• Q4 standalone revenue was ₹1,456.38 crore (+11%); PBDIT ₹80.72 crore (+16%), PBT before exceptional items ₹46.05 crore and PAT ₹33.72 crore (+51%).

• FY26 standalone revenue was ₹5,475.91 crore (+10%); PBDIT ₹334.07 crore, PBT before exceptional items ₹193.57 crore and PAT ₹133.34 crore.

• FY26 consolidated PBT was ₹192.45 crore; standalone Q4 and FY26 EPS were ₹8.33 and ₹32.91, respectively, while consolidated FY26 EPS was ₹35.43.

Outlook and guidance

• Home-appliance revenue grew 10.5% in FY26; management aspires to growth above 20% in FY27 and said the first two months were tracking well.

• Engineering targets 20% growth in existing business and 20%-25% overall growth over 2-3 years; its EBITDA margin target is 17%-18% versus ~15%.

• Cost initiatives are expected to deliver ₹150 crore in FY27: ~₹30 crore realized by April-May, with ₹120 crore expected over the next 10 months, subject to seasonal and input-cost effects.

• Engineering targets ~₹350 crore in new orders for FY27; planned opportunities include ₹150 crore in EVs, ~₹100 crore initially from chain manufacturing and ₹25 crore in brake discs.

• Washer launches of 13kg and 14kg are planned by September and December; front-load SKUs are to fall from 58 to 25 and top-load SKUs from 37 to 24 in H1 FY27 and Q1 FY27, respectively.