Bajaj Electricals Ltd
Bajaj Electricals Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Consumer products (CP) business has grown modestly at 4-5% CAGR over the last 4-5 years. Consumer Products (CP) business growth is currently impacted by industry challenges such as early monsoon, high channel inventory, and GST rate reforms, causing muted demand especially in summer products.
From Bajaj Electricals Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Consumer products (CP) business has grown modestly at 4-5% CAGR over the last 4-5 years.
- Future growth depends largely on overall market conditions and growth rates; maintaining or growing market share is a key focus.
- Management is cautiously optimistic about demand recovery, especially in high-end consumer durables.
- Channel inventory pressures and seasonal factors have impacted recent sales but expected to improve.
- Lighting Solutions vertical shows strong performance with revenue growth of 9.6% and EBIT growth of 46% YoY.
- Consumer lighting has seen double-digit volume and value growth in general trade.
- Professional lighting order book remains healthy with INR 210 crores currently.
- Morphy Richards acquisition aims to support growth with a 12-13 year horizon.
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Profitability & Margins
See what Bajaj Electricals Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- No explicit mentions of current or future capital expenditure (capex) plans were provided in the call.
- There is a strategic acquisition of the Morphy Richards brand recently approved by the Board, which aligns with the company's dual brand architecture strategy.
- No investments were required for the successful launch of the new switchgear product as mentioned.
- The company is investing in initiatives such as brand building, go-to-market strategies, digitization, and manufacturing excellence to drive growth, but specific capex figures or projects are not disclosed.
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Top-ranked in Consumer Durables
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- Professional lighting order intake saw a slight delay but improved as of October 1, 2025.
- A large order worth approximately INR 30-40 crores was won on October 1, 2025.
- This new order compensates for and exceeds the earlier order book level from the previous year's quarter.
- Current professional lighting B2B order book stands at INR 178 crores for this quarter.
- This is a decrease compared to INR 210 crores in the same quarter last year, but the recent large order offsets concerns.
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Bajaj Electricals Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.2K Cr, net loss ₹68 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Bajaj Electricals Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
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Frequently Asked Questions
What were Bajaj Electricals Ltd Q2 FY26 results?
Consumer products (CP) business has grown modestly at 4-5% CAGR over the last 4-5 years. Consumer Products (CP) business growth is currently impacted by industry challenges such as early monsoon, high channel inventory, and GST rate reforms, causing muted demand especially in summer products.
What is Bajaj Electricals Ltd share price analysis?
Bajaj Electricals Ltd currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹4,017 Cr. Investors should review the full earnings analysis for detailed insights.
Is Bajaj Electricals Ltd planning capital expenditure?
No explicit mentions of current or future capital expenditure (capex) plans were provided in the call.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.