Electronics Mart Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Published 25 Aug 2026 | Retailing | Market Cap: ₹7.2K Cr

Targeting 18% to 20% revenue growth for FY27, seen as comfortably achievable. Electronics Mart India Limited expects revenue growth of 18% to 20% for FY27, driven by strong demand and expansion into new clusters like West Bengal.

From Electronics Mart's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Price

178

Market Cap

₹7.2K Cr

P/E Ratio

36.6

Revenue Rank

Rank 3

Margin Rank

Rank 2

How does Electronics Mart rank in Retailing?

Compare Electronics Mart against every Retailing company this quarter on revenue, margins and earnings-call signals.

Revenue: Rank 3Margin: Rank 2
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Electronics Mart — Quarterly revenue & net profit

Revenue Net Profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹1.9K Cr, net profit ₹40 Cr.

Full financials →

📊 Revenue & Sales Performance

Rank 3
  • Targeting 18% to 20% revenue growth for FY27, seen as comfortably achievable.
  • Q4 FY27 expected to also perform well, potentially exceeding 20% growth if market conditions support.
  • Expansion focused on selective store openings: 25-30 new stores planned annually, including 30 stores in West Bengal over 18-24 months.
  • NCR market: planning to open 8-10 stores in FY27 with long-term growth strategy.
  • South cluster showing strong growth, with Andhra Pradesh revenue up 62% YoY and Telangana up-country growing 48%.
  • Mature stores operate at 11.2% EBITDA margin; non-mature stores improving margins at 8.1%, indicating embedded growth potential.
  • Growth driven by volume increases and market share gains (4%-12% depending on geography).
  • Volume growth complemented by a mix of product categories, including cooling products and IT hardware.

📈 Profitability & Margins

Rank 2
  • Electronics Mart India Limited expects revenue growth of 18% to 20% for FY27, driven by strong demand and expansion into new clusters like West Bengal.
  • The company anticipates improving EBITDA margins, with mature stores currently at 11.2% and non-mature stores showing margin improvement at 8.1%, indicating margin expansion potential.
  • Same-store sales growth (SSSG) is targeted to maintain at least 10%-12% from year three onwards in new stores after initial productivity ramp-up.
  • Operating cash flows remain robust, with INR 631 crores pre-Ind AS and INR 671 crores post-Ind AS for Q1 FY27; debt levels have reduced substantially ensuring prudent capital allocation.
  • Strategic focus on disciplined store expansion and inventory management supports sustainable profit growth and EPS enhancement over coming years.
  • Return on capital employed on a trailing twelve months basis stands at 20.1%, indicating efficient use of capital contributing to earnings growth.

🏗️ Capital Expenditure Plans

Yes
  • The company plans to open around 25-30 new stores in existing geographies and West Bengal, with a capex of approximately INR 100 crore for these stores.
  • Additionally, around INR 50 crore will be invested in buying about 11 properties in Kolkata over the next two years, with transactions expected in FY28 depending on readiness.
  • Total capital outflow includes store openings and property acquisitions primarily in Kolkata.
  • All these expansions and capex will be funded through internal accruals; no external debt is being raised.
  • The company is conservative with store expansion, focusing on profitable and sustainable growth rather than rapid aggressive expansion.
  • There is openness to inorganic expansion or new geographies but only after stabilizing current markets; no immediate plans before Q4 FY27 or Q1 FY28.
  • Company-owned, company-operated model is preferred; franchise model not currently pursued but remains flexible depending on opportunities.

💰 Fundraising & Capital Structure

No
  • No new fundraising through debt or equity is planned currently.
  • Expansion and capex plans (e.g., 25-30 new stores, including in West Bengal) will be funded entirely through internal accruals and cash flows.
  • The company has significantly reduced its short-term debt and aims to avoid rapid expansion to maintain prudent capital allocation.
  • Debt levels are at the lowest, supporting comfortable cash flow and reducing interest costs.
  • Management emphasizes cautious and calculated expansion with focus on profitability rather than aggressive capital raising.

📋 Order Book & Pipeline

No information
The provided document pages (13-18) from Electronics Mart India Limited's Q1 FY27 Earnings Conference Call do not explicitly mention any details on the company's current or expected orderbook or pending orders. The discussion primarily focuses on: - Store expansion plans and related capex (e.g., 25-30 stores in Kolkata over 24 months, 8-10 stores in NCR in FY27) - Payback periods and operational cost management for new stores - Market outlook and SSG growth expectations - Inventory management and pricing strategies - Market share gains and revenue growth in regions No specific data or commentary on orderbook or pending orders is provided within these excerpts.

Key Metrics

Revenue

Rank 3

Margin

Rank 2

Capex

Yes

Fundraise

No

Order Book

No information

What Electronics Mart India Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Electronics Mart Q1 FY27 results?

Targeting 18% to 20% revenue growth for FY27, seen as comfortably achievable. Electronics Mart India Limited expects revenue growth of 18% to 20% for FY27, driven by strong demand and expansion into new clusters like West Bengal.

What is Electronics Mart share price analysis?

Electronics Mart currently shows a below-average growth signal. The stock trades at a P/E of 36.6 with a market cap of ₹7,184 Cr. Investors should review the full earnings analysis for detailed insights.

Is Electronics Mart planning capital expenditure?

The company plans to open around 25-30 new stores in existing geographies and West Bengal, with a capex of approximately INR 100 crore for these stores.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.