Electronics Mart India Ltd Q3 FY25 Results & Concall Highlights: Revenue, Margins & Order Book

Published 5 Aug 2026 | Retailing | Market Cap: ₹7.3K Cr

The company maintains a 15% top-line growth guidance for FY '25, expecting roughly 21-22% growth in February and optimistic for Q4 growth around 25%. The company maintains a 15% top line (revenue) growth guidance for FY '25 and expects roughly 21-22% growth in Q4, supported by summer demand.

From Electronics Mart India Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.

Price

187

Market Cap

₹7.3K Cr

P/E Ratio

37.2

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Electronics Mart India Ltd — 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

  • The company maintains a 15% top-line growth guidance for FY '25, expecting roughly 21-22% growth in February and optimistic for Q4 growth around 25%.
  • Growth depends heavily on the summer season's arrival and weather conditions, especially affecting summer category sales.
  • For FY '26, another 15% year-on-year revenue growth is anticipated, supported by new store openings and maturing existing stores.
  • Store additions include 10-12 stores in Q4 FY '25 and around 35 stores planned for FY '26, all multi-brand outlets (MBOs).
  • Sales acceleration observed in January and February, with positive signs compared to previous quarters.
  • The company aims to expand in key markets like Delhi NCR, Andhra Pradesh, Telangana, and Hyderabad, focusing on consumer finance and a diverse product portfolio.
  • Mobile handset demand remains strong, contributing to volume growth despite lower margins.

📈 Profitability & Margins

  • The company maintains a 15% top line (revenue) growth guidance for FY '25 and expects roughly 21-22% growth in Q4, supported by summer demand.
  • For FY '26, another 15% year-on-year revenue growth is considered comfortable due to new store additions and store maturation.
  • EBITDA margins are expected to remain stable around 7% post-IndAS, with slight variations by region.
  • Profit After Tax (PAT) is expected to be in line with the previous year's levels, with limited growth due to margin dilution and increased expenses.
  • The company is optimistic about improved unit economics and margins from store maturation and operating leverage.
  • Positive seasonal trends and new cluster performances, especially in Delhi and Telangana markets, contribute to growth optimism.
  • Overall, the focus remains on cautious optimism with steady earnings growth driven by expansion and demand recovery.

🏗️ Capital Expenditure Plans

- The company plans to open approximately 10 to 12 new stores in Q4 of the current fiscal year (FY25). - For FY26, there is a pipeline of about 35 new stores signed up, with store openings expected to begin from Q1 itself. - Of these 35 stores planned for FY26, roughly 6 will be in the Delhi NCR region, 3 stores in Hyderabad, 15 stores in the Andhra upcountry market, and around 11 in the Telangana upcountry market. - No store closures are planned currently; all additions are net new stores. - The expansion focus is primarily on Multi-Brand Outlets (MBOs), with no plans for Exclusive Brand Outlets (EBOs) in the near term. - Capital expenditure also includes term loans taken for buying properties, which have increased slightly, with total borrowing around Rs. 530 crores as of December 31, 2024. These indicate ongoing strategic investments in expanding physical retail presence and store network.

💰 Fundraising & Capital Structure

  • There is no explicit mention of any current or planned new fundraising through debt or equity in the provided transcript.
  • Debt levels as of December 31, 2024, include gross debt around Rs. 530 crores, with term loans increased due to property purchases.
  • Working capital loans have decreased significantly, indicating management's focus on optimizing existing debt rather than raising new funds.
  • The company maintains operational discipline with a net debt-to-equity ratio of 0.3x and net debt-to-EBITDA of 1.04.
  • No direct indications or guidance were provided regarding equity fundraising or plans to raise additional debt beyond usual working capital and property-related borrowings.
  • The focus appears to be on debt management and organic growth through store expansions funded via current resources.

📋 Order Book & Pipeline

The transcript does not provide specific details about the current or expected order book or pending orders for Electronics Mart India Limited. The discussion primarily focuses on: - Revenue growth guidance (around 15% year-on-year for FY 25 and FY 26) - Store expansion plans (10-12 stores in Q4 FY 25 and roughly 35 stores in FY 26) - Growth outlook influenced by seasonal factors like early summer - Optimism on demand recovery and product category performance - Financial metrics including revenue, EBITDA margins, and working capital sourced from inventory purchases No explicit mention was made regarding the value or volume of current or pending orders.

Key Metrics

Frequently Asked Questions

What were Electronics Mart India Ltd Q3 FY25 results?

The company maintains a 15% top-line growth guidance for FY '25, expecting roughly 21-22% growth in February and optimistic for Q4 growth around 25%. The company maintains a 15% top line (revenue) growth guidance for FY '25 and expects roughly 21-22% growth in Q4, supported by summer demand.

What is Electronics Mart India Ltd share price analysis?

Electronics Mart India Ltd currently shows a neutral. The stock trades at a P/E of 37.2 with a market cap of ₹7,289 Cr. Investors should review the full earnings analysis for detailed insights.

Is Electronics Mart India Ltd planning capital expenditure?

The company plans to open approximately 10 to 12 new stores in Q4 of the current fiscal year (FY25). - For FY26, there is a pipeline of about 35 new stores signed up, with store openings expected to begin from Q1 itself. - Of these 35 stores planned for FY26, roughly 6 will be in the Delhi NCR region, 3 stores in Hyderabad, 15 stores in the Andhra upcountry market, and around 11 in the Telangana upcountry market. - No store closures are planned currently; all additions are net new stores. - The expansion focus is primarily on Multi-Brand Outlets (MBOs), with no plans for Exclusive Brand Outlets (EBOs) in the near term. - Capital expenditure also includes term loans taken for buying properties, which have increased slightly, with total borrowing around Rs.

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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.

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