Electronics Mart India Ltd

Q3 FY26Retailing

Electronics Mart India Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹187

Market cap₹7.3K Cr

P/E37.2

Updated23 Aug 2026

Read5 min read

The short version

Expect double-digit growth rate to return, supported by positive market trends and a likely good Q4 and summer season (Page 17). Revenues for Q3 FY '26 grew 8% YoY; 9MFY '26 revenues up 4% YoY, indicating steady growth momentum.

From Electronics Mart India Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Expect double-digit growth rate to return, supported by positive market trends and a likely good Q4 and summer season (Page 17).
Expansion plans include opening 5-6 new stores by end of March and venturing into new geographies like Odisha and Western UP in FY '27 Q2/Q3 (Pages 19, 21).
Mature stores projecting improved profitability as they ramp up, with newer stores expected to increase throughput and reduce fixed cost absorption issues (Page 5).
Volume growth remains strong across categories despite price cuts and discounting, supported by increased penetration of premium products like 75-inch TVs, front-loading washing machines, and dishwashers (Page 21).

2 more points management made on revenue & sales performance

Profitability & Margins

Revenues for Q3 FY '26 grew 8% YoY; 9MFY '26 revenues up 4% YoY, indicating steady growth momentum.
EBITDA for Q3 FY '26 increased 17% YoY; EBITDA margin improved from 5.6% to 6.1%.
EBITDA margins expected to improve as newly opened stores mature and absorb fixed costs better.
Mature stores showcase strong EBITDA margins of 7%, while newer stores are at 3%, indicating room for margin expansion with store maturity.
Operating leverage from expanding store base and improved throughput expected to enhance profitability and ROCE over time.
The company is optimistic about double-digit growth returning, supported by GST cuts, premium product mix, and upsurge in volume demand.
Expansion into new geographies planned post Q1 FY '27, expected to add to revenue growth.

2 more points management made on profitability & margins

See what Electronics Mart India Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Plans to expand store count with new store openings: added 4 stores in Q3 FY '26 (2 in NCR, 2 in Andhra Pradesh) and expecting another 5-6 stores by end of March FY '27.
Intent to enter new geographies post Q1 FY '27, specifically targeting Odisha and Western UP, with evaluation of other regions in Southern, Western, and Eastern markets.
New stores in Delhi region under construction, including locations like Saket, Golf Course, and Gurgaon, expected to add around 6-7 stores soon.
Expansion strategy favors rental models rather than ownership for new locations, especially in Delhi and new geographies.

2 more points management made on capital expenditure plans

Top-ranked in Retailing

Ranked on what management guided this quarter

5x potential

1V2 Retail₹7.8K Cr

Rev 1Mar 3

2Entero Healthcar₹7.9K Cr

Rev 2Mar 2

3₹689 Cr

Rev 2Mar 2

4₹3.2L Cr

Rev 2Mar 3

5₹1.2L Cr

Rev 2Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

From the transcript on pages 2-24 of the Electronics Mart India Limited Q3 and FY '26 Earnings Call (February 9, 2026), there is no explicit mention of any current or planned new fundraising through debt or equity. However, some indirect information includes: - Management discussed retaining funds raised earlier, with promoter stake at about 65%, expressing intent to possibly buy back shares for confidence-building but no committed buyback at this time (Pages 22-24). - There were mentions of ongoing investor meetings in coming months and potential decisions on promoter share purchases before Q1 results but no formal announcement of a new raise (Page 23).

2 more points management made on fundraising & capital structure

See what Electronics Mart India Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided transcript from the Electronics Mart India Limited Q3 and FY '26 Earnings Conference Call does not explicitly mention the current or expected order book or pending orders. Key points related to inventory and demand include: - Inventory buildup ahead of the summer season, particularly cooling products like air conditioners (around 250,000 units ready). - Preparedness for good volume demand across categories in the upcoming quarters.

2 more points management made on order book & pipeline

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. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Electronics Mart's management said in earlier quarters

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Frequently Asked Questions

What were Electronics Mart India Ltd Q3 FY26 results?

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?

Plans to expand store count with new store openings: added 4 stores in Q3 FY '26 (2 in NCR, 2 in Andhra Pradesh) and expecting another 5-6 stores by end of March FY '27.

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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.