Q3 2025 Bajaj Electricals Ltd Earnings Call Transcript
Key Points
- Bajaj Electricals Ltd (BOM:500031) reported a 5% increase in revenue from operations, reaching INR1,290 crores compared to INR1,228 crores in the same quarter of the previous year.
- The Consumer Products division showed strong momentum with an 8.5% revenue growth year-over-year, driven by robust festival demand.
- The company achieved a profit before tax growth of approximately 21% on a like-to-like basis, excluding one-time impacts from the previous year.
- Bajaj Electricals Ltd (BOM:500031) has regained market share in certain appliance categories on a quarter-on-quarter basis.
- The company generated INR83 crores of positive cash flow from operations and ended the quarter with surplus funds of INR423 crores, indicating strong financial health.
- The Lighting Solutions business experienced a revenue contraction of 7.5% due to price erosion, impacting operating leverage.
- EBIT margins for the Lighting Solutions segment decreased to 2.1% from 8.4% in the corresponding quarter of the previous year.
- Price erosion in the lighting segment is expected to continue for the next few quarters, affecting profitability.
- The company faces challenges in the MFI and government channels, which have underperformed during the quarter.
- Kitchen appliances continue to face stress at the industry level, with demand remaining muted.
Ladies and gentlemen, good day, and welcome to the Bajaj Electricals Q3 FY '24, '25 Earnings Conference Call hosted by Ambit Capital Private Limited.
(Operator Instructions) Please note that this conference is being recorded. . I now hand the conference over to Mr. Yash Chen from AMBIT Capital Private Limited.
Thank you, and over to you, sir.
Thank you. Hi. Good evening, everyone. On behalf of AMBIT Capital, I welcome you all to Q3 FY25 earnings call of Bajaj Electricals Limited. From the management side today, we have Mr.
Shekhar Bajaj, the Chairman; Mr. E.C. Bajaj, CFO; Mr. Vishal Chadda, Chief Operating Officer for Consumer Products; and Mr. Rajesh Nayak, the Chief Operating Officer of Lighting Solutions.
Thank you, and over to you, sir.
Thank you. This is Shekhar Bajaj. Good evening, ladies and gentlemen. Thank you for attending our Q3 earnings call and wish you
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