Bajaj Electricals Q3 FY26 results (Oct–Dec 2025) and concall

Consumer Durables · Concall AI · Call held 9 Feb 2026

Company page: Bajaj Electricals share price, financials & guidance record

Bajaj Electricals reported a mixed Q3 FY26, with strong performance in Lighting Solutions (9% revenue growth, 7% EBIT) offset by a significant 25% revenue decline in Consumer Products. The Consumer Products segment faced negative EBIT margins due to a strategic, deliberate channel inventory normalization and promotional activities aimed at improving channel health. Management expects normalization to complete in about a quarter, with overall margin improvement starting Q4 FY26 and substantial improvement in FY27. The company generated strong operating cash flow and maintains a healthy cash bal

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What they filed

Q3 FY26: revenue down 18.5%, net profit down 187.9% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26
Revenue	1,118	1,290	1,265	1,065	1,107 −1%	1,051 −19%
Expenses	1,067	1,202	1,172	1,031	1,045	1,038
EBITDA	52	87	93	33	62 +19%	13 −85%
Margin	5%	7%	7%	3%	6%	1%
Other income	15	13	38	24	8	-14
Interest	17	19	18	18	13	13
Depreciation	35	36	41	37	37	35
Profit before tax	15	45	71	2	20 +33%	-49 −209%
Tax rate	12%	27%	17%	27%	28%	-41%
Net profit	13	33	59	2	15 +15%	-29 −188%
EPS	1.12	2.89	5.12	0.14	1.27	-2.53

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.

What they filed

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