Bajaj Electricals Reports Q4 FY26 and Full Year FY26 Financial Results

Bajaj Electricals Reports Q4 FY26 and Full Year FY26 Financial Results​

Bajaj Electricals Limited has released its financial results for the fourth quarter and the full financial year ended March 31, 2026. The company's performance shows varying trends across its core segments, Consumer Products and Lighting Solutions, while cash flow from operations remained strong.

Q4 FY26 Performance Overview​

For the fourth quarter of FY26, the company reported a Total Revenue from Operations of 1,240 INR Cr, a slight decline of 2.1% compared to Q4 FY25 (1,265 INR Cr). The Gross Margin stood at 364 INR Cr, marking a 7.6% decline year-over-year.

Profit After Tax (PAT) for Q4 FY26 was (68) INR Cr, compared to a PAT of 59 INR Cr in Q4 FY25.

Segment performance analysis showed that the Lighting Solutions (LS) segment saw commendable growth, posting a 15.6% year-over-year increase, bringing its EBIT to 27 INR Cr. Conversely, the Consumer Products (CP) segment experienced a 6.9% decline, with an EBIT of (7) INR Cr.

Q4 FY26 Key Financial Metrics (INR Cr)​

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Full Year FY26 Financial Snapshot​

On a full-year basis, the company recorded a Revenue from Operations of 4,462 INR Cr for FY26, down 7.6% from the 4,828 INR Cr reported in FY25.

Gross Margin decreased by 8.6% to 1,365 INR Cr. The company's EBIT for the full year was 72 INR Cr, significantly lower than the 218 INR Cr recorded in FY25. Similarly, PAT stood at (91) INR Cr, a steep decline from the 133 INR Cr reported in the previous fiscal year.

FY26 Segment Revenue and Results (INR Cr)​

The segment data highlights the contrasting trends:


The Lighting Solutions segment posted a 9.5% year-over-year growth in revenue, supporting its 8.5% EBIT margin. In contrast, the Consumer Products segment saw a revenue decline of 12.2% and operated with a negative EBIT of (1.5%).

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Operational and Financial Highlights​

Sales and Market:
The Consumer Products segment's revenue decline was attributed to a drop in Fans and Domestic appliances, which offset strong double-digit growth witnessed in Kitchen appliances. Meanwhile, the Lighting Solutions segment reported that its growth was driven by a higher mix of wires and switchgears in Consumer Lighting, supplemented by steady order book growth in Professional lighting.

Balance Sheet and Cash Flow:
Financially, the company reported strong liquidity metrics, noting a healthy cash flow from operations of (c.) INR 397 Cr and a robust balance sheet with C&CE and surplus investments valued at (c.) INR 934 Cr. The company maintained a negative working capital.

For FY26, the Cash Flow from Operating Activities (CFO) was positive at 619 INR Cr. This positive CFO was primarily attributed to the improvement in working capital, resulting from a reduction in debtors and inventories.

The capital deployment activities included a Capital Expenditure of (85) INR Cr for the acquisition of the Morphy Richards brand, alongside investments in fixed deposits and mutual funds.

New Launches and Projects​

On the product front, Bajaj Electricals launched new Consumer Products, including the Bajaj 3000TMC (30L) OTG. This appliance features a 30L capacity, 1500W power, an illumination chamber, and a motorized Rotisserie set, and has a BIS approval and a two-year warranty.

In the Professional Lighting sector, the company successfully undertook various projects. Industrial lighting projects were completed at Shivam Packaging, Vapi, and Waaree Energies. Street lighting projects were executed at the Dipti Signal Road Over Bridge in Nagpur, and façade lighting work was completed at NRDA and Lakadganj Bridge, both located in Nagpur.

BAJAJELEC Stock Price Movement​

As of 12:32 PM, shares of Bajaj Electricals Limited are slumping by 8.39% in live trading, currently holding at ₹360.10. The equity is experiencing heavy intraday movement, with 337,778 shares traded so far.