Onida Electronics Delivers Healthy Top-Line Growth in Q1 FY27 Led by LED and Air Conditioner

Onida Electronics Delivers Healthy Top-Line Growth in Q1 FY27 Led by LED and Air Conditioner​

Onida Electronics Limited, formerly known as MIRC Electronics Limited, has reported unaudited financial results for the quarter ending June 30, 2026. The company, a leading consumer electronics manufacturer in India, announced strong revenue growth driven by its branded portfolio, particularly in the LED television and air conditioner segments.

The business momentum saw improvement across the board during the quarter, supported by an improved product mix that contributed to higher gross margins. Furthermore, Onida Electronics completed its corporate name change from MIRC Electronics Limited to Onida Electronics Limited, aligning its corporate identity with its flagship brand.

Financial Performance Snapshot​

The company's financial performance highlights show robust growth in revenue and total income compared to the same period last year.

Key Financial and Operational Highlights​

Onida Electronics recorded a 29.5% year-on-year growth in Revenue from Operations, reaching ₹182.4 crore. Total Income rose by 30.6% year-on-year to ₹184.8 crore.

The company saw overall Gross Margin improve to 17.3%, up from 16.3% in Q1 FY26, thanks to a favorable product mix. Branded Gross Margin also improved to 17.9% from 17.0% in the corresponding quarter of the previous year. The company maintained stable finance costs despite increased business activity.

Operationally, LED televisions emerged as a key growth driver, registering 56.8% year-on-year growth, supported by new product introductions and promotional initiatives. The Air Conditioner business recorded 39.2% year-on-year growth, reflecting market traction and recovery in seasonal demand. Overall branded sales achieved a strong 35.8% year-on-year increase, driven by robust demand across key product categories.

Management Commentary​

Commenting on the performance, Gunjan Srivastava, Chief Executive Officer & Managing Director of Onida Electronics Limited, stated that the first quarter reflected disciplined execution and encouraging momentum in core product categories.

"Healthy growth in the branded business, supported by strong demand for LED televisions and Air Conditioners, along with improved gross margins, provides a solid foundation for the year ahead," Srivastava said. "We remain focused on product innovation, delivering differentiated consumer experiences, enhancing operational efficiency and building a stronger, more agile business that is well positioned to capitalize on opportunities in India's growing consumer durables market."

Onida Electronics Limited, which has operated for over four decades, offers a comprehensive portfolio of consumer durable products under the Onida brand, including televisions, air conditioners, washing machines, and microwave ovens.

ONIDA Stock Price Movement​

Shares of Onida Electronics Limited are edging higher to ₹39.00 as of 10:55 AM, successfully gaining 1.62% in live trading. This upward momentum is backed by a total traded volume of 147,746 shares during the session.