Bajaj Electricals Limited — Investor Meet, 12-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Bajaj Electricals' Q1FY26 saw seasonal consumer product sales hit by unseasonal rains; Fans had a double-digit decline, and Coolers were down ~45%. Non-seasonal revenues rose high single digits. Lighting Solutions performed strongly with a 10.6% EBIT margin and single-digit value growth, boosted by a premium product mix. Overall EBIT was 2.5%. The company is entering synergistic switchgear products and restructuring its Nirlep business. Management considers Q1 a 'one-off' setback, maintaining focus on brand investments, market share growth, and operational efficiencies. They express confidence for stronger performance in upcoming quarters. B2B Lighting's order book is Rs. 210 Cr.