Bajaj Electricals Limited — Investor Meet, 06-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Bajaj Electricals faced Q2 challenges from GST uncertainties and early monsoons, leading to a 4% revenue decline in Consumer Products due to high summer product channel inventory. Non-seasonal products showed single-digit growth. Lighting Solutions, however, delivered a strong 9.6% revenue growth with EBIT up 46% to 22 Cr. The B2B lighting order book, currently at 178 Cr, is not a concern as new orders compensate. Strategic initiatives include the Switchgears launch and the Morphy Richards brand acquisition for dual-brand architecture. Management is cautiously optimistic, focusing on top-line growth and market share.