Orient Electric Limited — Investor Meet, 30-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Orient Electric reported Q3 FY'26 revenue of ₹906.5 Cr, up 11% YoY, with strong ECD segment growth of 12.6% YoY, led by appliances. Exports surged 40%. Gross margin was 29.8%, impacted by high copper prices, while operating EBITDA margin held stable at 7.5%. A 3-3.5% price hike in January across fans, lighting, and switchgear aims to offset rising costs.

Management noted decent single-digit fan growth despite industry softness, with premium BLDC models growing over 30% and now comprising >30% of domestic Ceiling Fan sales. New BEE Star norms are expected to accelerate BLDC adoption, with a target to increase premium fan mix to 45% in the next two seasons. The company remains focused on premiumization, cost efficiencies, and strategic growth in BLDC, luminaires, heating, switchgear, and wires. The outlook is optimistic for a strong summer and achieving double-digit operating margins.