Bajaj Electricals Limited — Investor Meet, 26-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Bajaj Electricals reported modest Q4FY26 results. Lighting Solutions delivered strong performance with 16% revenue growth and an 8.7% EBIT margin, ending the year with an 8.5% annual EBIT margin. The Consumer Products vertical recorded a loss, impacted by a delayed summer and inventory correction, though kitchen appliances saw double-digit growth. The company ended FY26 with INR 934 crores cash and negative working capital.

Management outlined plans for significantly reduced capex in FY27/28 and increased investments in brands and innovation. The new wires category has shown robust market traction. Inventory levels are largely normalized, with some coolers still slightly elevated. The focus is on achieving profitable growth ahead of the market, targeting industry-average margins (6-9%), with BLDC fans identified as a key area for improvement. Management expressed cautious optimism for a better upcoming year.