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Onida Electronics Limited held an earnings conference call to discuss Q1 FY27 results. Management discussed their strategy for affordable premiumization, innovation-led product development, and deeper market penetration. Key operational updates included a 35.8% YoY growth in the branded business, driven by strong LED TV and AC performance. Revenue from operations grew 29.5% YoY to Rs. 182.4 Cr, with gross margins improving to 17.3%. The company reported a loss of Rs. 14.2 Cr. Management is focused on improving profitability and operational performance.
The company plans to double its retail reach in 6-12 months and achieve retail excellence in 800-1000 outlets by year-end. They are strengthening existing product lines, with new launches like a 100-inch QD Mini-LED TV. Management highlighted a renewed focus on customer service and expanding the institutional business. The overall sentiment is cautiously optimistic about future growth and market opportunities.