BEBajaj Electricals500031Quarterly results

Q2 FY'27 presentation: revenue 1,123 crore, PAT 26 crore

Q2 FY'27 presentation: revenue 1,123 crore (+1.5% YoY), EBIT 50 crore, PBT 35 crore, PAT 26 crore vs 10 crore.

By ScoutQuest · Wed 28 Oct 2026, 3:10 PM IST · 3 min read

Revenue

1,123 crore (+1.5% YoY)

PAT

26 crore vs 10 crore

EBIT

50 crore; Consumer Products EBIT 34 crore; Lighting Solutions EBIT 8 crore vs 22 crore

The company has shared its investor presentation covering the unaudited results for the second quarter and half year ended September 30, 2026. It sets out revenue, margins, segment results, cash flow and the company's own commentary on what moved in the quarter.

Topline and profit

• Revenue from operations: 1,123 crore in Q2 FY'27 against 1,107 crore in Q2 FY'26, a rise of 1.5%
• Gross margin: 358 crore against 352 crore, up 1.8%
• EBIT: 50 crore against 33 crore, up 51.2%; EBIT margin c.4.4% against 3.0%
• PBT: 35 crore against 16 crore, up 127.4%
• PAT: 26 crore against 10 crore; PAT margin 2.3% of revenue against 0.9%
• Gross margin for the quarter is shown at c.31.9% of revenue

Cost lines the company commented on

• Staff cost 86 crore, down (19.6%), described as a phasing impact
• Other expenses 206 crore, up 12.2%, with advertising and promotion at c. 3.8% of revenues, up by 150bps YoY
• Finance cost 15 crore, up 21.1%, including interest on vendor financing of c. INR 10 Cr and interest on lease liability of c. INR 3 Cr
• Other income 13 crore, up 70.3%, including treasury yield of c. INR 8 Cr

Segment picture

• Consumer Products: revenue 853 crore, up 2.4%; EBIT 34 crore at 4.0%, against 7 crore at 0.9% in Q2 FY'26
• Lighting Solutions: revenue 271 crore, down (1.3%); EBIT 8 crore at 3.1%, against 22 crore at 7.9% in Q2 FY'26
• Consumer Products commentary points to double-digit growth in kitchen appliances (induction cookers), water heaters and steam irons, with degrowth in MR and fans, while premium and BLDC fans grew
• Consumer Products EBIT margin is described as improved margin quality, at c. 4%, or 5.6% adjusted for incremental brand investments
• Lighting Solutions margin is attributed to product mix impact and operating deleverage; consumer lighting grew in double digits on new categories (wires and switchgear), while professional lighting saw degrowth due to phasing in the timing of projects

Channels and balance sheet

• General Trade saw a drop of c.3% YoY; the alternate channel grew c.7% YoY, with double-digit growth in E-com and high double-digit growth in exports
• Cash & cash equivalents plus surplus investments: c. INR 845 Cr as on September 30, 2026
• H1 FY'27 net cash from operating activities: (50) crore, after a working capital deployment of (179) crore, mainly into inventories of c. INR 171 Cr in seasonal categories
• H1 FY'27 investing activities brought in 36 crore, helped by sale proceeds from certain immovable properties of c. INR 27 Cr
• Dividend paid: INR 3/share, amounting to c. INR 35 Cr

What a reader can take away

Profit growth in this quarter is faster than sales growth, with EBIT up 51.2% and PAT rising to 26 crore from 10 crore, while total revenue rose 1.5%. The two segments moved in opposite directions on profitability: Consumer Products EBIT rose to 34 crore from 7 crore, while Lighting Solutions EBIT fell to 8 crore from 22 crore. The presentation also flags the company's focus on cost optimisation, including variable cost, spending as you earn and ring-fencing cost. The figures are unaudited and the segment explanations are the management's own.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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