Earning Call Transcript

AI summary - Q1 FY27 consolidated revenue grew 11.8% YoY to Rs. 2,235 Cr; EBITDA Rs. 224 Cr (+14.2% YoY) with 10% margin (+20 bps); PAT Rs. 143 Cr (+15.2%) with 6.4% margin - ECD segment revenue up 10.6% YoY; BLDC fans grew ~45% with 5 new launches; water heaters gained leadership in General Trade - Lighting revenue grew 15.4% YoY; B2C margins expanded, B2B margins contracted; EBIT margin 12% - Butterfly revenue up 14% (18% excluding internal sales); EBIT margin 4.2% (+19.5% YoY) - Pricing interventions covered ~80% of inflation; operating leverage and cost initiatives aided margin expansion - Supply constraints largely resolved by quarter-end; Q2 started strong - Solar rooftop order book ~Rs. 500 Cr; execution ramping with revenue recognition expected in Q2 - Wires launched in 14 cities; early stage with large growth potential - Capex disciplined; Rs. 350 Cr planned for greenfield manufacturing over 2-3 years - Brand transformation underway with launch events planned Aug 18 and investor event Aug 20 - Management confident on demand, margin protection, and ROCE despite volatile commodity environment