IFB Industries Limited — Q2FY27 earnings call summary

Filed 10 November 2026 · Official transcript

EBITDA margin target of 10% in appliances challenged by commodity and forex; cost innovation ongoing
Capex of INR103 Cr planned for EV manufacturing in engineering; no demerger plans
Q2 FY27 revenue grew 14.04% to INR1,512 Cr; PAT declined 20.5% y-y to INR39.56 Cr
Appliances division margin impacted by 4.3% increase in BOM cost; price hikes lag commodity inflation
Market share maintained in washers, refrigerators, ACs; front loader segment growing with product gap at 12kg
Associate IFB Refrigeration loss increased due to higher material costs
Engineering division growth driven by fine blanking and stamping; EV product plant in Gujarat commissioning by late 2027
Sales promotion expenses down to 4.58% of revenue YTD; focus on weighted distribution and key counters