Orient Electric is one of the leading consumer electrical brands in India with a diverse portfolio of fans, lighting, home appliances and switch-gears. The company takes pride in its R&D capabilities, spirit of continuous innovation and commitment to manufacturing cutting-edge lifestyle electrical products that meet the needs and expectations of modern consumers. Presenting below are its Q2 FY26 earnings results.
Q2 FY26 Earnings Results
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Revenue from Operations: ₹702.61 crore, up 6.4% YoY from ₹660.15 crore in Q2 FY25, reflecting a resilient performance amid transitional challenges such as GST reforms and extended monsoon conditions.
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Profit After Tax (PAT): ₹12.06 crore, up 15.5% YoY from ₹10.44 crore in Q2 FY25, though down 31.1% QoQ from ₹17.52 crore in Q1 FY26 due to seasonal softness in the fans segment.
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Profit Before Tax (PBT): ₹16.30 crore, up 14.5% YoY from ₹14.23 crore.
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EBITDA: ₹37.9 crore, up 6.4% YoY from ₹35.6 crore; EBITDA margin remained flat at 5.4%, stable YoY.
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Gross Margin: 31.5%, slightly below the company’s target range of 32–34%, due to higher input costs and promotional schemes in the fan segment.
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Segmental Performance:
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Electrical Consumer Durables (ECD): Revenue ₹440.91 crore (+0.3% YoY), led by stable fan and small appliances performance despite weather disruptions.
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Lighting & Switchgear: Revenue ₹261.70 crore (+18.6% YoY), driven by strong growth in LED, wires, and new switchgear solutions.
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EPS: ₹0.56 vs ₹0.49 YoY.
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Capex: Moderate investment in automation and backward integration for manufacturing efficiency.
Management Commentary & Strategic Insights
Ravindra Singh Negi, MD & CEO, Orient Electric:
“Despite a transitional quarter shaped by GST reforms and incessant rains, Orient Electric delivered a resilient performance, driven by strong execution across emerging categories and focus on premiumization. The Lighting, Switchgear, and Wires portfolio delivered industry-leading growth of 18.6%, validating our strategy for diversification and expansion. We continue to invest in brand building, digital transformation, and operational efficiency to sustain profitable growth going forward.”.
Strategic Initiatives:
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Fan Price Hike: Plans to increase fan prices by 3–4% in Q3 FY26 to mitigate margin pressures following new BEE Star Rating norms.
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Innovation Focus: New products accounted for over 34% of fan sales in FY26 YTD, reflecting success in design-led differentiation.
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Cost Optimization: “Spark Sanchay” cost-efficiency initiative saved ₹24 crore in H1 FY26 through supply chain optimization and waste reduction.
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Distribution Expansion: DTM (Direct-to-Market) footprint expanded to more Tier-2 and Tier-3 cities, boosting reach and assortment availability.
Q1 FY26 Earnings Results
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Revenue: ₹771.56 crore, up 15.2% YoY, and a sequentially stronger quarter due to seasonal demand for fans and air-coolers.
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PAT: ₹17.52 crore, up 43.9% YoY, supported by operating leverage in the ECD segment.
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EBIT: ₹29.11 crore (margin 3.8%), improved from 3.1% YoY.
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Gross Margin: 32.4% (near target range), benefiting from higher premium product share and efficiency programs.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.