{"id":180007,"date":"2026-02-09T05:18:57","date_gmt":"2026-02-09T10:18:57","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=180007"},"modified":"2026-02-09T05:19:00","modified_gmt":"2026-02-09T10:19:00","slug":"electronics-mart-india-limited-reports-q3-fy26-growth-in-revenue-margins-steady-amid-expansion","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/electronics-mart-india-limited-reports-q3-fy26-growth-in-revenue-margins-steady-amid-expansion\/","title":{"rendered":"Electronics Mart India Limited reports Q3 FY26 growth in revenue; margins steady amid expansion"},"content":{"rendered":"\n<p><strong>Electronics Mart India Limited (NSE: EMIL, BSE: 543626)<\/strong> reported its business and financial performance for the third quarter and nine months ended Dec. 31, 2025, showing moderate revenue growth and stable operating margins as the company continued store expansion across southern India and NCR, according to its investor presentation.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"508\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-66.png\" alt=\"\" class=\"wp-image-180009\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-66.png 940w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-66-300x162.png 300w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-66-768x415.png 768w\" sizes=\"auto, (max-width: 940px) 100vw, 940px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Q3 FY26 financial performance<\/h2>\n\n\n\n<p>For the quarter, <strong>revenue from operations rose 7% year on year to Rs 1,939.7 crore<\/strong>, compared with Rs 1,805.0 crore in Q3 FY25. <strong>Gross profit increased 8% to Rs 277.7 crore<\/strong>, with the <strong>gross margin stable at 14.3%<\/strong>.<\/p>\n\n\n\n<p><strong>EBITDA stood at Rs 118.9 crore<\/strong>, compared with Rs 101.6 crore a year earlier, reflecting operating leverage from higher sales volumes. The <strong>EBITDA margin improved to 6.1%<\/strong> from 5.6% in Q3 FY25.<\/p>\n\n\n\n<p><strong>Profit after tax (PAT) declined to Rs 29.6 crore<\/strong> from Rs 33.5 crore a year earlier, impacted by a <strong>one-time exceptional charge related to the adoption of new labour codes<\/strong>, mainly due to higher gratuity provisioning. The <strong>PAT margin was 1.5%<\/strong>, compared with 1.9% in the year-ago period.<\/p>\n\n\n\n<p>Operational metrics for the quarter included <strong>789,000 bill cuts<\/strong> and an <strong>average ticket size of Rs 23,616<\/strong>. Same-store sales growth was <strong>2.5%<\/strong>, and the company added <strong>four net new stores<\/strong> during the quarter.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Nine-month FY26 performance<\/h2>\n\n\n\n<p>For the nine months ended Dec. 31, 2025, <strong>revenue from operations increased 4% year on year to Rs 5,270.0 crore<\/strong>. <strong>Gross profit was Rs 754.8 crore<\/strong>, with a <strong>gross margin of 14.3%<\/strong>.<\/p>\n\n\n\n<p><strong>EBITDA declined to Rs 310.5 crore<\/strong> from Rs 343.7 crore in the prior-year period, reflecting higher operating costs and expansion-related expenses. The <strong>EBITDA margin was 5.9%<\/strong>, compared with 6.8% a year earlier.<\/p>\n\n\n\n<p><strong>PAT for the nine-month period fell to Rs 67.4 crore<\/strong> from Rs 133.8 crore, also impacted by exceptional items linked to labour code changes. The <strong>PAT margin stood at 1.3%<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Cluster performance and store network<\/h2>\n\n\n\n<p>Cluster-wise performance showed higher growth in newer geographies. <strong>North cluster sales increased 30% year on year in Q3 FY26<\/strong>, while the South cluster reported <strong>6% growth<\/strong>. Store-level EBITDA margins in the South cluster were higher at <strong>6.2%<\/strong> for 9M FY26, compared with <strong>0.5%<\/strong> in the North cluster, reflecting the early stage of expansion in northern markets.<\/p>\n\n\n\n<p>As of December 2025, Electronics Mart India operated <strong>219 retail stores<\/strong> across <strong>94 cities in six states<\/strong>, with a retail area of <strong>1.9 million sq. ft.<\/strong> The network comprised <strong>211 multi-brand outlets (MBOs)<\/strong> and <strong>8 exclusive brand outlets (EBOs)<\/strong>. The company added <strong>19 net new stores<\/strong> during the nine-month period.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Cash flow and balance sheet<\/h2>\n\n\n\n<p>Cash flow from operations improved to <strong>Rs 607 crore as of December 2025<\/strong>, compared with Rs 545 crore a year earlier. The company reported <strong>cash and cash equivalents of Rs 21 crore<\/strong> at the end of the period. <strong>Return on capital employed (RoCE) was 11.0%<\/strong> and <strong>return on equity (RoE) was 5.8%<\/strong> on an annualised basis.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Business mix and strategy<\/h2>\n\n\n\n<p>Mobiles accounted for <strong>42% of Q3 FY26 revenue<\/strong>, followed by large appliances at <strong>44%<\/strong>, and small appliances, IT and others at <strong>14%<\/strong>. Management said it continues to focus on a cluster-based expansion strategy, strengthening its presence in NCR and expanding into Western Uttar Pradesh, while aiming to improve store productivity and margins as newer stores mature.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Summary<\/h2>\n\n\n\n<p>Electronics Mart India delivered moderate revenue growth in Q3 FY26, supported by steady same-store sales and store additions. Operating margins improved at the EBITDA level, while reported profit was affected by a one-time labour code-related charge. The company continued to expand its store network in newer clusters, where margins remain lower but are expected to improve as scale builds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Electronics Mart India Limited (NSE: EMIL, BSE: 543626) reported its business and financial performance for the third quarter and nine months ended Dec. 31, 2025, showing moderate revenue growth and stable operating margins as the company continued store expansion across southern India and NCR, according to its investor presentation. Q3 FY26 financial performance For the [&hellip;]<\/p>\n","protected":false},"author":2409,"featured_media":125269,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5,1941,392,5753],"tags":[16024,16031,14557,14565,16027,15995,16028,16025,15062,10089,16026,14561,16029,16030],"class_list":["post-180007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-stock-analysis","category-earnings","category-industrials","tag-bse-543626","tag-consumer-electronics-retail","tag-corporate-earnings","tag-ebitda-margin","tag-electronics-mart-india","tag-investor-presentation","tag-nse-emil","tag-pat-decline","tag-q3-fy26-results","tag-quarterly-earnings","tag-retail-business-india","tag-revenue-growth","tag-same-store-sales-growth","tag-store-expansion"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":179997,"url":"https:\/\/alphastreet.com\/india\/sportking-india-limited-posts-q3-fy26-profit-growth-revenue-rises-on-export-demand\/","url_meta":{"origin":180007,"position":0},"title":"Sportking India Limited posts Q3 FY26 profit growth; revenue rises on export demand","author":"Staff Correspondent","date":"February 9, 2026","format":false,"excerpt":"Sportking India Limited (NSE: SPORTKING, BSE: 539221) reported higher revenue and profit for the quarter ended Dec. 31, 2025, supported by export demand and high capacity utilisation across its spinning operations, according to the company\u2019s investor presentation. 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