Bajaj Electricals has submitted the transcript of its Q4FY26 Earnings Call, which was held on Wednesday, May 20, 2026, at 4:30 P.M. IST. The call, organised by ICICI Securities Limited, discussed the annual audited financial results for the financial year ended March 31, 2026. The company recommended a final dividend of ₹3 per share, representing 150% of the face value of ₹2 each, to celebrate 100 years of the Bajaj Group.

The Lighting Solutions vertical delivered a strong performance, with EBIT increasing by 28% year-on-year in Q4FY26. The vertical ended the year with its highest-ever annual EBIT margin of 8.5%. Revenue in this vertical grew by 16% in Q4FY26, with an annual turnover expansion of 9.5%. The foray into the wires category witnessed a robust market response. In contrast, the Consumer Products vertical reported a loss for the quarter due to operating deleverage and a delayed onset of the summer season, though kitchen appliances like induction cooktops and mixers delivered double-digit growth.

Financial and Operational Highlights

The company generated positive cash flow from operations, ending the year with cash reserves of ₹934 crores. It continues to operate at negative working capital, providing financial flexibility for growth investments. Price increases ranging from 3% to 10% were implemented in Q4FY26 and April to mitigate commodity inflation, with further hikes announced in May. The operating cash flow for the quarter was around ₹400 crores, driven by improvements in inventories and trade receivables.

Management Commentary and Outlook

Management highlighted that the company is progressing on a journey of cultural and structural change to balance demand-led sell-through with volume-led push. While the near-term outlook is constructive, the long-term stance remains cautiously optimistic. The Board has decided to maintain the dividend rate at the previous year's level. The filing was submitted by Prashant Anant Dalvi, Chief Compliance Officer & Company Secretary, under Regulation 30 of the SEBI Listing Regulations.

Bajaj Electricals Limited has announced the grant of 11,725 Performance Stock Options under its 'Performance Stock Option Plan 2023' (PSOP Plan 2023) to one eligible employee. The Nomination and Remuneration Committee of the Board of Directors approved this grant at its meeting held on May 15, 2026, in accordance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Key Details of the Stock Option Grant

The following table outlines the significant parameters of the stock option grant as disclosed by the company:

Plan Structure and Compliance

The PSOP Plan 2023 is fully compliant with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The exercise price of the options has been set equal to the face value of the company's equity shares, i.e., Rs. 2/- per equity share. The exercise period for the granted options is two years from the date of respective vesting, except for specific events outlined in the PSOP Plan 2023.

The significant terms of the PSOP Plan 2023 were disclosed in the Explanatory Statement forming part of the Postal Ballot Notice dated November 6, 2023, accessible on the company's investor relations website. The grant disclosure was filed in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The filing was signed by Prashant Dalvi, Chief Compliance Officer and Company Secretary of Bajaj Electricals Limited.