Electronics Mart India Limited reported a standalone net profit of ₹121 crore for the quarter ended June 30, 2026, marking a 458% year-on-year increase. The retailer’s revenue from operations rose 38.36% to ₹2,419 crore, significantly surpassing its full-year FY27 guidance of 15% growth. This strong performance was underpinned by robust same-store sales growth (SSSG) of 34.2% and expanded EBITDA margins of 9.9%, reflecting improved operational leverage across its South and North clusters.

The Board of Directors approved the unaudited financial results on August 7, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Walker Chandio & Co. LLP, the statutory auditor, issued a limited review report confirming that the statements comply with Ind AS 34. Chairman & Managing Director Pavan Kumar Bajaj and CEO Karan Bajaj highlighted that the margin expansion resulted from an improved product mix and higher throughput as newer stores mature.

Financial Performance Highlights

Revenue from operations stood at ₹2,419 crore, up from ₹1,739.39 crore in Q1FY26. Gross profit grew 65% year-on-year to ₹417 crore, with gross profit margins expanding to 17.2%. EBITDA reached ₹239 crore, a 118% increase, with EBITDA margins improving to 9.9% from 6.33%. Profit after tax (PAT) surged to ₹121 crore from ₹21.64 crore in the corresponding quarter of the previous fiscal year.

The product mix for the quarter consisted of mobiles at 39%, large appliances at 48%, and small appliances, IT, and others at 13%. The company added four new stores during the quarter, bringing its total store count to 227 across 100+ cities. Average ticket size rose 2.0% to ₹23,474, while bill cuts increased by 36.0% to 982,000.

Cluster-Wise Performance and Operational Metrics

The South Cluster continued to operate as a scaled, profitable engine, with revenue growing 40% year-on-year and an EBITDA margin of 10.9%. The North Cluster also showed improvement, with revenue rising 29% and EBITDA margins increasing to a record 4.9% as more stores matured. Management noted that the North Cluster, which began operations in 2022, is scaling aggressively following the strategy that drove success in the South.

Operational efficiency was further evidenced by the performance of mature versus non-mature stores. Mature stores (older than four years) contributed ₹1,628 crore in revenue with an EBITDA margin of 11.2%, while non-mature stores generated ₹676 crore with an 8.1% margin. CEO Karan Bajaj attributed the overall margin expansion to operating leverage playing out as throughput increased across newer stores.

What the Numbers Show

The disproportionate growth in net profit relative to revenue highlights significant operational leverage. While revenue grew 38.36%, PAT surged 458%, suggesting that fixed costs are being spread over a larger sales base, thereby boosting profitability. The broad-based margin expansion — with gross profit, EBITDA, and net profit margins all improving — indicates effective cost control and a shift towards higher-margin products. Notably, the revenue growth of 38.36% significantly exceeded the company's own FY27 guidance of 15%, reflecting stronger-than-anticipated demand and execution. The maturation of the North Cluster, now contributing positively with a 4.9% EBITDA margin, signals successful replication of the South Cluster's model.

Electronics Mart India Limited will attend an investor conference in Hong Kong on August 13, 2026, providing institutional investors with an opportunity to engage with company management. The event, organized by Nuvama Institutional Equities, is scheduled to begin at 9:00 AM local time and will take the form of a group meeting. This engagement allows market participants to discuss the company’s performance and outlook, although all discussions are confined to publicly available information.

The disclosure was made pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, which mandates timely communication of material events to stock exchanges. Electronics Mart India Limited submitted the intimation to both the National Stock Exchange of India Limited and BSE Limited on August 5, 2026. The filing ensures transparency regarding management’s availability for investor interactions during this period.

Meeting Details

The specific parameters of the upcoming investor interaction are outlined below:

Regulatory Compliance and Scope

Rajiv Kumar, Company Secretary and Compliance Officer of Electronics Mart India Limited, signed the disclosure document. The filing explicitly states that any changes to the schedule may occur due to exigencies on the part of participants or the company. Investors are advised that the discussions will not include any unpublished price-sensitive information, adhering to regulatory standards for fair disclosure. The company has requested the exchanges to record this information for the benefit of members and the public at large.