Inflame Appliances Limited has delivered robust financial performance for FY26, demonstrating strong growth across key operational metrics. The kitchen appliances manufacturer reported significant expansion in both revenue and volumes, supported by improved operational efficiency and market positioning.

Financial Performance Overview

The company's financial results showcase consistent growth momentum across different reporting periods:

The full-year revenue growth of 45% to ₹156.6 crore represents the company's strongest annual performance, while H2FY26 showed particularly robust momentum with 46% growth to ₹80.2 crore.

Volume Growth and Market Expansion

Chimney volumes demonstrated impressive expansion across all reporting periods:

The company achieved full-year volume growth of 38% to 2,68,572 units, with H2FY26 showing exceptional momentum at 52% growth. Management noted significant spillover demand in April due to pent-up demand from Q4FY25, indicating sustained market interest.

Operational Efficiency Improvements

Key operational metrics showed substantial improvement:

• Blended realisations: Increased approximately 14% year-on-year in FY26, driven by better pricing strategies and favourable product mix across manufacturing plants
• Capacity utilisation: Improved to 45% in FY26 from 32% in the previous year, with Q4 FY26 reaching 39% compared to 32% last year
• Operating leverage: Enhanced through better capacity utilisation across both manufacturing facilities

Management Commentary

CEO Amit Kaushik highlighted the company's strategic focus: "We delivered a steady performance in H2 FY26 and a strong full-year FY26, driven by healthy volume growth and improved realisations. The overall momentum remained robust with volumes growing 38% and revenue 45% for the year. Improved product mix and pricing supported realisations, while better capacity utilisation enhanced operating leverage. We remain focused on sustaining growth through efficient execution and gradual premiumisation."

Business Outlook

The company's performance reflects strong demand in the kitchen appliances segment, particularly for chimney products. The combination of volume growth, improved realisations, and enhanced operational efficiency positions Inflame Appliances for continued expansion. Management's focus on gradual premiumisation and efficient execution indicates a strategic approach to sustainable growth in the competitive appliances market.

Inflame Appliances Limited's Board of Directors has approved the appointment of key auditors for the financial year 2025-26, reinforcing the company's commitment to regulatory compliance and corporate governance standards.

Board Meeting Details

The Board of Directors convened on March 07, 2026, at the company's corporate office located at Village Bagwali, Khasra No. 40/14-15-16-17/1, Block - Raipur Rani, NH - 73, Panchkula-134202, Haryana. The meeting commenced at 1:00 PM and concluded at 1:30 PM, with proceedings conducted under the leadership of Chairman and Managing Director Aditya Kaushik.

Key Appointments Approved

The board approved two critical auditor appointments as part of its governance framework:

Secretarial Auditor Profile

M/s. Mittal V. Kothari & Associates brings substantial expertise to the role, with proprietor Mittal Kothari possessing over 8 years of experience in Company Law, LLP Law, and SEBI Laws. The firm specializes in:

• Listed company compliance under SEBI regulations
• Secretarial audits and corporate governance
• Insider trading and listing obligations
• Advisory services for private companies

Mittal Kothari qualified as a Company Secretary in December 2015 and holds a Bachelor of Commerce degree from 2010. Her professional journey began as a CS Trainee at Kalthia Engineering and Construction Limited in Ahmedabad.

Internal Auditor Credentials

Mr. Mukesh Kumar Sharma, appointed as Internal Auditor, currently serves as Accounts & Finance Manager at Inflame Appliances Limited since December 01, 2020. His professional background includes:

• MBA in Finance from ICAI Campus, Mohali (68.11% marks)
• M.COM from S.A. Jain College Ambala City (57% marks)
• Previous experience with VTC TRDAEWINGS PVT LTD as Finance & Audit Head
• Recognition as Best DLT-Finance by Procter and Gamble

Regulatory Compliance

The appointments were made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's adherence to regulatory requirements. The board also considered and approved all other business items as per the circulated agenda during the meeting.