Inflame Appliances reports 42% revenue growth in FY26
Inflame Appliances released the transcript for its H2 and FY26 earnings call held on June 1, 2026. The company reported a 41-42% increase in revenue and a 55% rise in EBITDA for the previous year, driven by a 38% increase in chimney production to 270,000 units. Management highlighted a ₹10 crore capacity expansion at the Panchkula plant to add 12,000-15,000 units of capacity and the formation of an associate company, Tricoree Machmatrix Private Limited, for backward integration of BLDC motors and electronics. The company targets a 50% revenue growth for the current year and aims to reach ₹400 crore plus in revenue by FY28.
*this image is generated using AI for illustrative purposes only.
Inflame Appliances has released the transcript of its earnings call held on June 1, 2026, to discuss the financial results for the half year and year ended March 31, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company reported a revenue growth of approximately 41-42% and an EBITDA growth of about 55% for the previous year, resulting in higher EBITDA margins and profit after tax (PAT). The earnings per share (EPS) also grew by approximately 85%.
Operational Performance
The company produced approximately 270,000 chimneys during the year, compared to 195,000 units in the previous year, representing a 38% increase. Capacity utilisation reached nearly 50% across both plants. The Hyderabad plant registered a growth of 31%, while the Panchkula plant saw a 42% increase. The management attributed the growth to new products such as built-in ovens, wine coolers, and refrigerators developed at the Hyderabad facility.
Capacity Expansion and CapEx
Inflame Appliances is undertaking a capacity expansion project at its Panchkula plant with a capital expenditure of about ₹10 crore. The project involves the construction of 50,000 square feet of new area. The first floor is ready and expected to be operational within a few days, adding an annual capacity of 12,000 to 15,000 chimneys. The remaining phases are scheduled for completion by August and September. The company is targeting a growth of 45-50% in chimney production and total revenue for the current year.
Strategic Initiatives and Backward Integration
To mitigate risks associated with imports and geopolitical volatility, the company has incorporated an associate company, Tricoree Machmatrix Private Limited, in which Inflame holds a 34% stake. This entity is being established to manufacture BLDC motors and electronics, including PCBs and switches, to support technology-led growth and backward integration. The management noted that while BLDC motors and electronic components are currently imported from China, the new facility will help reduce dependency on imports and control costs amidst rupee depreciation and rising raw material prices.
Financial Outlook
The management provided a revenue guidance of targeting ₹400 crore plus by FY28, with a potential to reach ₹500 crore in FY29. For the current year, the company targets a 50% growth in revenue. The order book is described as comfortable, with major customers including IFB, Crompton, Hindware, and Havells. The company is also focusing on automation, particularly AI-based quality control systems, to improve efficiency and margins.
Earnings Call Details
| Event | Details |
|---|---|
| Date | June 1, 2026 |
| Time | 12:00 PM IST |
| Platform | Zoom |
| Status | Transcript available |
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE464Z01017/28e777a1-9144-42a0-b137-f57a8c44a8db.pdf
Historical Stock Returns for Inflame Appliances
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -5.85% | -18.06% | -31.25% | -6.35% | -24.28% |
What is the expected timeline for Tricoree Machmatrix to begin commercial production of BLDC motors and PCBs?
How will the company fund the projected growth to ₹500 crore revenue by FY29 given the current capital expenditure levels?
What specific market share gains is Inflame targeting against competitors in the built-in oven and refrigerator segments?
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