Bajaj Electricals Limited , a prominent player in the consumer electrical equipment sector, has reported mixed financial results for the second quarter of the fiscal year 2025-26. The company's performance shows resilience in some areas while facing challenges in others.

Financial Highlights

For the quarter ended September 30, 2025, Bajaj Electricals reported:

• Revenue of INR 1,107.00 crores, representing a 1% decline compared to the same period last year.
• Profit after tax decreased 23.6% to INR 10.00 crores.
• Gross margins improved by 140 basis points due to value engineering and sourcing efficiencies.

Segment Performance

Consumer Products

• The segment declined 4.1% year-on-year due to drops in fans and coolers.
• General Trade registered 5% growth, mainly due to 20% growth in Consumer Lighting.

Lighting Solutions

• The segment grew 9.6% driven by both B2C and B2B lighting.
• Exports witnessed 28% growth.

Product Launches and Financial Position

• During the quarter, Bajaj Electricals launched 26 new consumer products and 144 new consumer lighting products.
• The company maintains a strong balance sheet with surplus investments of approximately INR 432.00 crores.

Management Changes

In a significant development, Bajaj Electricals announced that its Chief Financial Officer (CFO), Mr. E C Prasad, will be stepping down from his position. Mr. Prasad's resignation will be effective from the close of business hours on January 26, 2026. The company stated that he is leaving to pursue external professional opportunities.

The Board of Directors, at its meeting held on October 31, 2025, accepted Mr. Prasad's resignation and expressed appreciation for his contributions during his tenure. The search for a successor is expected to commence soon to ensure a smooth transition of financial leadership.

Outlook

While Bajaj Electricals faces some headwinds in terms of profitability and revenue growth, the improvement in gross margins suggests that the company is focusing on operational efficiency. The contrasting performances of its consumer products and lighting solutions segments indicate that the company may need to strategize differently for each division to drive overall growth.

The upcoming change in financial leadership with the CFO's departure could bring new perspectives to the company's financial strategies. Investors and market observers will be keenly watching how Bajaj Electricals navigates these changes and works towards improving its market position in the competitive consumer electrical equipment sector.

Bajaj Electricals Limited (BEL) has announced a strategic collaboration with the TIH Foundation for IoT & IoE at IIT Bombay, aiming to co-develop smart lighting solutions under the 'Smart Streetlight Control' project. This partnership marks a significant step towards advancing India's Smart City vision while supporting the Digital India and Make in India initiatives.

Collaboration Details

The collaboration brings together Bajaj's expertise in large-scale lighting deployments with TIH's research capabilities in electronics, network communication, and AI/ML technologies. The first phase of the project will focus on developing AI-based lighting solutions for energy optimization, efficiency, and reliability.

Key Participants

The Memorandum of Understanding was signed at Bajaj's R&D Center, with participation from senior leadership including:

• Rajesh Naik, COO Bajaj Lighting Solutions
• Anand Joshi, CTO & Head – R&D
• Kiran Shesh, CEO, TIH

Company Performance

Bajaj Electricals reported a turnover of INR 4,641.00 crores in FY 24-25. The company operates through:

• 18 branch offices
• 600+ distributors
• Approximately 2 lakh retail outlets across India

Upcoming Earnings Call

Bajaj Electricals has scheduled its Q2FY26 Earnings Call for October 31, 2025, at 4:00 PM (IST). The call, organized by Ambit Capital Private Limited, will discuss the company's unaudited financial results for the second quarter and half year ended September 30, 2025.

Key company representatives participating in the call include:

• Mr. Shekhar Bajaj - Chairman
• Mr. Sanjay Sachdeva - MD & CEO
• Mr. EC Prasad - CFO
• Mr. Vishal Chadha - COO Consumer Products
• Mr. Rajesh Naik - COO Lighting Solutions

This strategic partnership and the upcoming earnings call highlight Bajaj Electricals' commitment to innovation and transparency in its operations, positioning the company at the forefront of smart lighting solutions in India's evolving urban landscape.