Bajaj Electricals Limited has released its comprehensive investor presentation for the third quarter and nine months period ended December 31, 2025, providing detailed insights into financial performance and strategic business developments.

Financial Performance Overview

The company's Q3FY26 financial results demonstrate mixed performance across business segments:

The company reported negative EBIT margins of 0.7% compared to positive 5.0% in the corresponding quarter last year, primarily due to exceptional items worth Rs. 34 crore including labour code impact and joint venture losses.

Segment-wise Performance Analysis

Bajaj Electricals operates through two primary business segments with contrasting performance:

The Consumer Products segment experienced significant de-growth due to channel stock normalization and high base effect, while Lighting Solutions achieved growth driven by increased focus on premium categories and improved EBIT margins of 6.8%.

Strategic Product Portfolio Expansion

The company has significantly expanded its product portfolio with 143 new launches across segments:

Wire Business Entry

Bajaj Electricals forayed into the wires segment with the launch of Bajaj Secura Wires, featuring variants including ZH-FR, FR, HR-FR, and FR-LSH in 90 meter and 180 meter options.

Consumer Products Innovation

The company launched 9 new consumer products, including the Style Mix 1000W 5 Jar Mixer Grinder featuring premium metallic finish, noise cancelling technology, DuraCut blades with lifetime warranty, and comprehensive 2-year product warranty with 5-year motor warranty.

Lighting Solutions Portfolio

Bajaj Electricals introduced 65 new consumer lighting products and 69 professional lighting solutions:

Major Project Implementations

The professional lighting division successfully completed several prestigious projects including Laxminarayan Mandir Wardha for architectural lighting, Mussoorie Dehradun Development Authority for landscape lighting, Hanimaadhoo International Airport Maldives for airport lighting, and Victoria Public Hall Greater Chennai Corporation.

Financial Position and Cash Flow

Despite operational challenges, the company maintained strong financial health:

The company generated positive operating cash flow of Rs. 211 crore in Q3FY26, contributed by working capital improvements including reduction in debtors and inventories.

Recognition and Awards

Bajaj Electricals received significant industry recognition, being named among the top 20 most innovative companies at the CII Industrial Innovation Awards 2025. Additionally, three Bajaj products won the 2025 Good Design Award, marking the fifth consecutive year of recognition since 2021, including StyleMix 1000W Mixer & Food Processor, Bajaj Voittaa BLDC Ceiling Fan, and Bajaj Adaptive Shelf Light.

Bajaj electricals Limited announced that its Nomination and Remuneration Committee has approved the grant of 2,228 stock options under the Performance Stock Option Plan 2023 to 2 eligible employees. The approval was granted during the committee meeting held on February 9, 2026, in accordance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Stock Option Grant Details

The company disclosed comprehensive details of the stock option grant as required under Regulation 30 of the SEBI Listing Regulations. The grant covers 2,228 performance stock options that will result in an equivalent number of fully paid-up equity shares upon exercise.

Pricing and Exercise Terms

The exercise price of the options has been set at Rs.2/- per equity share, which equals the face value of the company's equity shares. Each option entitles the holder to one fully paid-up equity share of Rs.2/- each, subject to the terms and conditions specified in the PSOP Plan 2023.

The exercise period for these options is two years from the date of respective vesting, except for specific events outlined in the PSOP Plan 2023. Currently, no options have been vested or exercised under this grant.

Regulatory Compliance

The Performance Stock Option Plan 2023 is in full compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company noted that while this information has not triggered the threshold of materiality, it is being disclosed as part of good corporate governance practices.

The significant terms of the PSOP Plan 2023 were previously disclosed in the Explanatory Statement forming part of the Postal Ballot Notice dated November 6, 2023, which is available on the company's website. The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations and the SEBI Master Circular dated January 30, 2026.