Inflame Appliances Reports 90% Volume Growth and 97% Revenue Growth in Q3FY26
Inflame Appliances Limited reported exceptional Q3FY26 results with 90% YoY volume growth and 97% revenue growth to ₹43.70 crores. The nine-month revenue reached ₹120.00 crores, up 59% from ₹75.40 crores in 9MFY25. Both Panchkula and Hyderabad plants contributed to growth, with capacity utilization improving to 50% in Q3FY26 from 27% previously. The company maintains 40-50% revenue growth guidance for FY26 and FY27.

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Inflame Appliances Limited has delivered exceptional performance in Q3FY26, demonstrating strong operational momentum across its manufacturing facilities. The company reported remarkable growth metrics that highlight its expanding market presence and improved operational efficiency in the kitchen appliances segment.
Financial Performance Overview
The company's financial results for Q3FY26 showcase substantial growth across key metrics. Revenue performance significantly outpaced volume growth, indicating improved product mix and better realizations from premium product sales.
| Metric | Q3FY26 | Q3FY25 | Growth (%) |
|---|---|---|---|
| Chimney Volumes (units) | 75,621 | 39,822 | 90% |
| Total Revenue | ₹43.70 cr | ₹22.20 cr | 97% |
| Monthly Exit Rate | 27,000+ units | - | - |
For the nine-month period ending December 31, 2025, the company maintained strong growth trajectory with consistent performance improvements.
| Metric | 9MFY26 | 9MFY25 | Growth (%) |
|---|---|---|---|
| Chimney Volumes (units) | 2,10,126 | 1,45,675 | 44% |
| Total Revenue | ₹120.00 cr | ₹75.40 cr | 59% |
Manufacturing Facility Performance
Both manufacturing plants contributed significantly to the overall growth, with the Panchkula facility leading the charge in Q3FY26. The Panchkula plant achieved 133% growth, while the Hyderabad facility maintained steady performance with substantial volume contributions.
| Facility | Q3FY26 Volumes | 9MFY26 Volumes | 9MFY26 Growth |
|---|---|---|---|
| Panchkula | 53,783 units | 1,45,621 units | 42% |
| Hyderabad | 21,838 units | 64,505 units | 49% |
Operational Efficiency Improvements
Capacity utilization showed marked improvement across both facilities, reflecting enhanced operational leverage and better asset utilization. The company achieved approximately 50% capacity utilization in Q3FY26, a significant increase from 27% in the corresponding quarter of the previous year. For the nine-month period, capacity utilization improved to 46% from 32% in 9MFY25.
The revenue growth outpacing volume growth indicates successful product mix optimization, with higher contributions from premium chimney products. This strategic shift toward premium products has resulted in better average realizations and improved profitability metrics.
Management Commentary
CEO Amit Kaushik emphasized the company's continued focus on sustainable growth and operational excellence. The management highlighted their commitment to maintaining volume momentum while improving operational efficiency and gradually increasing the share of premium products to drive profitable growth. The company maintains its revenue growth guidance of 40-50% for both FY26 and FY27, reflecting confidence in sustained business momentum.
Business Outlook
The company's performance demonstrates strong execution of its growth strategy, with both manufacturing facilities contributing to volume expansion. The improved capacity utilization and better product mix position the company well for continued growth in the kitchen appliances market. The focus on premium product segments and operational efficiency improvements supports the management's optimistic outlook for the remaining quarters.
Historical Stock Returns for Inflame Appliances
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.00% | +4.33% | +7.60% | +15.68% | -15.66% | +136.27% |

































