Electronics Mart India Ltd
P&L
Quarterly Consolidated
vs Q3 FY26
Electronics Mart India: Q4FY26 PAT up 49% to ₹40 Cr
22 May 2026 · 22 May, 3:57 pm
Summary
Electronics Mart India Limited delivered a strong performance for Q4 FY26, reporting a 15% year-on-year revenue growth to ₹1,913 crores and a significant 49% surge in Profit After Tax to ₹40 crores. For the full Financial Year 2026, revenue from operations reached ₹7,183 crores, growing 7% Y-o-Y, with an EBITDA of ₹438 crores at a 6.1% margin. CEO Mr. Karan Bajaj highlighted disciplined execution and strengthening unit economics as key drivers, particularly noting strong Q4 Same Store Sales Growth of 12.1%. Management anticipates operating leverage to play out and recovery to accelerate through FY27, driven by maturing new stores and continued premiumization trends, alongside strategic expansion of the international brand portfolio.
Key Highlights
- 1
Electronics Mart India Limited reported a strong Q4 FY26 with Revenue from Operations growing 15% Y-o-Y to ₹1,913 crores.
- 2
Profit After Tax for Q4 FY26 saw a substantial increase of 49% Y-o-Y, reaching ₹40 crores, which includes exceptional charges.
- 3
For the full Financial Year 2026, Revenue from Operations stood at ₹7,183 crores, marking a 7% year-on-year growth.
- 4
Q4 FY26 EBITDA increased by 20% Y-o-Y to ₹129 crores, with EBITDA margins expanding to 6.7%.
- 5
The company demonstrated robust store performance with a Same Store Sales Growth (SSSG) of 12.1% in Q4 FY26.
- 6
Cash Flow from Operations (Pre IND-AS) for FY26 was reported at a healthy ₹299 crores.
- 7
EMIL significantly expanded its international brand portfolio, secured exclusive partnerships, and served as the official 'Powered By Partner' at the Smart Home Expo.
Management Comments
Mr. Karan Bajaj
I am pleased to share that Electronics Mart India Limited has had a strong Q4 performance reflecting disciplined execution, strengthening unit economics, and a clear sense of strategic direction. Revenues grew by 15% to Rs. 1,913 crores with EBITDA growing by 20% to Rs. 129 crores and margins expanding to 6.7%. PAT* stood at Rs. 40 crores, a growth of 49% Y-o-Y. Same Store Sales Growth of 12.1% in Q4FY26 validates that our stores are maturing, our customer engagement is deepening, and our core markets are responding to the investments we have made over the past several years. Over the last two years, we made a deliberate and significant investment in expanding our retail footprint, adding 63 new stores. This expansion came with a near-term cost, as new stores in ramp-up phase weigh on margins before stabilizing. As these stores mature and throughput normalizes, we expect operating leverage to play out. We expect this recovery to accelerate through FY27. Premiumization continues to be a quiet but powerful theme running through our business. ASP’s have risen meaningfully, and we are seeing consumers increasingly opt for higher-end, feature rich products across categories. This shift is structurally positive for our gross margins and aligns well with our positioning as a destination for the discerning consumer. Over the past several months, we have made progress in expanding our international brand portfolio, securing exclusive partnerships, and building stronger ties with leading global manufacturers. This is a deliberate adjacency that positions EMIL at the forefront of a category that is still nascent but growing rapidly in India. For FY27, we will continue to optimize our supply chain and inventory management, with a strong focus on cash flow generation and working capital efficiency. We will deepen our presence in existing clusters, while selectively expanding in newer geographies where we see the right combination of consumer demand and unit economics. And we will continue to invest in the customer experience, because that is what has built EMIL's reputation over decades, and it will remain the foundation of everything we do.
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