Same-store sales growth (Q4)
18%
+18pp YoY
Same-store sales grew 18% in Q4, indicating strong underlying demand in mature stores.
ADITYAVISION
Diversified
15 May 2026
Aditya Vision Ltd — Q4 FY26
Aditya Vision delivered a strong Q4 FY26 with revenue of ₹625 crore (+28% YoY) and PAT of ₹24 crore (+36% YoY), driven by robust festive and summer demand despite a weak H1.
Financial stats pending filing verification
2-Minute Summary
✦ AI-Generated from Full Transcript
Aditya Vision delivered a strong Q4 FY26 with revenue of ₹625 crore (+28% YoY) and PAT of ₹24 crore (+36% YoY), driven by robust festive and summer demand despite a weak H1. Full-year revenue reached ₹2,672 crore (+18% YoY) with EBITDA margin of 8.5%. The company added 102 stores in three years, now totaling 207 stores across four states, and entered Chhattisgarh. Management highlighted a strategic inventory build of ₹840 crore to mitigate supply risks and price hikes. Guidance for FY27 includes 25+ store additions, with a focus on Uttar Pradesh and Madhya Pradesh. EBITDA margin is expected to remain in the 8-10% range. A key risk is the impact of unseasonal weather on summer product demand, which could pressure margins.
Key Numbers
Store count
207
+102 stores in 3 years
Store count doubled in three years, with 53 stores in Uttar Pradesh and 3 in Chhattisgarh.
Inventory
₹840 crore
Higher than normal
Strategic inventory build to pre-empt supply disruptions and price hikes from OEMs.
Mobile ASP growth
20%
+20% YoY
Higher mobile ASPs increased revenue mix of low-margin products, compressing gross margins.
Management Guidance
Store expansion of 25+ stores in FY27
Management guided for at least 25 new stores, with focus on Uttar Pradesh, Chhattisgarh, and entry into Madhya Pradesh.
Management guidance expansionEBITDA margin guidance of 8-10%
Management reiterated EBITDA margin target range of 8-10%, with 9% as the mean.
Management guidance marginsNo equity capital raise in near term
Management stated that internal accruals and working capital borrowings are sufficient; no equity dilution planned.
Management guidance otherKey Risks
Unseasonal weather impacting summer demand
A weak summer in H1 FY26 hurt cooling product sales; similar weather patterns could repeat and pressure margins.
high · management_commentaryMargin pressure from low-margin product mix
Higher mobile and laptop ASPs increased their revenue share, compressing gross margins; trend may continue.
medium · analyst_questionHigh inventory carrying risk
Inventory of ₹840 crore is elevated; if demand softens, liquidation may require discounts, hurting margins.
medium · data_observationNotable Quotes
Your company is now an all weather, all-season company.
We do not give a guidance because we are always ahead of the guidance.
We cannot compromise in certain sales and we have to have those sales as well.
Frequently Asked Questions
What was Aditya Vision's revenue in Q4 FY26?
Aditya Vision reported revenue of ₹625 Cr in Q4 FY26, representing a +28% change compared to the same quarter last year.
What guidance did Aditya Vision management give for FY27?
Store expansion of 25+ stores in FY27: Management guided for at least 25 new stores, with focus on Uttar Pradesh, Chhattisgarh, and entry into Madhya Pradesh. EBITDA margin guidance of 8-10%: Management reiterated EBITDA margin target range of 8-10%, with 9% as the mean. No equity capital raise in near term: Management stated that internal accruals and working capital borrowings are sufficient; no equity dilution planned.
What are the key risks for Aditya Vision in FY27?
Key risks include Unseasonal weather impacting summer demand — A weak summer in H1 FY26 hurt cooling product sales; similar weather patterns could repeat and pressure margins.; Margin pressure from low-margin product mix — Higher mobile and laptop ASPs increased their revenue share, compressing gross margins; trend may continue.; High inventory carrying risk — Inventory of ₹840 crore is elevated; if demand softens, liquidation may require discounts, hurting margins..
Did Aditya Vision meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Aditya Vision Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary with filing verification status shown on the financial stats.