BAJAJELEC / Q1-FY27 / claim-ledger

Audit the questions that mattered.

Bajaj Electricals · Analyst questions, management answers, and the quality of the response where the ledger is available.

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WatchQ1-FY27 · source date pendingBack to quarter ↗

Questions audited

Answered directly

65%

Numeric claims

Consistency

mixed

Question ledger

What was answered, and how?

Prarie · PL Capital

partial

Fans declined despite category growth; reasons and margin outlook for consumer products

Fans saw a decline. On price increases we kept pace with commodity inflation. Going forward we see margin improvements due to BAV activities and premiumizing portfolio. BLC and premium contribution has continued to increase.

An Johi · ICS Security

partial

Market share changes and rural market performance

Share trend is mixed. Stable in most categories and growing in iron and mixer grinders. Large category where we have not done well is fans. We don't have any special share report for rural.

Achel · NUMA Institutional Equities

direct

Timeline for ECD margins to reach 9-10% from current levels

We intend to go to 10% margin. We believe the first set of turnaround in margins will be quick and large and second set will be slow. We see margins for next two years to stabilize between 6 to 7%. Not next 2 years but after that you will see steady improvement towards 10%.

Achel · NUMA Institutional Equities

declined

Wires business contribution and segment classification

We don't tell all that. I can say that in wires our progress is better than what we are expecting and it can play a significant role moving forward. It's part of lighting segment including 6 years.

Achel · NUMA Institutional Equities

partial

Working capital days movement from March to June

Working capital position improved on data side. Inventories slightly up because we locked ourselves in good inventories seasonally. Broadly hovering between 50-60.

Achel · NUMA Institutional Equities

partial

Q1 operating cash flow quantification

Overall cash flow has been negative. Larger reason is tax compliances on morphy acquisition, TDS and GSP. If you remove that element out it's been healthy.

Adisha · AK Investment

direct

Growth outlook for next 1-2 years

From all the businesses put together we are looking at between 8 to 10% growth quarter on quarter. This is not a forward-looking commitment but this is the kind of targets we are looking at. 8 to 10% growth for two years.

AJ · NUMA Institutional Equities

direct

Cost inflation extent across key categories and price increases taken

It is anywhere between 6 to about 11-12%. And most of that between pricing and savings we have managed to sell through. Not everything we have put in price. At this stage we are not seeing major price increase need for rest of year.

AJ · NUMA Institutional Equities

partial

Category-wise growth breakdown and volume vs value

For fans it was not a low base for us. We had higher base because at that time we were adding stocks. Fans is one category where we could not deliver growth - more operational issues. Net of fans we had done well last year and again net of fans we have done well this year.

Bat · Quest Investment Managers

direct

Fan supply chain issues and corrective actions

More induced due to external factors like war, gas shortages and to some extent PCBs. Gas is restored. PCBs now working on longer time cycles. We had not anticipated this kind of demand for BLC fans where we use PCBs.