Poor summer season could impact AC sales and margins
A weak summer, as seen in FY25, could lead to inventory pile-up and discounting, pressuring margins.
EMIL / bear-case history
Track the concerns that keep returning.
Electronics Mart India · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
high
NBFC credit tightening post-festive season
Analyst raised concern about NBFCs rejecting more EMI applications due to stricter underwriting, which could dampen demand.
New store profitability ramp-up slower than expected
136 stores (62% of portfolio) are less than 4 years old and operate at 3% EBITDA margin, dragging overall profitability.