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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹1,939.7 Cr
verified against source
Revenue YoY
8%
reported change
EBITDA
₹119 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Electronics Mart India reported Q3 FY26 revenue of ₹1,939.7 crore (+8% YoY) and EBITDA of ₹119 crore (+17% YoY), with EBITDA margin expanding 50 bps to 6.1%. Growth was driven by festive demand, GST rate cuts, and strong performance in NCR (+30% revenue) and Andhra Pradesh (+18.2%). However, same-store sales growth was modest at 2.54%, and the Telangana cluster lagged. Management remains optimistic about the upcoming summer season, citing low AC penetration and new BEE ratings, but cautioned that a poor summer could delay new geography expansion. Key risks include NBFC credit tightening post-festive season and potential inventory pile-up if summer demand disappoints.
Colored figures show movement against the previous available record.
Guidance to track
- Management plans to open 5-6 new stores by end of Q4 FY26, primarily in NCR and Andhra Pradesh.
- The company plans to enter a new geography (likely Odisha or Western UP) in Q2 or Q3 of FY27, with around 10 stores initially.
- Management indicated a possible promoter share buyback as a confidence-building measure, to be decided before Q1 FY27 results.
Risks flagged
- A weak summer, as seen in FY25, could lead to inventory pile-up and discounting, pressuring margins.
- Analyst raised concern about NBFCs rejecting more EMI applications due to stricter underwriting, which could dampen demand.
- 136 stores (62% of portfolio) are less than 4 years old and operate at 3% EBITDA margin, dragging overall profitability.
Key quotes
- On festival to festive comparison, we delivered a robust growth of approximately 25%.
- We are quite optimistic on the upcoming season... we already started buying and started shelving our stores with the newer inventory for the new rating as well.
- I can definitely pick up a stake back to give the confidence to the market... we would definitely have a positive news on this as well.
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