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Revenue
₹368 Cr
verified against source
Revenue YoY
11.03%
reported change
EBITDA
₹80.7 Cr
latest reported figure
Source
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record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
IFB Industries reported Q4 FY26 revenue of ₹1,455 crore, up 11% YoY, with EBITDA of ₹80.7 crore (margin 5.5%, +20bps YoY). PAT grew 51% to ₹33.7 crore, aided by cost optimization offsetting ₹84 crore commodity/forex headwind. Home appliances saw double-digit growth in front-load washers and microwaves, while ACs remained muted due to early monsoons and OEM losses. Management guided for 20%+ revenue growth in home appliances in FY27, supported by portfolio simplification (front-load models cut from 58 to 25) and in-store promoter expansion. Engineering division targets 20-25% growth with margin expansion to 17-18%. Key risk: continued commodity/forex pressure may delay margin recovery despite cost initiatives.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects home appliances division to grow north of 20% in FY27, driven by market share gains and new product launches.
- Engineering division targets 20-25% growth on existing business, with new verticals (EV battery parts, motorcycle chains) adding further upside.
- Engineering division aims to improve EBITDA margin from current ~15% to 17-18% over the next 2-3 years.
- Management targets ₹150 crore in cost optimization savings for FY27, with ₹29 crore already realized in April-May.
Risks flagged
- Commodity and forex impact of ₹49 crore in April-May 2026 has not been fully offset by cost initiatives, pressuring margins.
- Key OEM customers for ACs have stopped sourcing from IFB, leading to a 5% degrowth in OEM sales in FY26 and muted AC growth.
- Fixed cost optimization plan (₹200 crore) has not yielded substantial savings in FY26, and management is prioritizing variable cost reduction.
- Engineering division missed its FY26 order win target of ₹250 crore, achieving only ₹153 crore due to long validation cycles.
Key quotes
- We are currently number two in front-load washers... if you remove the 12 kg segment, we are at about 25.5 to 26%.
- Our aspiration is to get into double digits as far as AC market share is concerned... this year, but that's going to be a tough ask.
- The brand is very strong... half the battle is won when we don't have an issue of acceptance of the brand.
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