Bajaj Electricals Ltd

Meeting Details

• Date and time: August 6, 2026, 6:15 P.M. IST.
• Type and mode: Earnings Conference Call; virtual group session.
• Organizer: ICICI Securities Limited.
• Event: Bajaj Electricals Q1 FY27 Earnings Conference Call.

Participants

• Chairman
• Managing Director and Chief Executive Officer
• Chief Operating Officer – Consumer Products
• Chief Operating Officer – Lighting Solutions
• Chief Financial Officer

Purpose

• Discuss Q1 FY27 unaudited results and quarterly performance.

Additional Notes

• Transcript published and hosted on Bajaj Electricals' website.
• Transcript enclosed with the filing.
• Conference recording is being recorded.

Leadership appointment

• Krishnan Sundaram appointed Chief Growth & New Business Officer, effective August 11, 2026.
• Will identify, evaluate, and scale new business opportunities.
• Former CEO of Vini Cosmetics; 26 years at Hindustan Unilever/Unilever PLC.
• Role aims to strengthen Bajaj Electricals' growth portfolio and value creation.

Financial snapshot

• Turnover reported at INR 4,462 crores for FY25-26.

AGM Details

• 87th AGM held Aug 6, 2026 at 3:00 PM IST via VC/OAVM.
• Record date for e-voting: July 30, 2026.
• Remote e-voting: Aug 2–Aug 5, 2026; voting during AGM.
• Shareholders on record: 86,212; VC attendees: promoters 36, public 68.

Key Resolutions

• Resolution 1 (Ord): Adopt audited financial statements; year ended Mar 31, 2026; passed.
• Resolution 2 (Ord): Declare dividend on equity shares; FY ended Mar 31, 2026; passed.
• Resolution 3 (Ord): Appoint Sanjay Sachdeva as Director; passed.
• Resolution 4 (Ord): Ratify remuneration of Cost Auditors; FY ending Mar 31, 2027; passed.
• Resolution 5 (Special): Borrowing by issuing securities; passed.

Director Changes

• Sanjay Sachdeva appointed as Director (retiring by rotation).

Auditor Remuneration

• Remuneration of Cost Auditors ratified for FY ending Mar 31, 2027.

Dividend

• Dividend declared on equity shares for FY ended Mar 31, 2026.

Meeting details

• Date and time: August 6, 2026, 6:15 P.M. IST.
• Type and mode: post-earnings call, audio recording.
• Organiser: ICICI Securities Limited.
• Company participants: Chief Compliance Officer & Company Secretary.
• Purpose: Audio recording of Q1FY27 Earnings Call.
• Recording availability: Available on the company's website.

AGM Details

• AGM held Aug 6, 2026 at 3:00 PM IST.
• Mode: video conferencing and other audiovisual means.
• Record date for e-voting: July 30, 2026.
• Remote e-voting: Aug 2–5, 2026; voting at AGM allowed.
• Meeting duration: 3:00 PM to 4:22 PM.

Resolutions and outcomes

• Adopt audited financial statements for year ended Mar 31, 2026; passed.
• Adopt audited consolidated financial statements for year ended Mar 31, 2026; passed.
• Dividend on equity shares for FY 2026 approved; passed.
• Appoint Sanjay Sachdeva as Director (retiring by rotation); passed.
• Remuneration of Cost Auditors for FY ending Mar 31, 2027 ratified; passed.
• Borrowing by way of issue of securities approved (special); passed.

Financial Highlights

• Q1 FY'27 revenue INR 1,089 Cr, up 2.3% YoY.
• Gross margin 32.3% in Q1 FY'27.
• EBIT 72 Cr; PAT 48 Cr; margin 6.6%.

Segment Performance

• CP revenue INR 820 Cr; YoY 1.7%.
• LS revenue INR 269 Cr; YoY 4.4%.
• CP EBIT INR 32 Cr; margin 3.9%; LS EBIT INR 18 Cr; margin 6.7%.

Liquidity & Channel

• Cash and cash equivalents ~INR 884 Cr as of 30 Jun 2026.
• Channel highlights: GT -2%; Alternate +11%; E-commerce double-digit growth; Exports high double digits.

Notable Items

• Exceptional item: gain from sale of immovable property ~INR 9 Cr.

Standalone results

• Standalone Q1 FY27 revenue from operations Rs 10,875.6 mn; total income Rs 11,149.8 mn.
• Standalone net profit for the quarter Rs 479.5 mn; basic EPS before exceptional Rs 3.50; diluted Rs 3.49.
• Standalone exceptional items in quarter Rs 8.78 cr; includes sale of immovable property.
• Standalone segment revenues: Consumer Products Rs 820.39 cr; Lighting Solutions Rs 268.97 cr.
• Total standalone revenue Rs 1,089.36 cr; total standalone EBIT Rs 50.33 cr.
• Standalone PBT before tax Rs 65.24 cr; tax Rs 17.29 cr; net profit Rs 47.95 cr.

Consolidated highlights

• Consolidated revenue from operations Rs 1,089.36 cr; PAT Rs 48.38 cr.
• Basic EPS Rs 3.53; diluted Rs 4.18.
• YoY note: press release cites Q1 FY27 revenue growth 2.3%.
• Cash and investments at Rs 884 cr.

Management changes & capital actions

• Krishnan Sundaram appointed Chief Growth & New Business Officer; joining 11 Aug 2026.
• PSOP-2023 ESOP pool expands to 30,02,559 options from 5,75,510.
• Remuneration structure of whole-time directors revised; subject to postal ballot.

Press release highlights

• Q1 FY27 revenue Rs 1,089 cr; YoY growth 2.3%.
• Consumer Products revenue Rs 820.39 cr; EBIT Rs 32.39 cr.
• Lighting Solutions revenue Rs 268.97 cr; EBIT Rs 17.94 cr.
• EBIT margin reported at 6.6% for the group.
• Strong balance sheet with cash and investments of Rs 884 cr.

PSOP 2023 grant and vesting

• Grant of 81,983 PSOP 2023 stock options to 7 employees; exercise price Rs 2 per share.
• Vesting of 75,358 options to 259 employees under PSOP Plan 2023.
• Exercise period two years from each vesting date.
• Cancellation of 39,662 options; added back to options pool.
• PSOP Plan 2023 complies with SEBI SBEB Regulations 2021.

Meeting Details

• Date and time: August 6, 2026, 18:15 IST.
• Type and mode: group virtual earnings call.
• Organizer: ICICI Securities Limited.
• Subject: Q1FY27 unaudited results for quarter ended June 30, 2026.

Participants

• Key company participants: Chairman, MD & CEO, COO (Consumer Products), COO (Lighting Solutions), CFO.

Purpose

• Purpose: discuss unaudited Q1 FY27 results for quarter ended June 30, 2026.

Meeting Details

• Board meeting on August 6, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for Q1 ended June 30, 2026.

Other Notes

• Trading window closed from July 1, 2026, to 48 hours after results publication on August 6, 2026.