Electronics Mart India revenue falls 10% on weather impact

Electronics Mart India Limited reported Q1 FY26 revenue of INR 1,739 crores, down 10% due to widespread rainfall impacting summer appliance demand. EBITDA was INR 110 crores with a 6.3% margin, while profit after tax reached INR 22 crores.

The unseasonal weather particularly hurt air conditioner sales, leaving the company with approximately INR 250 crores of excess AC inventory. Large appliances contributed 48% to total sales, while mobile phones accounted for 40%.

The retailer added 44 new stores over the past 12 months and plans to open 25-30 more in FY26.