Electronics Mart India shares skyrocket 16% after announcing Q3 results; Check details

Synopsis: Shares of Electronics Mart India Ltd jumped 16% after Q3 results showed 22% QoQ revenue growth and an 85% QoQ PAT rise to Rs 29.6 crore. Despite a slight YoY profit decline, strong sequential recovery, a balanced revenue mix, and premium brand partnerships boosted investor confidence.

The shares of this company, which is one of the largest consumer durable and electronics retailers in India and offers a diversified range of products with a focus on large appliances (air conditioners, televisions, washing machines, and refrigerators), mobiles and small appliances, IT, and others, had its shares in the news after the company reported robust Q3 results. 

With the market cap of Rs 4,120 crore, the shares of Electronics Mart India Ltd have gained about 16% and reached a high at Rs 107.45, compared to their previous day’s closing price of Rs 92.69. The shares are trading at a PE of 44.7, whereas its industry PE is at 39.3.

Q3 Result highlights

The revenue from operation for the company stood at Rs 1,940 crore when compared to Rs 1,805 crore in Q3 FY25, growing by about 8 per cent on a YoY basis and on a QoQ basis increasing by 22 per cent from Rs 1,591 crore in Q2 FY26.

The PAT fell by about 11.5 per cent on a YoY basis when you compare the Q3 FY26 profit at Rs 29.64 crore to Rs 33.5 crore in Q3 FY25 and on a QoQ basis has increased by 85 per cent from Rs 16 crore in Q2 FY26. 

Business Highlights

The first category represents 44% of total revenues; large appliances are 43%, and as a result, the company continues to experience equal growth from both major revenue contributors (mobiles & large appliances) during the latest report. The percent share of Small Appliances, IT and Others have a combined revenue of 13% and therefore continue to be an additional source of support, but they just do not contribute as large of a % of total revenue as the other two categories.

The balanced revenue mix allows for reduced risk from one revenue source as well as continued opportunities for growth within the smaller categories for additional revenue growth & continued overall earnings growth for the entire company.

From a store in Hyderabad, Electronic Mart India Ltd has grown into 200+ stores across the states of Andhra Pradesh, Telangana, and NCR. It is now spread over 90+ cities with more than 1.90 million square feet of retail space and 12 central warehouses. To support this extensive distribution network, the company employs more than 3,000 staff and has over 40 years of operating experience to establish its capabilities as a strong electronics retailer, ranking 4th in India.

The company operates several unique stores, such as Bajaj Electronics, Electronics Mart and Kitchen Stories, serving a variety of consumer segments. Their wide-ranging product selection includes air conditioning units, smartphones, television sets, computers, refrigerators, washing machines, extractor fans and audio equipment. The variety of product categories allows for cross-selling between the different categories. EMIL has 185 leased locations and 20 owned stores, making it a leader in the asset-light model of retail expansion while providing high visibility for their brands and operational flexibility.

Electronic Mart India Limited is using strategic partners to help solidify their premium position in the marketplace. They have entered into partnerships with some of the largest global premium brands, such as Apple, Samsung, LG, and Sony, and other great companies offering products from ultra-premium 98-inch TVs to built-in appliances to smartphones and entry-level products. 

This allows Electronic Mart India Ltd to have a broad range of products available to a wide range of consumers while maintaining a strong premium product mix. In summary, by taking advantage of their partnerships with these premium brands, Electronic Mart India Ltd has increased its average selling price (ASP) by 18% since the start of FY20, growing from Rs 19,482 during FY20 to Rs 23,066 through the first 9 months of FY26, due to improved product mix and increased revenue per transaction.

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