Bajaj Electricals Limited reported a 9.6% revenue growth for the second quarter of FY26 during its earnings conference call on October 31, 2025. The company discussed its unaudited financial results for the quarter ending September 30, 2025, in a call hosted by Ambit Capital Private Limited. The management attributed the growth largely to the Lighting Solutions vertical, which not only achieved this revenue increase but also recorded a 46% rise in EBIT from INR 15 crores to INR 22 crores compared to the previous year. However, the overall demand landscape faced challenges due to the early onset of monsoons and uncertainties around GST reforms that temporarily postponed consumer demand.
Despite these hurdles, Bajaj Electricals emphasized the resilience of its business model and its focus on operational excellence and market responsiveness. The company reported strong performance in its non-seasonal consumer products, like mixers and water heaters, which saw single-digit growth. The management expressed confidence in navigating short-term challenges and highlighted optimism for the upcoming quarter due to forecasts of strong winters. Furthermore, the company is strategically increasing its revenue contribution in focused categories such as ceiling lights and outdoor lights, which have shown promising growth.
In addition to the financial results, the call also addressed significant changes in the management team, particularly the resignation of their CFO, E.C. Prasad, who played a crucial role in transforming the company since his joining in November 2019. His departure is seen as a significant loss, with the management acknowledging his contributions in streamlining operations and achieving a debt-free status. The company is also focused on enhancing its brand portfolio, including the recent approval for acquiring the Morphy Richards brand, aligning with its dual brand strategy. Overall, Bajaj Electricals remains committed to improving market share and maintaining growth momentum despite the current economic challenges.