Onida Electronics Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Onida Electronics Ltd filed with BSE on 14 Aug 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Onida Electronics reported Q1 FY27 revenue from operations of Rs 182.4 crore, up 29.5% year-on-year, with branded business revenue of Rs 175 crore growing 35.8% driven by LED TV and AC categories. Gross margin improved by 100 basis points to 17.3%, while the company reported a net loss of Rs 14.2 crore compared to a loss of Rs 12.5 crore in the year-ago quarter. Management discussed go-to-market expansion, retail reach targets, working capital, and plans around the Wada facility and institutional cooling business without providing formal forward revenue or EBITDA guidance.
Numbers mentioned
Branded business revenue: Rs. 175 crores (Q1 FY27)
p. 5
“So, during Q1 Financial Year’ 27, our branded business stood at Rs. 175 crores that recorded 35.8% year-on-year growth, primarily driven by strong performance in our LED TV and AC categories.”
Gunjan Srivastava, page 5 of the filed PDF · View the filing
LED business growth: 56.8% year-on-year (Q1 FY27)
p. 5
“Our LED business grew 56.8% year-on-year, supported by new product launches and promotional initiatives.”
Gunjan Srivastava, page 5 of the filed PDF · View the filing
AC business growth: 39.2% year-on-year (Q1 FY27)
p. 5
“While our AC business grew 39.2% year-on-year, reflecting a recovery in seasonal demand.”
Gunjan Srivastava, page 5 of the filed PDF · View the filing
Washing machine business decline: 1.8% year-on-year decline (Q1 FY27)
p. 5
“Our washing machine business declined marginally by 1.8% year-on-year, mainly due to product mix.”
Gunjan Srivastava, page 5 of the filed PDF · View the filing
Revenue from operations: Rs. 182.4 crores (Q1 FY27)
p. 5
“Our revenue from operations for the quarter overall stood at Rs. 182.4 crores, registering a 29.5% year-on-year growth, compared to Rs. 140.9 crores in Q1 Financial Year’ 26.”
Gunjan Srivastava, page 5 of the filed PDF · View the filing
Gross margin: 17.3% (Q1 FY27)
p. 5
“Our overall gross margin improved to 17.3%, compared to 16.3% in Q1 Financial Year’ 26, an improvement of 100 basis points, primarily supported by a better sales mix and improved realizations in AC and LED, partially offset by a decline in washing machine margins due to higher input costs and aggressive pricing by competition.”
Gunjan Srivastava, page 5 of the filed PDF · View the filing
Net loss: Rs. 14.2 crores (Q1 FY27)
p. 5
“We reported a loss of Rs. 14.2 crores for the quarter, compared to a loss of Rs. 12.5 crores in Q1 Financial Year’ 26.”
Gunjan Srivastava, page 5 of the filed PDF · View the filing
Borrowing balance: around Rs. 38-odd crores
p. 16
“but we do have a borrowing balance of around Rs. 38-odd crores, which we will be having the repayment schedule over the next 18 months.”
Manish Desai, page 16 of the filed PDF · View the filing
AC contribution to turnover: around 60% (Q1 FY27)
p. 10
“So, as I said, AC being seasonal, it's contributing around 60% to the overall turnover, followed by LED, which is almost you can say about 25% to 30%.”
Manish Desai, page 10 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Retail reach — doubling reach · 6 to 12 months
stated firmly by Gunjan Srivastava
p. 9
“One is to expand our reach and we are looking at really doubling our reach in the next 6 to 12 months.”
Gunjan Srivastava, page 9 of the filed PDF · View the filing
Retail excellence outlets — 800 to 1000 outlets · end of this financial year
stated firmly by Gunjan Srivastava
p. 9
“we have an internal target for us between 800 to 1000 outlets by the end of this financial year, where we achieve retail excellence in terms of displays and the way in which we are able to use or leverage conversion through those stores, through our presence.”
Gunjan Srivastava, page 9 of the filed PDF · View the filing
Revenue growth momentum — rest of the year and next year
stated as an aspiration by Manish Desai
p. 8
“our objective is to continue this momentum for the rest of the year as well as for the next coming year.”
Manish Desai, page 8 of the filed PDF · View the filing
Net working capital days — between 30 to 45 days
stated as an aspiration by Manish Desai
p. 21
“somewhere between 30 to 45 net working capital days should be a good benchmark to at least to be there.”
Manish Desai, page 21 of the filed PDF · View the filing
Revenue level for bottom-line contribution — another 30% increase
stated conditionally by Manish Desai
p. 13
“I would say that from where we are currently, another 30% increase probably we should give somewhere headway into started contributing handsomely to the bottom line.”
Manish Desai, page 13 of the filed PDF · View the filing
Washing machine range for Diwali — stronger range · this Diwali
stated firmly by Gunjan Srivastava
p. 13
“So, going forward, during this Diwali, we will have a much stronger range in washing machines than what we have currently.”
Gunjan Srivastava, page 13 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said it aims to remain competitive while also protecting margins, and is adjusting product mix.
Answered by Gunjan Srivastava
Asked by Dhananjai Bagrodia: How is the company managing pricing strategy amid rising input costs relative to competitors?
p. 6
“The way we are looking at it is that from a pricing perspective, we want to remain competitive in the competitive set we are operating in, while trying to manage the value chain in a manner that we are also protecting our margins.”
Gunjan Srivastava, page 6 of the filed PDF · View the filing
Management declined to give forward guidance, saying results will follow once scale is reached.
Answered by Manish Desai
Asked by Aditya Jhawar: When can investors expect positive EBITDA and what revenue/margin targets exist for the next two years?
p. 8
“in terms of be a more of a forward-looking statement, we should not try to give it right now.”
Manish Desai, page 8 of the filed PDF · View the filing
AC contributes about 60% of turnover in the seasonal quarter, LED 25-30%, and washing machine the remainder in low single digits.
Answered by Manish Desai
Asked by Haider Kachwalla: What is the segment mix contribution of AC, LED and washing machine to revenue?
p. 10
“So, as I said, AC being seasonal, it's contributing around 60% to the overall turnover, followed by LED, which is almost you can say about 25% to 30%. The rest is with the washing machine.”
Manish Desai, page 10 of the filed PDF · View the filing
Management estimated roughly another 30% revenue increase from current levels before meaningfully contributing to the bottom line, describing it as a ballpark figure.
Answered by Manish Desai
Asked by Ankur Gulati: At what revenue level would the company break even at PAT level?
p. 14
“This is a ballpark number, which I said, Ankur, and as I said, as the thing moves, this goalpost may keep move on upward or downward as things stabilize.”
Manish Desai, page 14 of the filed PDF · View the filing
Management said cash credit limits are largely unutilized, there is a borrowing balance of about Rs 38 crore, and asset monetization is being reviewed but nothing is immediately planned.
Answered by Manish Desai
Asked by Vikram Damani: What is the current debt position and plans for monetizing non-core assets like Wada land?
p. 15
“currently we are reviewing our cash flows and the investments, and the call will be taken at an appropriate time. But currently, nothing is immediately on the table.”
Manish Desai, page 15 of the filed PDF · View the filing
Management denied any immediate plan to close Wada, noting production had been scaled down but the plant remains available.
Answered by Manish Desai
Asked by Surya Prakash Heda: Is the Wada plant being shut down as reported in media?
p. 17
“I just told you that we do not have any such plan to close Wada in immediate future. We have scaled down a little production to align with the strategy what we have.”
Manish Desai, page 17 of the filed PDF · View the filing
Management said the PLI scheme is ongoing for components manufacturing but the company is not actively pursuing it, preferring to work with OEM/ODM partners; institutional cooling is a newly set-up vertical with some inquiries.
Answered by Gunjan Srivastava
Asked by Piyush Kothari: Is the company's PLI application still active, and are there plans for institutional cooling contracts?
p. 17
“In terms of institutional business, we are looking at that particular channel quite actively now. We did not have that vertical with us earlier, but we have set that up and we currently have a few good inquiries, and this would become one of our key pillars going forward.”
Gunjan Srivastava, page 17 of the filed PDF · View the filing
Management said less than 30 days is a good benchmark generally, with 30-45 days acceptable across the year given seasonality.
Answered by Manish Desai
Asked by Aditya Jhawar: What working capital days is the company comfortable with?
p. 20
“I would say net working capital in terms of number of days, anything less than 30 will always be a good benchmark to have it.”
Manish Desai, page 20 of the filed PDF · View the filing
Risks flagged
Rising input costs and aggressive competitor pricing pressuring margins, particularly in washing machines
p. 5
“partially offset by a decline in washing machine margins due to higher input costs and aggressive pricing by competition.”
Gunjan Srivastava, page 5 of the filed PDF · View the filing
Difficulty passing on frequent input cost increases to consumers due to market dynamics
p. 14
“Every day we are getting some further input cost increase. And you cannot go to the market with frequent changes on a pricing, right?”
Manish Desai, page 14 of the filed PDF · View the filing
Balance sheet remains under some stress
p. 20
“our balance sheet is currently slightly stressed, I would say.”
Manish Desai, page 20 of the filed PDF · View the filing
Intense competitive intensity in the consumer appliances market
p. 12
“you appreciate that the competitiveness and the kind of price intensity, which is playing in the ground currently.”
Manish Desai, page 12 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.