Onida Electronics Limited (onida): Q1fy27 Results Show Healthy Top-line Growth Led by LED and Air Conditioner

Onida Electronics Limited (ONIDA) commenced FY27 with strong revenue growth, driven by robust performance across its branded portfolio. Healthy momentum in the LED Television and Air Conditioner businesses, coupled with an improved product mix, contributed to higher gross margins during the quarter.

Key Financial Highlights

Revenue from Operations grew 29.5% year-on-year to ₹182.4 crore, driven by 35.8% growth in the branded product business. Total Income increased 30.6% year-on-year to ₹184.8 crore, reflecting healthy business momentum during the quarter. Overall Gross Margin improved to 17.3%, compared to 16.3% in Q1 FY26, supported by a favourable product mix.

Key Business Highlights

LED televisions emerged as the key growth driver during the quarter, registering 56.8% year-on-year growth, supported by new product launches and promotional initiatives. The Air Conditioner business recorded 39.2% year-on-year growth, reflecting recovery in seasonal demand and improved market traction. Overall branded sales achieved 35.8% year-on-year growth, driven by strong demand across key product categories.

The Company’s branded business delivered strong growth during the quarter, led by robust performance in the LED television and Air Conditioner categories. LED sales benefited from new product introductions and promotional initiatives, while the Air Conditioner business witnessed healthy demand recovery. The improvement in product mix and realizations across key categories contributed to higher gross margins amid a competitive market environment.

Source: NSE Corporate Announcement

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