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Nifty Consumer Durables Results: Latest Quarterly Results & Analysis

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PG Electroplast Ltd. 13 Nov 2025 17:19 PM

Q2FY26 Quarterly Result Announced for PG Electroplast Ltd.

Consumer Electronics company PG Electroplast announced Q2FY26 results

  • Revenues stood at Rs 655.37 crore, down 2.4% YoY.
  • EBITDA stood at Rs 44.68 crore vs Rs 60.54 crore in Q2FY25 – down 26.2%.
  • Net Profit for the quarter stood at Rs 2.38 crore, vs Rs 19.47 crore in Q2FY25.

Vikas Gupta, Managing Director, said: “Sales performance in the first half of FY26 was impacted by subdued demand in the Room AC segment, resulting in a moderated growth. However, underlying demand indicators remain healthy, and the recent reduction in GST rates is expected to enhance product affordability and accelerate category penetration over the medium term. Given the structurally low penetration of Room ACs in India, we continue to see significant headroom for sustained growth.

Capital efficiency continues to be a key operating principle, with all capital allocation decisions guided by sustainable profitability and value-accretive metrics. While near-term growth momentum may moderate, the medium to long-term outlook remains positive. The Company is committed to building a resilient, high-performing organization that consistently delivers superior returns and long-term stakeholder value.

The Company remains steadfast in its focus on research and development, product innovation, capital-efficient expansion, and strengthening strategic client partnerships. Ongoing investments in new platform development and capacity augmentation across core product categories are progressing as planned.”

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Consumer Electronics company Voltas announced Q2FY26 results

  • Consolidated Total Income of Rs 2,412 crore, compared to Rs 2,725 crore in Q2FY25.
  • Profit Before Tax of Rs 54 crore vs Rs 205 crore in Q2FY25.
  • Net Profit of Rs 32 crore compared to Rs 133 crore Q2FY25.

Mukundan Menon C P, Managing Director, Voltas, said: “The second quarter of FY26 was marked by external challenges, but our fundamentals remain strong. The GST reduction and upcoming BEE efficiency transition will unlock pent-up consumer demand in upcoming quarters. Our integrated strategy, diversified portfolio, combining product innovation, manufacturing excellence, and channel revitalisation, positions us well for sustainable growth and value creation”.

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Household Appliances company Cera Sanitaryware announced Q2FY26 results

  • Revenue from Operations: Rs 4,879 million against Rs 4,900 million during Q2FY25, change -0.4%.
  • EBITDA: Rs 671 million against Rs 696 million during Q2FY25, change -3.6%.
  • EBITDA Margin: 13.8% for Q2FY26.
  • PAT: Rs 566 million against Rs 681 million during Q2FY25, change -16.9%.
  • EPS: Rs 43.92 for Q2FY26.

Vikram Somany, Chairman & Managing Director, said: “Amidst a backdrop of soft consumer demand, CERA delivered a resilient performance in Q2 FY26, marked by encouraging developments across key business segments. Sanitaryware and Faucetware together accounted for 47% and 40% of total revenues, respectively. Project sales accounted for 39% of the topline and maintained a healthy momentum. We remain confident that retail demand will gradually improve and normalize over time, supported by underlying market fundamentals and our strategic initiatives.

During the quarter, the Company advanced its brand architecture with promising advancements in Senator and the recently launched Polipluz. For Senator, we remain firmly on track toward our FY26 flagship rollout target of 45-50 stores, with 28 stores already operational. Both brands are now backed by dedicated teams, with the onboarding process nearly complete. In Polipluz, team ramp-up and on-ground activation have progressed well, supported by focused promotional efforts. Early market feedback for both brands has been favorable, reflecting growing acceptance and confidence in their differentiated positioning. Additionally, during the quarter, we made strong progress on our Dealer Management System (DMS) initiative, which will enhance visibility, accountability, and data-led decision-making across our channel network.

Our continued emphasis on cost optimization is delivering measurable results, reinforcing our ability to sustain margins amid a challenging demand environment. CERA has consistently undertaken strategic initiatives to sharpen its product portfolio, refine its market engagement strategy, and accelerate innovation across product categories. These timely actions — underpinned by the credibility and execution strength of a four-decade legacy — position the Company to capture growth with greater agility and scale as the industry demand cycle begins to turn upward. With our strong fundamentals, proven execution capabilities, and clear strategic direction, we are confident of capitalizing on emerging macro demand tailwinds and driving sustainable value creation for all stakeholders.”

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Gems & Jewellery company Kalyan Jewellers India announced Q2FY26 results

Consolidated Financial Highlights:

  • Consolidated revenue for Q2FY26 was Rs 7,856 crore, a growth of 30% when compared to Q2FY25.
  • PAT for Q2FY26 was Rs 261 crore.

Standalone Financial Highlights:

  • Standalone revenue (India) for Q2FY26 was Rs 6,843 crore a growth of 31% when compared to Q2FY25.
  • PAT for Q2FY26 was Rs 262 crore.

Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India, said: “We are extremely happy with the excellent all-round performance during the recently concluded quarter with an exceptional nine days of Navratri sale to end the quarter on a very strong note. The pick up in the momentum that we witnessed during Navratri continued to the ongoing quarter as well. Samestore-sales-growth for the 30-day period ending Diwali was in excess of 30% on a like for like basis. We are upbeat about the ongoing wedding season across the country and are fully geared up with fresh collections and campaigns.”

Result PDF

Consumer Electronics company Blue Star announced Q2FY26 results

  • The Company’s Revenue from Operations grew by 6.4% to Rs 2,422.37 crore for the quarter ended September 30, 2025, as compared to Rs 2,275.96 crore during the same period in the previous year.
  • The Operating Profit (EBITDA excluding Other Income) for the quarter increased by 22.8% to Rs 183.41 crore (7.6% of Revenue) compared to Rs 149.31 crore (6.6% of Revenue) in Q2FY25.
  • Other Income, including income from treasury investments, for Q2FY26 was Rs 10.01 crore as compared to Rs 18.51 crore in Q2FY25.
  • Finance costs for the quarter increased to Rs 16.92 crore as compared to Rs 6.48 crore in the same period of the previous year, mainly due to higher borrowing levels as compared to corresponding previous quarter.
  • Tax expense for the quarter was Rs 33.39 crore as compared to Rs 35.04 crore in Q2FY25.
  • Profit Before Tax (before exceptional items and share in profit/(loss) from JV) grew by 1.3% to Rs 133.16 crore in Q2FY26 compared to Rs 131.39 crore in Q2FY25.
  • Net Profit for the quarter grew by 2.8% to Rs 98.78 crore as compared to Rs 96.06 crore reported in the same period of the previous year.
  • Earnings per share (not annualised) for Q2FY26 (Face value of Rs 2.00) was Rs 4.80 compared to Rs 4.67 in Q2FY25.

Vir S. Advani, Chairman & Managing Director, Blue Star, adds, “While demand in some businesses was temporarily impacted, the Company’s diversified portfolio and strong execution capabilities continue to reinforce its long-term growth trajectory. As far as the Room AC business is concerned, the benefit of GST rate rationalisation is likely to accelerate consumer demand and drive long-term market expansion. Also, with the energy label change scheduled for implementation on January 1, 2026, we expect a rise in demand during the Christmas and New Year period. While the Electro-Mechanical Projects business may see slower order inflows, the Commercial Air Conditioning business is poised for a revival in demand. We remain focused on both prudent cost management as well as optimising the working capital levels to enhance our performance in the second half of this fiscal year.”

Result PDF

Consumer Electronics company Whirlpool of India announced Q2FY26 results

  • Consolidated Revenue from operations at Rs 1,647 crore, down by 3.8% vs LY.
  • Consolidated PBT at Rs 57.5 crore, down by 21.6% vs LY.
  • Consolidated PAT at Rs 42 crore, down by 21.9% vs LY.
  • Gross margin improved by 50 basis points driven by cost productivity actions despite macroeconomic headwinds thanks to a strong P4G (productivity for growth) program. Decline in overall profitability was mainly due to impact of lower revenue and incremental E-waste provisions.

Result PDF

Household Appliances company V-Guard Industries announced Q2FY26 results

  • Consolidated Net Revenue from operations for Q2FY26 is Rs 1,340.92 crore; a growth of 3.6% over the revenue recorded in Q2FY25 (Rs 1,293.99 crore).
  • Consolidated Profit After Tax for Q2FY26 is Rs 65.29 crore, a growth of 3.0% as against Rs 63.39 crore recorded in Q2FY25.

Mithun. K. Chittilappilly, Managing Director, V-Guard Industries, said: "Business has delivered modest growth across segments in the second quarter because of headwinds including higher than average rainfall, weak demand and GST transition. Gross margins improved further during the quarter.

Reforms introduced as part of GST 2.0 are a welcome step towards simplifying the tax structure and boosting consumption. We expect the improvement in demand to start reflecting in the coming quarters."

Result PDF

Footwear company Bata India announced Q2FY26 results

  • Revenue from operations for the quarter stood at Rs 8,013 million, vs Rs 8,371 million in Q2FY25,
  • EBIDTA for the quarter stood at Rs 1,664 million vs Rs 1,918 million for Q2FY25.

Gunjan Shah, MD & CEO, Bata India, said: “With the roll out of GST 2.0 and pre-festive buying enthusiasm, the demand has started to revive. While overall Quarter 2 did have muted demand adversely impacted by the GST 2.0 transition, we are seeing positive signs of recovery this festive season post 22nd Sept. We reported revenue of Rs 8,013 Million with key highlights:

  • Premium products showing robust growth in brands like Hush Puppies and Power.
  • Our Victoria Ballerina campaign touched the right chords and attracted female customers, helping us gain additional 1% in the Sales mix.
  • We also achieved highest weekly pairage contribution from our Power Easy Slide collection.
  • We passed on the GST benefits to our customers much prior to the official announcements, to unclog the demand pipeline.
  • We added 30 Franchise Stores in the quarter as we continue to expand in smaller towns /semiurban markets.

We continue to accelerate on managing inventory, merchandising and decluttering initiatives. In line with our long-term strategy towards bringing best-in-class efficiency standards, we have undertaken another VRS in one of our manufacturing units.

We remain cautiously optimistic about recovery towards balance of this year, backed by our strong market positioning and wide network while maintaining strong focus on cost efficiencies.”

Result PDF

Ceramics company Kajaria Ceramics announced Q2FY26 results

  • Revenue: Rs 1,186.56 crore compared to Rs 1,179.27 crore during Q2FY25.
  • PBT: Rs 180.68 crore compared to Rs 123.46 crore during Q2FY25, change 46%.
  • PAT: Rs 132.96 crore compared to Rs 84.27 crore during Q2FY25, change 58%.

Chairman's message: "Our consolidated revenue for the quarter stood at Rs 1186.56 crore, indicating a minimalistic growth compared to the corresponding period last year mainly due to soft market andabsence of ply sales due to closer of this division.

However, the margins continued to improve further in Q2FY26 to 17.94% as compared to 13.47% in Q2FY25.

With Kajaria 2.0, we enter a new chapter of bold transformation,fresh thinking, and renewed energy — led by both Chetan and Rishi who have been recently elevated as Vice Chairman and Managing Director respectively. I am confident that Kajaria’s future rests in capable and visionary hands."

Result PDF

Footwear company Bata India announced Q1FY26 results

  • Revenue from operations for Q1FY26 stood at Rs 9,419 million vs Rs 9,446 million for Q1FY25 on consolidated basis.
  • Consolidated Net Profit stood at Rs 520 million.

Gunjan Shah, MD & CEO, Bata India, said: “The quarter witnessed headwinds accentuated by fluctuating weather patterns and geopolitical uncertainties. Amidst these and considering the demand trends, we pushed ahead with our affordability initiatives across categories to drive volume-based growth. We reported revenue of Rs 9,419 million, broadly stable on a YoY basis. However, we are encouraged by the strong resilience in our premium brands like Hush Puppies, Comfit and Floatz.

Our initiatives on inventory, merchandising and decluttering continue to work well. We added 20 Franchise Stores in the quarter, driven by the franchise model focused on town expansion/semi-urban markets.

We continue to maintain a balanced approach between managing near-term challenges and investing in long-term growth drivers. We are optimistic about consumption recovery towards balance of this year, backed by our strong market positioning and wide network while maintaining strong focus on cost efficiencies.”

Result PDF

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