loader2
Login Open ICICI 3-in-1 Account
Text Size
Text to Speech
Color Contrast
Pause Animations
Open ICICI 3-in-1 Account

Symphony Results: Latest Quarterly Results & Analysis

Open Free Trading Account Online with ICICIDIRECT
+91
Symphony Ltd. 28 Jan 2026 18:05 PM
Result PDF

Q3FY26 Quarterly Result Announced for Symphony Ltd.

Consumer Electronics company Symphony announced Q3FY26 results

  • Revenue: Rs 242 crore against Rs 233 crore during Q3FY25, change 4%.
  • EBITDA: Rs 35 crore against Rs 24 crore during Q3FY25, change 46%.
  • EBITDA Margin: 14.6% for Q3FY26.
  • PAT: Rs -10 crore against Rs 20 crore during Q3FY25.

Nrupesh Shah, Managing Director (Corporate Affairs), Symphony, said:

  • Symphony Limited today reported its financial results for Q3FY26. The Company reported stable year-on-year revenue for the quarter.
  • Symphony trade inventory levels have largely normalized.
  • EBITDA margin softness in the quarter was primarily driven by elevated advertisement and sales promotions expenses in the water heater category.
  • In the Q3FY26, the Company achieved an additional recovery of Rs 4 crore from Pathways, bringing the total year-to-date recovery of Rs 8.5 crore. This recovery is against Rs 50.2 crore written off during FY25.

Result PDF

Result PDF

Consumer Electronics company Symphony announced Q2FY26 results

  • Revenue from Operations: Rs 155 crore compared to Rs 259 crore during Q2FY25, change -40%.
  • EBITDA: Rs 27 crore compared to Rs 72 crore during Q2FY25, change -63%.
  • EBITDA Margin: 17.3% for Q2FY26.
  • PAT: Rs 28 crore compared to Rs 67 crore during Q2FY25, change -58%.

Nrupesh Shah, Managing Director (Corporate Affairs), Symphony, said:

  • Symphony Limited today reported its financial results for the quarter ended September 2025. The Company recorded a year-on-year standalone revenue decline of 40%, attributable to an inventory overhang in the General Trade (GT) channel for air coolers. Amid this temporary overhang, Symphony’s round-the-year product portfolio – including large space venti cooling, tower fans, kitchen cooling fans, water heaters – recorded a respectable growth, albeit on a low base.
  • The EBITDA margin experienced pressure, reflecting softness in gross margins arising from shifts in product mix and operating deleverage.
  • Symphony reinforced its commitment to sustained growth and product innovation by launching multiple new SKUs in both air coolers and water heaters. The Air Force range of air coolers was expanded from three to seven SKUs, bringing the total number of new air cooler SKUs introduced this quarter to nine. The water heater portfolio was also strengthened with the addition of six new storage SKUs and two instant variants.
  • In October 2025, the Company achieved an additional recovery of Rs 4 crore from Pathways, bringing the total yearto-date recovery of Rs 8.5 crore. This recovery is against Rs 50.2 crore written off during FY25.
  • GSK, China, sustained its growth trajectory and is progressing towards debt-free status, supported by:
    • IPR monetization totaling approximately Rs 45 crore, including receipts of Rs 22 crore year to date, with the balance expected in the December 2025 quarter.
    • further supported by internal cash generation.
  • IMPCO, Mexico reported a steady performance during the non-seasonal air cooler quarter. The Company scaled up its washing machine distribution network through new retail partnerships across the country.
  • Climate Holdings, Australia (formerly Symphony AU) registered its third consecutive quarter of year-on-year growth. Transformation initiatives including asset-light operations, product and market expansion, accelerated sales, and cost optimization continue to drive business momentum.

Result PDF

Consumer Electronics company Symphony announced Q1FY26 results

  • Revenue from Operations: Rs 251 crore compared to Rs 393 crore during Q1FY25, change -36%.
  • EBITDA: Rs 26 crore compared to Rs 88 crore during Q1FY25, change -71%.
  • EBITDA Margin: 10.2% for Q1FY26.
  • PAT: Rs 42 crore compared to Rs 88 crore during Q1FY25, change -52%.

Nrupesh Shah, Managing Director (Corporate Affairs), Symphony, said: Symphony Limited today announced its financial results for the quarter ending June 2025, reporting a 39% YoY decline in standalone revenue. This is primarily attributed to pronounced seasonal headwinds, further accentuated by a high base of the June 2024 quarter.

  • Symphony delivered its second-highest June quarter (summer-season) standalone revenue on record and surpassed earlier second-best summer season, despite a shortened and rain-impacted summer-25, coupled with the early onset of monsoon.
  • Standalone EBITDA margin declined by 11.7%, primarily due to product mix and YoY reduced operating leverage.
  • GSK China continued its robust growth momentum, making strides towards becoming debt-free. During FY26 yearto-date, GSK China repaid Rs 27.9 crore towards its inter-company loan to Symphony India, reducing outstanding loan to Rs 26.1 crore from a peak of Rs 59.8 crore in May 2024. The trajectory is bolstered by intellectual property rights monetization and internal cash generation.
  • IMPCO Mexico experienced subdued performance attributed to a milder summer, which moderated EBITDA margins due to YoY lower operating leverage.
  • Symphony AU Australia posted its second consecutive quarter of year-on-year growth, driven by ongoing business transformation initiatives. Key levers fueling this momentum include an asset-light operating model, strategic product and market expansion, accelerated sales, and cost optimization.
  • GSK China has successfully transferred technology know-how and nine intellectual property rights (IPRs) to IMPCO Mexico. The total transaction is valued at ~ Rs 44 crore, with the first tranche, amounting to around Rs 22 crore, already completed. The remaining balance is scheduled for completion in the September 2025 quarter. This move not only accelerates IMPCO Mexico’s product-led growth but also enhances prospects for IMPCO’s divestment / monetization. GSK China continues to retain a strong portfolio of products and IPRs, ensuring sustained innovation and future growth.

Result PDF

Consumer Electronics company Symphony announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Revenue from Operations: Rs 488 crore compared to Rs 332 crore during Q4FY24, change 47%.
  • EBITDA: Rs 103 crore compared to Rs 59 crore during Q4FY24, change 77%.
  • EBITDA margin: 21.22% for Q4FY25.
  • PAT: Rs 79 crore compared to Rs 48 crore during Q4FY24, change 63%.

FY25 Financial Highlights:

  • Revenue from Operations: Rs 1,576 crore compared to Rs 1,156 crore during FY24, change 36%.
  • EBITDA: Rs 316 crore compared to Rs 173 crore during FY24, change 83%.
  • EBITDA margin: 20.05% for FY25.
  • PAT: Rs 213 crore compared to Rs 148 crore during FY24, change 44%.

Nrupesh Shah, Managing Director (Corporate Affairs), Symphony, said:

Consolidated Performance: Our company has achieved significant milestones in the fiscal year 2025. We surpassed an annual revenue of Rs 1,500 crore, reaching Rs 1,576 crore (growth of 36%) and marked the highest ever March quarter revenue, a 47% increase compared to the same period last year. We also recorded the highest annual and quarterly EBITDA and PAT.

Standalone Performance: In stand-alone performance, we crossed the Rs 1,000 crore annual revenue mark, achieving Rs 1,182 crore, a 49% YoY increase. Similar to our consolidated results, we recorded the highest March quarter revenue coupled with highest ever annual and quarterly EBITDA and PBT (before exceptional items). EBITDA margin expanded by 512 basis points at the consolidated level and 404 basis points at the stand-alone level, driven by the successful launch of 17 new air cooler models, gross margin expansion, economies of scale, operating leverage, diverse sales channels, and better penetration in semi-urban and rural areas etc.

Pathway Update: We secured Power of Attorneys (POAs) and executed Equitable Mortgage Documents for 13 immovable properties in and around Delhi, NCR (land parcels, residential and commercial properties) of Pathways, its promoters and associates. These updates are in continuation of our previous communications dated February 18, 2025, February 5, 2025 and October 29, 2024.

Subsidiaries’ performance: GSK, China demonstrated robust financial performance both domestically and internationally. Notably, it repaid a loan of Rs 13.5 crore to Symphony India from internal accruals, reducing the outstanding balance to Rs 49.6 crore. It has also entered into a Technology Transfer Agreement with IMPCO Mexico, valued at approximately USD 5 million (Rs 43.5 crore).

We also written back 9.28 crore impairment provisions earlier made towards equity investment and loan in GSK, China due to its strong financial performance, cash flow, and profitability.

In Brazil, our trading subsidiary continued to perform well, benefiting from strategic expansion in one of the world's largest air-cooler markets.

IMPCO Mexico is witnessing consistent financial growth through broader product offerings and wider distribution reach. The Technology Transfer Agreement with GSK China is poised to further expand our leadership in the plastic air cooler market in Mexico.

Our Australian subsidiary, CT, reversed an 11-quarter trend of year-on-year revenue decline, starting in the June 2022 quarter. This positive momentum is attributed to an expanded product portfolio, broader geographical and distribution reach, and cost optimization efforts. In compliance with Ind-AS, we made an impairment provision of Rs 50.15 crore for our equity investment in Symphony AU (CT), which is non-cash in nature and does not impact ongoing operations or the future roadmap.

Result PDF

Consumer Electronics company Symphony announced Q2FY25 results

  • Revenue from Operations: Rs 259 crore compared to Rs 196 crore during Q2FY24, change 32%.
  • Gross Margin (%) 49.5%, change -40 bps.
  • Profit After Tax: Rs 67 crore compared to Rs 50 crore during Q2FY24, change 36%.
  • EBITDA Margin % 27.8%, change  100 bps.

Nrupesh Shah, Managing Director (Corporate Affairs), Symphony has said: "We are delighted to report our highest ever Revenue and EBITDA on a Standalone and Consolidated basis, and PAT on a Standalone basis for the September quarter. This achievement is a testament to our strong brand, diverse product portfolio, and robust market presence.

The launch of 17 new air-cooler models has significantly bolstered our market position. Additionally, a record-breaking General Trade advance collection, aided by normal season-end inventory levels and buoyant trade sentiment, further underscores our success. Despite off-season conditions, we have witnessed robust secondary sales, reflecting the resilience and appeal of our offerings.

The improvement in Consolidated EBITDA margin is driven by the stellar performance of Symphony India, GSK China, and Symphony Brazil, along with gross margin expansion and positive operating leverage. Moreover, our foray into the water heater market in India has made a promising start, focusing on selected geographies and leveraging chosen distribution channels. We have captured the attention and admiration of both trade partners and customers.

Amidst growth in both revenue and profitability, our Company continues to demonstrate efficient capital utilization, as evident in the reduced capital employed in our core business, both on a standalone basis (negative Rs 171 crore v/s negative Rs 70 crore last year) and a consolidated basis (Rs 114 crore v/s Rs 174 crore last year). As a result, we have observed a marked improvement in the ROCE for our core business. On a standalone basis, ROCE increased to an infinite percentage from 296% last year, and on a consolidated basis, it rose to 93% from 37%, calculated on TTM monthly average capital employed, underscoring the efficacy of our business model in optimizing capital efficiency and driving growth.

The United Nation Environment Programme (UNEP) Emission Gap Report 2024 indicates a concerning trajectory towards a 3.1°C global temperature rise, highlighting a lack of significant progress in climate action despite persistent calls for urgent measures. In response, our company is leading the industry with innovative products that emphasize sustainability and eco-friendliness. We are expanding our portfolio with geography-specific products in India and our overseas subsidiaries. Our strategic focus on semi-urban and rural markets, as well as adjacent product categories, is designed to meet the needs of these emerging segments."

Result PDF

Consumer Electronics company Symphony announced Q1FY25 results:

  • Consolidated Revenue from Operations: Rs 531 crore in the quarter ended June 2024, a 76% increase from Rs 302 crore in the same quarter of 2023. 
  • Standalone Revenue from Operations: Rs 373 crore in the quarter ended June 2024, reflecting a 116% increase compared to Rs 172 crore in Q1FY24.
  • Consolidated Gross Margin: 51.2% for Q1FY25, up by 150 basis points from 49.7% in Q1FY24.
  • Standalone Gross Margin: 52.8% for Q1FY25, an increase of 130 basis points from 51.5% in Q1FY24.
  • Consolidated EBITDA Margin (excluding other income and foreign exchange loss): 21.0% in Q1FY25, a substantial increase of 1,170 basis points from 9.3% in Q1FY24.
  • Standalone EBITDA Margin (excluding other income and foreign exchange loss): 22.0% for Q1FY25, up by 1,780 basis points from 4.2% in Q1FY24.
  • Consolidated Profit After Tax (PAT): Rs 88 crore in Q1FY25, marking a 270% increase from Rs 24 crore in Q1FY24.
  • Standalone Profit After Tax (PAT): Rs 69 crore for Q1FY25, which is a 375% increase compared to Rs 14 crore in Q1FY24.

Nrupesh Shah, Managing Director (Corporate Affairs), Symphony Limited has commented:  “Performance Highlights for quarter ended on June 30, 2024:

  • Strong Jun’24 standalone performance driven by:
    • Scorching and crippling heatwave
    • Strong penetration in semi-urban and rural markets
    • D2C: A growth driver; 100% prepaid (No COD)
  • Highest ever quarterly Revenue & PAT (Standalone and Consol.):
    • Growth in domestic sales 117% YoY (Jun’23) & 58 % v/s historical best any quarter
  • Improvement in EBITDA margin:
    • Gross margin expansion
    • Positive operating leverage
    • Strong performance of IMPCO Mexico and GSK China
  • IMPCO, Mexico:
    • Robust YoY growth: Revenue 46%, EBITDA 36% & PAT 77%
    • Highest ever quarterly Revenue, EBITDA, and PAT
  • CT, Australia:
    • Demand headwind persists
    • Business transformation progressing as planned 
  • GSK, China:
    • Strong positive top-line and bottom-line performance

Result PDF

Consumer electronics company Symphony announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

Consolidated:

  • Revenue: Rs 332 crore
  • Gross Margin: 48.5%
  • EBITDA Margin: 18.2%
  • PAT: Rs 48 crore

Standalone:

  • Revenue: Rs 251 crore
  • Gross Margin: 48.4%
  • EBITDA Margin: 25.3%
  • PAT: Rs 46 crore

FY24 Financial Highlights:

Consolidated:

  • Revenue: Rs 1,156 crore
  • Gross Margin: 48.0%
  • EBITDA Margin: 14.7%
  • PAT: Rs 148 crore

Standalone:

  • Revenue: Rs 796 crore
  • Gross Margin: 49.0%
  • EBITDA Margin: 20.2%
  • PAT: Rs 153 crore

Result PDF

Consumer Electronics company Symphony announced Q2FY24 results:

  • Revenue from operations:
    • Consolidated: Rs 275 crore ( 0.4% YoY)
    • Standalone: Rs 196 crore (-9% YoY)
      • India domestic sales: Rs 191 crore (Q2FY23: Rs 191 crore), despite erratic summer season.
  • Gross Margin improved on a YoY basis:
    • Standalone: 49.9% ( 330 bps)
      • Due to the launch of new products and a favorable product mix.
      • Softening of input costs.
      • Value engineering.
    • Consolidated: 46.1% ( 130 bps)
  • EBITDA Margin improved on a YoY basis, despite negative operating leverage:
    • Standalone: 26.8% ( 520 bps)
    • Consolidated: 15.5% ( 210 bps)
  • Subsidiaries’ performance: A mixed bag
    • CT, Australia: Performance impacted badly on account of demand headwinds.
    • IMPCO, Mexico: Highest ever Q2 revenues.
    • GSK, China: Steady performance YoY.
  • Large Space Venti Cooling (LSV) business continues to deliver robust performance.

 

Result PDF

Consumer Electronics company Symphony announced Q1FY24 results:

  • Despite YoY degrowth of 14% in India domestic sales (Rs 160 crore vis-à-vis Rs 188 crore), Second best Q1FY24 summer sales were up 9% vis-à-vis any pre-Covid June quarter.
  • Increased market share in India
  • Strong performance in International Business:
    • IMPCO Mexico: Highest ever quarterly revenue & EBITDA
    • GSK China: Turnaround, PAT of Rs 1 crore
    • CT Australia: Performance subdued due to local macro headwinds
  • Consolidated Gross Margin: 49.7% (up 400 bps YoY)
  • Standalone Gross Margin: 51.5% (up 60 bps YoY)
    • Aided by price hike, value engineering, and softening of input cost (still higher than pre-Covid level)
  • Consolidated EBITDA Margin: 9.3% (down 110 bps YoY)
  • Standalone EBITDA Margin: 4.2% (down 860 bps YoY)
  • Large Space Venti Cooling (LSV) business continues to deliver robust performance
  • Completion of Buyback: Total payout ~ Rs 249 crore (incl. taxes & incidental expenses)

 

 

Result PDF

Consumer durables company Symphony announced FY23 results:

  • Highest ever standalone and domestic sales surpassing pre-Covid historical high
    • 24% and 21% growth respectively vis-à-vis FY20.
  • The undisputed market leader with a market share of ~ 50% in India 
    • Accelerated product offtake across model
  • Robust domestic sales growth across the channel
    •  Share of modern trade (LFS, RCS, e-Com and D2C) increased to 33%, up from 21% in FY20
    •  3 Years CAGR of modern trade: 23%
  • Global headwinds severely impacted the performance of CT Australia (USA & Australia domestic both)
    •  Impacting consolidated profitability for the year
    • Medium to long-term viability and profitability of USA and Australian markets remain intact
  •  Standalone Gross Margin: 47.9% ( 290 bps YoY)
    • Aided by price hike and softening of input cost (still higher than pre-Covid level)
  • Standalone EBITDA Margin: 20% ( 210 bps YoY) 
  • Standalone PAT: Rs 165 crore ( 49% YoY) 
  • Consolidated PAT: Rs 116 crore (-5% YoY)
  • In addition, the Board of Directors have recommended a final dividend of Rs 1/- (50%) per equity share of Rs 2/- each amounting to Rs 6.90 crore for FY23. The total dividend for FY23 aggregates to Rs 5/- (250%) per equity share amounting to Rs 34.88 cr. including two interim dividends of Rs 4/- (200%) per equity share.

 

 

Result PDF

Trending News

Nestle India adds 20,500 tonnes of Maggi capacity at Sanand facility

Nestle India has announced addition of 20,500 tonnes/annum of Maggi capacity at Sanand facility. 

Published on 02-Apr-2026 09:19

Power Grid wins transmission project for 2.7 GW of renewable energy capacity at Tumkur-II, Karnataka

Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder under Tariff-Based Competitive Bidding (TBCB) for a transmission project aimed at integrating 2.7 GW of additional renewable energy capacity at Tumkur-II, Karnataka. 

Published on 02-Apr-2026 09:18

Tata Power resumes operations at 4,150 MW Mundra thermal power plant

Tata Power Company Limited has resumed operations at its 4,150 MW Mundra thermal power plant in Gujarat from April 1, 2026, after a nine-month shutdown. 

Published on 02-Apr-2026 09:17

Indian Bank's gross advances grow 13.6% YoY to ₹6,680 lakh crore

Indian Bank reported steady business growth in Q4FY26 (provisional), with gross advances rising to ₹6.68 lakh crore, up 13.6% YoY (4.5% QoQ). 

Published on 02-Apr-2026 09:16

South Indian Bank's gross advances grow 15.7% YoY to ₹101,295 crore

South Indian Bank reported steady business growth in Q4FY26 (provisional), with gross advances rising to ₹1,01,295 crore, up 15.7% YoY (4.7% QoQ). 

Published on 02-Apr-2026 09:15

Karnataka Bank's gross advances grow 6.9% YoY to ₹83,336.9 crore

Karnataka Bank reported healthy sequential business growth in Q4FY26 (provisional), with gross advances rising to ₹83,336.9 crore, up 6.9% YoY (7.8% QoQ). 

Published on 02-Apr-2026 09:14

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
Download App

Download Our App

Get it on google Play Store Download on the App Store
market app