Bajaj Electricals Ltd. — Regulatory Filings 2025

Aug 7, 2025

August 7, 2025

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To, BSE Limited : Department of Corporate Services Phiroze Jeejeebhoy Towers, Dalal Street Mumbai 400 001.

Code No. 500031

National Stock Exchange of India Limited : Listing Department Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai 400 051

BAJAJELEC - Series: EQ

Dear Sir/Madam,

Sub.: Presentation on the Unaudited Financial Results of Bajaj Electricals Limited (“Company”) for the first quarter ended June 30, 2025

The presentation on the Unaudited Financial Results of the Company for the first quarter ended June 30, 2025, is enclosed herewith.

We request you to take the above on record and treat the same as compliance under the applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Thanking you,

Yours faithfully, For Bajaj Electricals Limited Prashant Digitally signed by Prashant Anant Dalvi Anant Dalvi Date: 2025.08.07 15:22:10 +05'30' Prashant Dalvi Chief Compliance Officer & Company Secretary (ICSI Membership No.: A51129)

Encl.: As above.

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Corporate Office: Mulla House 51, Mahatma Gandhi Road, Mumbai 400 001 Tel: +91 22 6149 7000 | www.bajajelectricals.com Registered Office: 45/47, Veer Nariman Road, Fort, Mumbai 400 001 Tel: +91 22 6110 7800 | Email: legal@bajajelectricals.com | CIN: L31500MH1938PLC009887

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Investor Presentation Q1 FY’26

August 07, 2025

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Disclaimer

The material that follows is a Presentation of general background information about the activities of Bajaj Electricals Limited ( “Company” ) or its subsidiary or joint venture or associate (together with the Company, the “Group” ) as at the date of the Presentation or as otherwise indicated. It is information given in summary form and does not purport to be complete and it cannot be guaranteed that such information is true and accurate. This Presentation has been prepared by and is the sole responsibility of the Company. By accessing this Presentation, you are agreeing to be bound by the trading restrictions. It is for general information purposes only and should not be considered as a recommendation that any investor should subscribe to or purchase the Company’s equity shares or other securities.

This Presentation includes statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “anticipates”, “believes”, “estimates”, “expects”, “intends”, “may”, “plans”, “projects”, “seeks”, “should”, “will”, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, aims, objectives, goals, future events or intentions. These forwardlooking statements include all matters that are not historical facts. They appear in a number of places throughout this Presentation and include statements regarding the Company’s intentions, beliefs or current expectations concerning, amongst other things, its results or operations, financial condition, liquidity, prospects, growth, strategies and the industry in which the Company operates. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. The factors which may affect the results contemplated by the forward looking statements could include, among others, future changes or developments in (i) the Group’s business, (ii) the Group’s regulatory and competitive environment, and (iii) political, economic, legal and social conditions in India or the jurisdictions in which our Group operates.

Forward-looking statements are not guarantees of future performance including those relating to general business plans and strategy of the Company, its future outlook and growth prospects, and future developments in its businesses and its competitive and regulatory environment. No representation, warranty or undertaking, express or implied, is made or assurance given that such statements, views, projections or forecasts, if any, are correct or that the objectives of the Company will be achieved. There are some important factors that could cause material differences to Company’s actual results. These include (i) our ability to successfully implement our strategy (ii) our growth and expansion plans (iii) changes in regulatory norms applicable to the Company (iv) technological changes (v) investment income (vi) cash flow projections etc. The Company, as such, makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinions contained herein. The information contained in this Presentation, unless otherwise specified is only current as of the date of this Presentation. The Company assumes no responsibility to publicly amend, modify or revise any forward-looking statements, on the basis of any subsequent development, information or events, or otherwise. Unless otherwise stated in this Presentation, the information contained herein is based on management information and estimates. This document is just a Presentation and is not intended to be and does not constitute a “prospectus” or “offer document” or a “private placement offer letter” or an “offering memorandum” or an “offer” or a solicitation of any offer to purchase or sell any securities.

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Table of Contents

1 Q1 FY’26 – Performance Overview 2 Financial Highlights 3 Business Highlights

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Table of Contents

Q1 FY’26 – Performance Overview Financial Highlights Business Highlights

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Q1 FY’26 – Performance Overview

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Core FMEG Performance (7.8% de-growth on YoY basis due to the early onset of monsoon impacting summer products)

• Consumer Products (CP) Segment : 10.8% de-growth on a YoY basis – Strong growth in kitchen and non-seasonal appliances unable to offset de-growth in summer products

• Lighting Solutions (LS) Segment : 3.1% growth on a YoY basis, mainly driven by B2C lighting

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Channel Highlights*

• GT witnessed a drop of c.1% YoY basis, mainly due to revenue contraction in summer products

• High double-digit growth in exports, overall drop in alternate channel

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Cash Position

• Strong Balance Sheet with C&CE and surplus investments to the tune of c. INR 433 Cr

*Gross sales data

GT: General Trade| C&CE: Cash & Cash Equivalents

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Table of Contents

Q1 FY’26 – Performance Overview Financial Highlights Business Highlights

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Q1 FY’26 – Profit & Loss Statement

	(INR Cr)	(INR Cr)	(INR Cr)
	Particulars	Q1 FY’26 Q1 FY’25 YoY (%) Q4 FY’25	Commentary Revenue:Consumer Products (CP) witnessed decline, slightly offset by growth in Lighting Solutions segment Staff Cost:Increase due to increments and retention provisions to the tune of c. INR 6 Cr Depreciation:Increased due to capitalization of leases for new godowns and warehouses and new moulds to the tune of c. INR 5 Cr Other Expenses:Spends towards brand building and promotional activities to the tune of c. INR 7 Cr. Brand investments at 4% vs 3.4% YoY mainly due to IPL campaign Finance Cost: Includes interest on vendor financing to the tune of c. INR 10 Cr and interest on lease liability of c. INR 5 Cr Other Income: Treasury Income to the tune of c. INR 10 Cr, Interest on IT refunds of c. INR 3 Cr
	Revenue from Operations 1,065 1,155 (7.8%) 1,265 Less : COGS 734 796 (7.7%) 872
	Gross Margin 330 359 (8.0%) 394
	Staff Cost 99 93 6.2% 95 Other Expenses 198 190 3.9% 206 Depreciation and Amortisation 37 32 16.3% 41 Add : Other Income 30 11 185.7% 16
	EBIT 27 54 (50.9%) 68
	As % of Revenue 2.5% 4.7% 5.4%
	Less : Finance Cost 18 16 11.4% 18
	Profit Before Exceptional Items and Taxes 9 38 (76.6%) 50
	Less: Exceptional Items 7 - (21)
	PBT 2 38 (96.0%) 71
	Less: Taxes 1 10 12
	PAT 1 28 (96.8%) 59
	As % of Revenue 0.1% 2.4% 4.7%

IPL: Indian Premier League

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Q1 FY’26 – Segment Details

Segment Revenue	Q1 FY’26 (₹ Cr) Q1 FY’25 (₹ Cr) YoY (%) Q4 FY’25 (₹ Cr) 807 905 (10.8%) 994 258 250 3.1% 271 1,065 1,155 (7.8%) 1,265 Q1 FY’26 Q1 FY’25 Q4 FY’25 EBIT (₹ Cr) EBIT (%) EBIT (₹ Cr) EBIT (%) EBIT (₹ Cr) EBIT (%) (14) (1.7%) 23 2.5% 39 3.9% 27 10.6% 26 10.5% 21 7.8% 27 2.5% 54 4.7% 68 5.4% Commentary Consumer Products Segment: • Drop in cooler sales by > 40% along with double-digit drop in fans • Double–digit growth in water heaters and kitchen appliances for Q1 FY’26 • EBIT margin contracted due to operating deleverage Lighting Solutions Segment: • Mid single–digit growth in Consumer Lighting, aided by growth in Professional Lighting • Single-digit volume growth and double-digit value growth in GT in Consumer Lighting • EBIT% improvement of c.200 bps YoY on like-to-like basis (closure of legacy projects in Q1 FY’25)
Particulars		Q1 FY’26 (₹ Cr)		Q1 FY’25 (₹ Cr)			YoY (%)		Q4 FY’25 (₹ Cr)
Consumer Products		807		905			(10.8%)		994
Lighting Solutions		258		250			3.1%		271
Total Revenue	1,065 1,155 (7.8%) 1,265
Segment Results
Particulars	Q1 FY’26				Q1 FY’25			Q4 FY’25
	EBIT (₹ Cr)		EBIT (%)		EBIT (₹ Cr)	EBIT (%)		EBIT (₹ Cr)		EBIT (%)
Consumer Products	(14)		(1.7%)		23	2.5%		39		3.9%
Lighting Solutions	27		10.6%		26	10.5%		21		7.8%
**Total ***	27		2.5%		54	4.7%		68		5.4%

*Includes other unallocable income & expense

GT: General Trade

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Table of Contents

Q1 FY’26 – Performance Overview Financial Highlights

Business Highlights

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New Product Launches: Consumer Products

85 Launches*

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Ardenelle

Robusto V HS– TPW

Nex DAC D2i BLDC 75L Desert Cooler

• Telescopic seamless canopy design – Enhanced aesthetics

• Stationary bottom cover with unique blade design

• Speed – 330 RPM, Air Delivery – 220 CMM, Power – 55W

• Range of 7 unique shades

• Product Warranty – 2 years

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• TuffStorm - Industry’s First 5 Years Comprehensive Product Warranty

• FierroShield ZZ Ball Bearing – 50% Extra Motor Warranty

• DuraCoat Copper – 2.5X Longer Warranty

• RibbedTuff Blades – Better Dimensional Stability

• Speed of 2200 RPM

• PeakTorqTM BLDC Motor

• Remote Control Operation

• Digital display and touch control

• Circular Louvers, Contemporary design

• Energy efficient – 70% less power consumption (Savings of INR 2,100 per year)

*No. of SKUs

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New Product Launches: Consumer Lighting

62 Launches*

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Celesta Surface Tracklight COB

• 330° Horizontal Rotation

• Aluminum Housing

• COB Technology

• Wide Operating Voltage Range (100V300V)

• Available in 10W & 15W

Juvel COB Surface Cylinder

• Elegant Decorative Reflector

• Voltage Surge Protection - 3.5 kV

• Wide Operating Voltage Range (100V300V)

• Sleek Cylindrical Design (available in Black & White)

Juvel Deco Downlight

• Elegant Decorative Reflector

• Voltage Surge Protection - 3.5 kV

• Wide Operating Voltage Range (120V300V)

• Dual Housing Design (available in Black & Whtie)

Solarz Duo Rc Solar Torch

• Dual Charging Options – Solar and USB C

• Portable Torch & Side Lamp

• Solar Panel for ease of charging

• Sturdy Design

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*No. of SKUs

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New Product Launches: Professional Lighting

287 Launches*

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Flair Solar Street Light

Skylux Surface 1x4 Troffer

Glint Recessed Down light

• Slick Luminaire With Lifepo Battery, Solar Panel And Charger Built Into The Luminaire.

• Sleek Design: Modern & minimalistic design to complement any interior.

• Energy Efficiency: Best-in-class efficacy of upto 110 Lm/W

• Solar Differential Dimming Profile:

• Factory Set Dimming

• Smart & Connected

• Energy Efficiency: Bright illumination while minimizing energy consumption.

• Durability: High-quality LEDs, with LED burning hours more than 50000.

• Versatility: Suitable for grid & POP ceilings.

• Enhanced Driver Performance: Ensures THD of less than 10%, for reliable and efficient operation.

• High Colour Rendering Index: Vibrant colour accuracy with a CRI greater than 80, enhancing visual quality of any environment.

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*No. of SKUs

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Professional Lighting: Projects Undertaken

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Key highlights:

• High-Performance Blaster LED Floodlights

• Glare Control & Beam Precision

• Smart Control System (DMXCompatible)

• Sustainable & Energy-Efficient Design

MCA international Stadium, Mahunje, Pune

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Professional Lighting: Projects Undertaken

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Key highlights:

• Illuminated sports facilities at IIT Indore – Badminton

court , Athletic track, cricket ground

• High-performance Amaze Plus Flood Light series

IIT Indore

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IPL campaign on JioHotsar

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Campaign presence throughout the summer season

>117 Spots across 40 prime matches

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> 3.5 Crore reach > 31 Crore impressions

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Morphy Morphy Richards – Richards – PG Influencer promotion on Launch in Instagram Trade

Air fryer Oven Promotion theme: ‘Mothers day’ – reach of 12M

Brand Activities

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Nex – Influencer (Seasonal) + Coolers promotion for launch

A95 IoT fans promotion, Coolers Unboxing – reach of 15M

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Nex - Connecting with Architects

Indexplus exhibition with a footfall of 15k in 3 days

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Awards & Recognition

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India Procurement Leadership Award - 2025

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By Institute of Supply Chain Management (ISCM)

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13.8%
7.9%
15.6%
Promoter and Promoter Group
Foreign Institutional Investors
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Shareholding Pattern as on 30[th ] June 2025

Bajaj Electricals Limited

CIN : L31500MH1938PLC009887

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Regd. Office : 45/47, Veer Nariman Road, Fort, Mumbai 400023

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Website : www.bajajelectricals.com

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IR related queries (Bajaj Electricals Limited): Suketu Shah (suketu.shah@bajajelectricals.com) Ankit Bahal (ankit.bahal@bajajelectricals.com)

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62.7%
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Domestic Institutional Investors Others/Retail Investors

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Thank you