Operationally, the company is seeing strong momentum in the March quarter (Q4FY26). In the first two months, its B2B segment (HVAC and information displays) grew 20%, while television sets and washing machines recorded double-digit growth. Even so, full-year FY26 revenue is likely to remain flat or see only marginal growth, weighed down by performance in the nine months ended December (9MFY26). Revenue declined 2% year-on-year to ₹16,550 crore during the period due to channel destocking in Q3, while Ebitda fell a sharper 28% to ₹1,470 crore, hit by elevated copper and aluminium prices and higher other expenses.
