Electronics Mart India (EMIL) Q4 24/25 earnings summary

Executive summary

• FY25 revenue reached INR 6,965 crores, up 11% year-over-year, with Q4 FY25 revenue at INR 1,719 crores, up 13% from Q4 FY24.

• Net profit for FY25 was INR 161 crores, down from INR 184 crores in FY24; Q4 FY25 net profit was INR 31 crores.

• 44 new stores were added during FY25, expanding the network to 200 stores across 82 cities in 4 states and 1.76 million sq. ft. retail area.

• Maintained leadership as the largest electronics retailer in South India, with strong presence in Telangana and Andhra Pradesh.

• Audited standalone and consolidated financial results for FY25 were approved by the Board on 20 May 2025, with unmodified (clean) opinions from statutory auditors.

Financial highlights

• EBITDA for FY25 was INR 451 crores with a margin of 6.6%; pre-Ind AS margin at 4.7%.

• Gross margin for FY25 was 14.3%, slightly down from 14.6% in FY24.

• PAT margin for FY25 was 2.3%, compared to 2.9% in FY24.

• Q4 FY25 EBITDA was INR 114 crores, up 6% year-over-year.

• Net retail sales per store declined to INR 32.1 crores in FY25 due to new store additions.

Outlook and guidance

• Plan to open 25-30 new stores in FY26, focusing on supply chain optimization and inventory management.

• Management expects profitability and margins to improve as new stores mature and operational costs normalize.

• Anticipate higher ASPs in large appliances and air conditioners in FY26 due to technology upgrades.

• Optimistic on demand growth, supported by increased disposable income and favorable demographics.