Onida Electronics posts 29.5% revenue jump in Q1FY27; stock edges higher
Total income for the quarter stood at ₹184.8 crore, up 30.6% from ₹141.5 crore in the same period last year
Onida Electronics Limited announced a 29.5% increase in revenue from operations for the first quarter of FY2026-27, compared to the same period last year. The surge was primarily driven by strong performance in the LED television and air conditioner segments. LED television sales experienced a notable 56.8% year-on-year growth, propelled by new product launches and promotional efforts.
The air conditioner segment also saw a 39.2% increase, driven by seasonal demand recovery. Overall branded sales rose 35.8% year-on-year. Gross margins improved to 17.3% from 16.3% in Q1 FY26, with branded gross margins reaching 17.9% from 17.0%, due to a more favorable product mix and better realizations across categories. Despite this growth, the company continued to report a loss at the bottom line, with profit after tax at a loss of ₹14.2 crore, up from a loss of ₹12.5 crore in the previous quarter.
The company officially completed its name change from MIRC Electronics Limited to Onida Electronics Limited during this period. Shares of Onida Electronics were trading at ₹39.03 on the NSE as of August 10, 2026, up 1.69% from the previous close of ₹38.38. The stock has gained over 91% in the past year, outperforming the Nifty 50, which only gained around 0.9% during the same period.
The company's market capitalization was approximately ₹1,441.74 crore, with a 52-week high of ₹49.23, reached in May 2026.
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