• Q1 Financial Performance: Revenue grew 15.5% year-on-year to ₹7,233 crore, with EBITDA rising 26.2% to ₹904 crore and profit after tax increasing 27.2%, driven by double-digit growth across all product categories.
• Margin Expansion Drivers: EBITDA margins improved by 110 bps to 12.5% through higher localization rates of 54–55%, operating leverage, premium product sales, and a 60% growth in the annual maintenance contract business.
• Festive Demand Outlook: Management expects strong festive performance supported by a longer selling window before November Diwali, stable tax regulations, and new product launches, including an entry into the ₹3,000 crore chest freezer segment.
• Television Segment Growth: Consumer demand is rapidly shifting toward large screens, with 55-inch and above models contributing over 50% of premium sales, while LG maintains a 60% market share in OLED technology.