NSE:SYMPHONY management interview: Symphony Says Demand Better Than Last Year Despite Weak Q4 | CNBC TV18
CNBC-TV18, 2026-05-18. Video: https://www.youtube.com/watch?v=T8jDIj4LPuU
- Import dependency: Symphony faces no impact from compressor import curbs as its evaporative coolers do not require compressors, with domestic procurement exceeding 95% and import content below 4% of material costs.
- Regional demand trends: South, West, and Central India have rationalized trade inventory and generated strong demand higher than last year, while sales in Northern and Eastern India are expected to recover following delayed summer onset.
- Product diversification: Non-summer products have expanded to account for 25% of standalone revenue and 49% of consolidated revenue, delivering high single-digit EBITDA margins despite upfront promotional expenses.
- Debt and impairments: All asset impairments are fully completed, and the full prepayment of Australian debt is set to reduce annualized interest costs by ₹13 crore to ₹14 crore.
- FY27 performance outlook: Management expects FY27 financial performance to be reasonably better than FY26 with no revenue decline, though company policy prevents issuing specific numerical guidance.