Slides
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Investor Presentation Fueled by Experience, Growing with Trust November 2026 Inves tor Presen tation
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SAFE HARBOR This presentation and the accompanying slides (the “Presentation”), which have been prepared by Electronics Mart India Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections. 2
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Q2 & H1 FY27 BUSINESS & FINANCIAL PERFORMANCE Electronics Mart India Limited
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Revenue from Operations Q2 FY27 FINANCIAL SNAPSHOT 4 Rs. 1,900 Crores 53% 33% 14% Mobiles Large Appliances Small Appliances, IT & Others Product Mix (Q2 FY27) Financial Highlights Operational Highlights Sales Mix and Store Ownership Same Store Sales Growth 16.5%19% Gross Profit Rs. 293 Crores 31% EBITDA Rs. 131 Crores 61% Profit After Tax* Rs. 40 Crores 149% GP Margin 15.4% EBITDA Margin 6.9% 180 bps PAT Margin 2.1% 110 bps Bill Cuts (Nos. in ‘000) 701 3.4% Average Ticket Size (Rs.) Rs. 25,756 14.6% 130 bps All growth/bps figures represent YoY change, Q2 FY27 vs Q2 FY26 *Q2 FY 26 inc lude d an exc eptio na l gain o f R s. 15.19 c ro res, fro m an insuranc e settleme n t fo r the go do w n fire and the sale o f f o ur “IQ” retail stores. ► ► • • • ► ► ►
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Revenue from Operations H1 FY27 FINANCIAL SNAPSHOT 5 Rs. 4,319 Crores 45% 41% 14% Mobiles Large Appliances Small Appliances, IT & Others Product Mix (H1 FY27) Financial Highlights Operational Highlights Sales Mix and Store Ownership Same Store Sales Growth 27.5%30% Gross Profit Rs. 710 Crores 49% EBITDA Rs. 369 Crores 93% Profit After Tax* Rs. 161 Crores 326% GP Margin 16.4% EBITDA Margin 8.6% 280 bps PAT Margin 3.7% 260 bps Bill Cuts (Nos. in ‘000) 1,683 20.2% Average Ticket Size (Rs.) Rs. 24,425 7.3% 210 bps All growth/bps figures represent YoY change, H1 FY27 vs H1 FY26 *H 1 FY 26 inc lude d a net exc eptio na l gain o f R s. 7.02 c ro res: the Q2 gain o f R s. 15.19 c ro res less the Q1 FY 26 go do w n fire lo s s o f R s. 8.17 c ro res. ► ► • • • ► ► ►
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CLUSTER-WISE FINANCIAL PERFORMANCE 6 NCR MBO : 36 EBO : 1 Cities : 5 Telangana MBO : 111 EBO : 6 Cities : 42 Andhra Pradesh MBO : 74 Cities : 54 Kerala MBO : 1 City : 1 NORTH CLUSTER (Rs. Crs.) SOUTH CLUSTER (Rs. Crs.) 1,408 1,697 1,677 2,095 1,638 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 +16% 116 166 151 209 168 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 +45% NORTH CLUSTER EBITDA MARGIN* (H1 FY27) 3.4% SOUTH CLUSTER EBITDA MARGIN* (H1 FY27) 9.3% *The EBITDA margin (%) is calculated at the store level and excludes corporate and warehouse expenses.. The figures are presented on a Pre –Ind AS 116 basis . Cluster Sales Include EBO & MBO Sales Combined ✓ Began North cluster operations in 2022 and are scaling aggressively, following the same strategy that drove success in the South ✓ As scale builds, the Company expects store productivity and margins to align with South cluster benchmarks ✓ North cluster presents a large addressable market, and the Company is steadily building presence as it did earlier in the South Map not to scale, for representation purpose only NORTH CLUSTER (Rs. Crs.) -------'c=)---i ------1C)~-----.l
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CLUSTER WISE REVENUE – Q2 & H1 FY27 7 Telangana – HYD City Telangana – UP Country Andhra Pradesh 919 1,065 Q2 FY26 Q2 FY27 +16% Delhi NCR 226 264 Q2 FY26 Q2 FY27 +17% 242 301 Q2 FY26 Q2 FY27 +24% 114 166 Q2 FY26 Q2 FY27 +46% Revenue (Rs. Crs.) SSSG 15.4% 13.4% 17.7% 32.4% Cluster Sales Include Only MBO Sales Q2 FY27 1,881 2,357 H1 FY26 H1 FY27 +25% 459 608 H1 FY26 H1 FY27 +33% 517 747 H1 FY26 H1 FY27 +45% 273 372 H1 FY26 H1 FY27 +36% Revenue (Rs. Crs.) SSSG 24.8% 29.6% 38.6% 25.2% H1 FY27
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Mature Stores vs Non Mature Stores 8 Mature Store Stores > 4 Years Old Non Mature Store Stores <4 Years Old Number Of Stores Total Revenue from Sales of Products - Retail Total EBITDA EBITDA Margin (%) 102 Stores Rs. 2,975 Crores Rs. 289 Crores 9.7% 6.4% Rs. 72 Crores Rs. 1,136 Crores 127 Stores With a significant part of our network still in early stages, we expect profitability to improve as more stores mature and unlock higher throughput and operating leverage Metrics Revenue and EBITDA include EBO & MBO. The figures are on a Pre -Ind AS 116 basis, net of rent expenses and before corporate and warehouse expenses. .
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STRONG CASH FLOW & BALANCE SHEET 9 Cash Flow from Operations Working Capital Post IND-AS 116 Pre IND-AS 116 272 384 Sep-25 Sep-26 Rs. Crs. Rs. Crs. 202 304 Sep-25 Sep-26 77 73 69 4 3 24 3 10 Sep-25 Mar-26 Sep-26 Inventory Days Recievable Days Creditor Days 73 In Days6177 RoCE* 18.5% Cash & Cash Equivalents Rs. 24 Crs. Total Equity Rs. 1,787 Crs. RoE* 12.9% ROE and ROCE are calculated on a trailing twelve months (TTM) basis, using average equity and average capital employed • • •
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Q2 FY27 PROFIT AND LOSS STATEMENT 10 Profit & Loss (in Rs. Crore) Q2 FY27 Q2 FY26 YoY (Reported)Reported Ind-AS 116 Impact Pre Ind-AS 116 Reported Ind-AS 116 Impact Pre Ind-AS 116 Total Revenue 1,899.7 1,899.7 1,591.0 1,591.0 19.4% Purchases of stock in trade 2,003.8 2,003.8 1,561.2 1,561.2 Changes in Inventory -396.9 -396.9 -194.0 -194.0 Gross Profit 292.8 292.8 223.8 223.8 30.8% Gross Margin 15.4% 15.4% 14.1% 14.1% Employee Cost 46.3 46.3 39.2 39.2 Rent Expense 0.0 40.2 40.2 0.0 35.5 35.5 Other Expenses 116.0 116.0 103.3 103.3 EBITDA 130.5 90.3 81.3 45.8 60.5% EBITDA Margin 6.9% 4.8% 5.1% 2.9% Other Income 1.8 1.8 1.7 1.7 Depreciation 43.3 27.0 16.4 38.4 24.1 14.3 EBIT 89.1 75.8 44.6 33.2 99.7% Finance Cost 36.3 26.4 9.8 38.2 23.8 14.4 Profit before Tax Exceptional Items 52.8 66.0 6.4 18.8 720.4% *Exceptional Item - - 15.2 15.2 Profit Before Tax 52.8 66.0 21.6 34.0 144.1% Tax 12.6 12.6 5.5 5.5 PAT 40.2 53.3 16.1 28.5 148.7% PAT Margin 2.1% 2.8% 1.0% 1.8% EPS (in Rs.) 1.04 0.42
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H1 FY27 PROFIT AND LOSS STATEMENT 11 Profit & Loss (in Rs. Crore) H1 FY27 H1 FY26 YoY (Reported)Reported Ind-AS 116 Impact Pre Ind-AS 116 Reported Ind-AS 116 Impact Pre Ind-AS 116 Total Revenue 4,318.7 4,318.7 3,330.4 3,330.4 29.7% Purchases of stock in trade 3,724.6 3,724.6 2,821.5 2,821.5 Changes in Inventory -115.9 -115.9 31.8 31.8 Gross Profit 710.0 710.0 477.1 477.1 48.8% Gross Margin 16.4% 16.4% 14.3% 14.3% Employee Cost 90.6 90.6 76.5 76.5 Rent Expense 0.0 79.5 79.5 0.0 30.4 30.4 Other Expenses 249.9 249.9 209.6 209.6 EBITDA 369.5 290.0 191.0 160.6 93.4% EBITDA Margin 8.6% 6.7% 5.7% 4.8% Other Income 3.8 3.8 2.9 2.9 Depreciation 84.9 53.3 31.6 75.2 21.7 53.5 EBIT 288.4 262.2 118.8 110.0 142.8% Finance Cost 73.5 51.5 22.0 75.2 20.1 55.1 Profit before Tax Exceptional Items 214.9 240.2 43.5 54.9 393.9% *Exceptional Item - - 7.0 7.0 Profit Before Tax 214.9 240.2 50.5 62.0 325.3% Tax 54.1 54.1 12.8 12.8 PAT 160.8 186.1 37.8 49.2 325.8% PAT Margin 3.7% 4.3% 1.1% 1.5% EPS (in Rs.) 4.2 1.0
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BALANCE SHEET 12 Assets (in Rs. Crs.) Sep-26 Mar-26 Non - Current Assets 2,281.7 2,117.6 Property Plant & Equipments 1,016.0 993.8 CWIP 16.0 19.3 Intangible assets 1.9 2.3 Right of use asset 1,012.7 935.4 Financial Assets Other Financial Assets 95.1 68.5 Deferred Tax Assets (Net) 59.6 52.2 Other Non - Current Assets 76.7 39.6 Other Non - Current Tax Assets 3.8 6.5 Current Assets 1,788.5 1,679.5 Inventories 1,356.6 1,240.7 Financial Assets (i)Trade receivables 45.8 55.3 (ii)Cash and cash equivalents 23.9 49.7 (iii) Loans 2.1 1.9 Other Financial Assets 6.5 0.5 Other Current Assets 353.5 331.3 Total Assets 4,070.2 3,797.1 Equity & Liabilities (in Rs. Crs.) Sep-26 Mar-26 Total Equity 1,787.0 1,626.1 Share Capital 384.7 384.7 Reserves & Surplus 1,402.3 1,241.4 Non-Current Liabilities 1,319.5 1,249.2 Financial Liabilities (i) Borrowings 180.9 198.5 (ii) Lease Liabilities 1,137.1 1,048.5 Provisions 1.5 2.1 Current Liabilities 963.7 921.8 Financial Liabilities (i) Borrowings 516.7 692.6 (ii) Trade Payables 243.4 66.1 (iii) Lease 66.4 57.3 (iv) Other Financial Liabilities 35.6 36.0 Other Current Liabilities 70.5 53.5 Provisions 1.5 2.1 Current tax liabilities (net) 29.6 14.2 Total Equity & Liabilities 4,070.2 3,797.1
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CASH FLOW 13 Particulars (Rs. Crs.) Sep-26 Sep-25 Net Profit Before Tax 214.9 50.5 Adjustments for: Non -Cash Items / Other Investment or Financial Items 155.8 139.1 Operating profit before working capital changes 370.7 189.6 Changes in working capital 56.2 120.5 Cash generated from Operations 426.9 310.0 Direct taxes paid (net of refund) -43.2 -30.8 Net Cash from Operating Activities 383.6 279.2 Net Cash from Investing Activities -117.7 -96.0 Net Cash from Financing Activities -291.7 -188.5 Net Decrease in Cash and Cash equivalents -25.8 -5.3 Add: Cash & Cash equivalents at the beginning of the period 49.7 30.5 Cash & Cash equivalents at the end of the period 23.9 25.2
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OVERVIEW & KEY STRATEGIES Electronics Mart India Limited
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15 PRODUCT OFFERINGS EMIL began its journey with a single store in Hyderabad and has since built a strong presence across Andhra Pradesh, Telangana, and NCR, with plans to expand into high-potential markets like West Bengal OUR MBO BRANDS Inception & Presence RETAIL AREA Experience of Over Smart Phones Laptop Refrigerator Washing Machines Other Products Television Chimney Audio Devices Cooler WE ARE THE Store Count 4th Largest Electronics Retailer in India 1.99 + Mn. Square feet 229 Stores (222 MBO & 7 EBO) Central Warehouse 14 Cities Present 100+ Leased Stores 193 Employees 3,000+ Owned Stores 21 POPL Stores 15 EMIL AT A GLANCE 4 Decades Map not to scale, for representation purpose only Air Conditioner BAJAJ ELECTRONICS KITCH: N ELECTRONICS MART STORIES AUDIO & BEYOND' < .. • '" " .. "' • " .. ( ~ EASY KITCl-l : NS f U~ T"E t1 0USE OF IIJIU11tf111Ma • TIJF. CJ-lARC:0.\J l'ltUJU.:1' 229 Stores (222 MBO & 7 EBO) 1.99 ♦ Mn. Square feet 4th Largest Electronics Retailer in India 4 Decades ,------------- ~~ PRODUCT OFFERINGS --------------. -III\\ D II ~ g 0
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We Partner with most of the world’s best Brands and are a preferred distributor STRATEGIC PARTNERSHIPS AND PREMIUM POSITIONING DRIVE ASP LEADERSHIP 16 98” Inch TV Built In VRV System (Centralized) From Ultra Premium to Entry Level Products we work with pull brands Smart Phones Entry Level Products Among organized retailers we drive the one of the highest ASP's for most OEMs 19,482 25,756 FY20 H1 FY27 +32% *ASP: Average Selling Price SONY . LG SI\MSUNG BLUE STAR oppo • VIVO @) BOSCH Whirlpt}ol Gm x1aom1 ONEPLUS LLO~!:> 8 r#.1 FABER -
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CLUSTER BASED DISTRIBUTION NETWORK 17 Map not to scale, for representation purpose only NCR MBO : 36 EBO : 1 Cities : 5 Telangana MBO : 111 EBO : 6 Cities : 42 Andhra Pradesh MBO : 74 Cities : 54 Kerala MBO : 1 Cities : 1 Deep penetration in the states of Andhra Pradesh & Telangana with a growing presence in NCR We are Present Across 100+ Cities 6 States 229 Retail Stores (222 MBO & 7 EBO) 1.99+ Mn Sq. Ft. Avg. Store Size of 9k sq. ft. 14 Central Warehouses 6 in TS, 4 in AP & 4 in NCR Store Ownership Leased Owned POPL 193 21 15 MBO Brands (# Stores) 178 33 5 2 3 1 e '' BAJAJ ElECTRONICS ELECTRONICS MART KITCH : N STORIES FU'I lite 11 0 1,rsc OF IIII UUCTIIIICI AUDIO & BEYOND' ... ' '" "" '" " ( "" ~ EASY KITCl-l ::NS ♦ 1HE CIIARCOAL PROJECT l
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DIVERSIFIED PRODUCT PROFILE COMPRISING OF 8,000+ SKUs 18 Mobiles Phones, Fitness Tracker & Tablets Large Appliances TV, Washing Machine, AC, Refrigerators Small Appliances, IT & Others Laptop, Printer, Geyser & Others Fastest growing segment with rising contribution to the overall revenue pie from 29% FY19 to 44% in FY26 Have relationships with the large brands in this space – Oppo, Vivo and OnePlus Highest contributing segment in terms of revenues Have relationships with the largest brands in this space – LG, Haier, Sony etc Have relationships with the largest brands in this space – Dell, Sony, Havells, Orient etc 1,395 1,864 2,479 2,736 3,067 1,871 FY22 FY23 FY24 FY25 FY26 H1 FY27 2,048 2,441 2,644 2,952 2,940 1,715 FY22 FY23 FY24 FY25 FY26 H1 FY27 619 743 738 810 923 567 FY22 FY23 FY24 FY25 FY26 H1 FY27 H1 FY27 Revenue Mix 45% 41% 14% Mobiles Large Appliances Small Appliances, IT & Others D -III\\ rn ~ • • •
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RAPID STORE EXPANSION 19 +21% +17% +31% 59 229 22 24 33 40 23 FY19 12 FY20 FY21 10 FY22 FY23 FY24 FY25 FY26 6 H1 FY27 FY27 (till H1 FY27) Stores Retail ‘000s sq. ft 71 93 +23%765 940 +11% +11% 103 1,041 Opened Closed 12 - 22 11 1* 24 Particulars FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 (till H1 FY27) Store Count 71 93 103 127 160 200 223 229 MBOs Total 63 82 91 114 147 189 215 222 Bajaj Electronics / Electronics Mart 63 80 88 105 137 176 203 211 Kitchen Stories - 2 2 5 6 6 6 5 Audio & Beyond - - 1 1 1 3 3 2 Easy Kitchen - - - 3 3 3 3 3 Charcoal Project - - - - - 1 1 1 EBOs 8 11 12 13 13 11 8 7 +23% +17% 127 1,222 160 1,471 34 1- - +25% +19% 4 44 16 +12% +10% 223 1,940 200 1,758 * The store has been converted to EBO 16 Closures during the period were primarily driven by the divestment of IQ Apple Retail stores 29 229 1,990 +3% +3% 3 9 ------------- - ------------- --■----------------- ■ ■ -
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DRIVING SALES THROUGH DIFFERENTIATED IN-STORE EXPERIENCES 20 Differentiated in Store Experiences Product Experience Event In-store live demonstrations (e.g., juicing stations) build trust and authenticity Interactive Product Trial Turns shopping into an experience — especially impactful for Gen Z and millennial buyers Event-Driven Selling Festival-themed sales (Diwali, Pongal, etc.) with games, prizes, and live counters Consultative Selling Approach Our Sales Team engage customers with a solutions mindset — understanding lifestyle and usage to recommend the right products
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OUR RETAIL OUTLETS 21 NCR Stores Hyderabad Stores Andhra Pradesh & Telangana Up Country Stores
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OUR SPECIALISED RETAIL STORES 22 Kitchen Stories (Jubilee Hills, Hyderabad) Easy Kitchens (Jubilee Hills, Hyderabad) Audio & Beyond (Jubilee Hills, Hyderabad) The Charcoal Project (Jubilee Hills, Hyderabad)
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Smart Home Expo – Powered by EMIL – Global Brands Tie-Ups 23 INDIA'S LARGEST SMART HOME EVENT Global Brand Tie-Ups Display & Audio Hisense SE Audiotechnik Gallo Acoustics Funktion – One Aquavision Audio & Lifestyle Lithe Audio Bang & Olufsen Pure Acoustics Trinnov Audio VSSL Display & Audio Buster + Punch Portman Lights Minute Une ProtoPixel Alta Labs What This Means for EMIL ✓ Deepened partnerships with several niche and leading international brands spanning home cinema, audio, and connected home ecosystems ✓ Live demonstrations in real- world environments, emphasizing seamless system integration, superior performance, and a truly elevated user experience ✓ EMIL’s active presence in such events will play a pivotal role in shaping the future of electronics consumption across categories in India
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STRATEGICALLY LOCATED LOGISTICS AND WAREHOUSING FACILITIES 24 14 large centrally located warehousing facilities which are backed by individual storage areas at store level of varying sizes to cater to individual stores or a group of stores Robust Information Technology System ERP and POS systems from leading industry software providers Tracking systems with real time updates on status of their orders Use data to swiftly align inventory with changing customer preferences Efficient Inventory Management Extensive Supply Chain with 80% of Volumes coming from OEMS Computerized Inventory Management System utilized to track daily SKU movement Systems setup in a way it synchronises with all stores and Central Warehouse Inventory is constantly monitored to ensure fresh stock is available using “first in first out approach” Wide Rage of Data Management Tools used to further improve efficiency
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BOARD OF DIRECTORS 25 Pavan Kumar Bajaj Chairman & Managing Director Karan Bajaj Chief Executive Officer & WTD Astha Bajaj Executive Director & WTD Col. Gurdeep Singh (Retd.) Independent Director Mirza Ghulam Muhammad Baig Independent Director Jyotsna Angara Independent Director
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AWARDS & ACCOLADES 26 Revenue Champion 2024 Apple 2024 Electronics Mart India Limited Top Performing Brand Samsung 2024 Certificate of Appreciation For exemplary sales Contribution H12024 SAMSUNG 2024 Oppo Diamond Awards 2024 One Plus Preferred Partner 2025 SI\MSUNG .. Crrhfuatr Of -:lpprttiarion .. lofoJ Ei.ctronk,
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KEY GROWTH STRATEGIES 27 Cashflow Generation Through Inventory Optimization Strengthening Presence Operating Leverage to Drive Profit Growth A Trusted Partner for Leading Brands Differentiated In-store Experience ✓ We are strengthening cash flows by optimizing working capital, especially at the inventory level ✓ Leveraging data analytics for demand forecasting and assortment planning, we’re improving stock turns and reducing excess inventory. ✓ Technology-driven replenishment is further accelerating inventory rotation and enhancing our cash conversion cycle ✓ We are expanding into newer clusters like Western UP, while consolidating our presence in recently entered regions like the NCR ✓ These markets are largely unorganized, and we are witnessing a clear shift towards organized retail offering significant headroom for growth through our cluster-based strategy ✓ As stores mature and stabilize, we expect improved throughput and higher revenue productivity ✓ This will enhance fixed cost absorption, leading to a gradual normalization of EBITDA margins over time ✓ We are a trusted partner for leading consumer electronics and appliance brands, backed by our scale, operational excellence, and retail execution capabilities ✓ Our partnerships are built on mutual growth—enabling faster market penetration for brands and ensuring we offer customers the latest products with strong value propositions ✓ Our MBO format offer live demos, and brand-led events create an engaging retail environment ✓ With a consultative sales approach and trained staff, we help customers make informed decisions—enhancing satisfaction and conversion
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HISTORICAL HIGHLIGHTS (As some of the line items of the financial statements for FY25 have been reclassified, the corresponding financial and operating indication of the said year are recalculated in line with the reclassified financial statements) Electronics Mart India Limited
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OPERATING INDICATORS 29 Average Ticket Size (Rs.) 21,862 23,575 24,004 23,858 23,125 FY22 FY23 FY24 FY25 FY26 Top 5 Brands (% of Sales) FY22 FY23 FY24 FY25 FY26 61.9% 64.2% 63.0% 61.1% 62.0% 89 106 137 171 18977 FY22 912 FY23 1211 FY24 1217 FY25 1420 FY26 103 127 160 200 223 POPL Owned Leased Bill Cuts (Nos. in ‘000) 1,811 2,107 2,411 2,694 2,974 FY22 FY23 FY24 FY25 FY26 Store Ownership (#) • • • I
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FINANCIAL INDICATORS 30 RoCE Revenue (Rs. Crs.) EBITDA ((Rs. Crs.) EBITDA Margins Profit After Tax (PAT) 292 336 449 451 438 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 6.7% 6.2% 7.2% 6.7% 6.1% FY22 FY23 FY24 FY25 FY26 18.9% 13.7% 17.0% 13.3% 11.5%104 123 184 160 107 FY22 FY23 FY24 FY25 FY26 4,349 5,446 6,285 6,731 7,183 FY22 FY23 FY24 FY25* FY26 *Revised post reclassification - -
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STRONG BALANCE SHEET 31 67 days 60 60 66 78 73 9 9 11 4 32 0 2 3 3 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Inventory Days Recievable Days Creditor Days Working Capital* Net Debt to EBITDA Cash Flow from Operations (Rs. Crs.)Debt to Equity Ratio 69 days 75 days 79 days Working Capital Days 116 160 176 452 FY22 FY23 FY24 FY25 FY26 -1 *The numbers for the WC cycle are uncertified 1.9 0.9 1.4 2.1 1.9 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 73 days 0.6 0.5 0.6 0.2 0.5 0.6 0.5 1.0 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 0.9 0.5 Net Debt to EBITDA Gross Debt to EBITDA • • •
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HISTORICAL PROFIT AND LOSS STATEMENT 32 Profit and Loss (in Rs. Crs.) FY26 FY25 FY24 FY23 FY22 Revenue from Operations 7,183.3 6,731.3 6,285.4 5,445.7 4,349.3 Purchases of stock in trade 6,156.6 6,007.3 5,566.4 4,864.7 3,887.8 Changes in Inventory -10.5 -273.5 -195.7 -159.7 -132.5 Gross Profit 1,037.1 997.5 914.7 740.7 593.9 Gross Profit Margin 14.4% 14.8% 14.6% 13.6% 13.7% Employee Cost 159.5 133.1 111.5 94.0 78.8 Other Expenses 439.4 413.3 353.8 310.6 223.2 EBITDA 438.2 451.1 449.5 336.1 291.9 EBITDA Margin 6.1% 6.7% 7.2% 6.2% 6.7% Depreciation 156.2 126.7 105.7 85.4 71.3 Other Income 8.2 9.1 10.1 11.0 3.8 EBIT 290.2 333.6 353.8 261.7 224.4 EBIT Margin 4.0% 5.0% 5.6% 4.8% 5.2% Finance Cost 153.7 117.5 107.7 98.5 84.6 Profit before Tax & Exceptional Items 136.6 216.0 246.2 163.2 139.8 Exceptional Items 6.8 - - - - Profit before Tax Margin 2.0% 3.2% 3.9% 3.0% 3.2% Tax 36.3 55.6 62.2 40.4 35.9 Profit After Tax 107.1 160.5 183.9 122.8 103.9 Profit After Tax Margin 1.40% 2.4% 2.9% 2.3% 2.4% EPS 2.78 4.17 4.78 3.63 3.46
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HISTORICAL BALANCE SHEET 33 Assets (in Rs. Crs.) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Non - Current Assets 2,117.6 1,941.0 1,517.5 1,285.9 875.4 Property Plant & Equipments 993.8 905.1 602.2 509.9 279.5 CWIP 19.3 30.4 44.9 13.9 23.8 Intangible assets 2.3 2.7 1.7 0.5 0.6 Right of use asset 935.4 850.6 752.4 631.7 504.9 Financial Assets Loans 0.0 0.0 0.0 Other Financial Assets 68.5 63.9 50.4 92.9 29.2 Deferred Tax Assets (Net) 52.2 40.2 31.7 25.1 17.6 Other Non - Current Assets 39.6 45.4 28.0 2.0 14.1 Other Non - Current Tax Assets 6.5 2.8 6.1 9.9 5.7 Current Assets 1,679.5 1,696.4 1,541.6 1,407.9 956.6 Inventories 1,240.7 1,230.2 969.3 773.5 613.8 Financial Assets 0.0 (i)Trade receivables 55.3 74.2 181.4 138.4 115.2 (ii)Cash and cash equivalents 49.7 30.5 85.5 203.2 34.4 (iii) Loans 1.9 1.7 1.5 1.2 1.3 Other Financial Assets 0.5 2.6 4.0 8.3 0.2 Other Current Assets 331.3 357.2 299.9 283.3 191.7 Total Assets 3,797.1 3,637.3 3,059.1 2,693.9 1,832.0 Equity & Liabilities (in Rs. Crs.) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Total Equity 1,626.1 1,518.8 1,369.7 1,184.3 596.5 Share Capital 384.7 384.7 384.7 384.7 300.0 Reserves & Surplus 1,241.4 1,134.0 984.9 799.6 296.5 Non-Current Liabilities 1,249.2 1,140.3 907.9 768.2 579.7 Financial Liabilities (i) Borrowings 198.5 205.5 98.0 100.8 55.2 (ii) Lease Liabilities 1,048.5 933.0 809.7 665.7 523.9 Provisions 2.1 1.7 0.2 1.7 0.7 Current Liabilities 921.8 978.3 781.6 741.4 655.7 Financial Liabilities (i) Borrowings 692.6 778.4 614.8 626.3 538.5 (ii) Trade Payables 66.1 56.3 43.1 24.6 35.2 (iii) Lease 57.3 50.3 47.4 38.9 31.3 (iv) Other Financial Liabilities 36.0 32.1 18.4 23.6 16.7 Other Current Liabilities 53.5 53.7 39.5 14.5 19.8 Provisions 2.1 2.2 13.0 10.7 7.2 Current tax liabilities (net) 14.2 5.3 5.3 2.7 7.1 Total Equity & Liabilities 3,797.1 3,637.3 3,059.1 2,693.9 1,832.0
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HISTORICAL CASH FLOW 34 Particulars (Rs. Crs.) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Net Profit Before Tax 143.4 216.0 246.2 163.2 139.8 Adjustments for: Non-Cash Items / Other Investment or Financial Items 303.7 235.6 202.5 171.7 152.6 Operating profit before working capital changes 447.1 451.7 448.7 334.9 292.3 Changes in working capital 39.4 -215.0 -218.5 -287.0 -138.6 Cash generated from Operations 486.5 236.6 230.1 48.0 153.8 Direct taxes paid (net of refund) -42.8 -60.8 -70.3 -48.5 37.6 Net Cash from Operating Activities 443.7 175.8 159.8 -0.6 116.2 Net Cash from Investing Activities -125.4 -332.0 -116.9 -300.7 -67.9 Net Cash from Financing Activities -299.1 101.2 -160.6 470.0 -48.9 Net Decrease in Cash and Cash equivalents 19.2 -54.9 -117.7 168.8 -0.6 Add: Cash & Cash equivalents at the beginning of the period 30.5 85.5 203.2 34.4 35.0 Cash & Cash equivalents at the end of the period 49.7 30.5 85.5 203.2 34.4
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THANK YOU Mr. Vishal Pundir, VP - Strategy vishal.pundir@bajajelectronics.in 040 2323 0244 Company: Electronics Mart India Limited CIN: L52605TG2018PLC126593 Mr. Deven Dhruva / Mr. Ronak Jain deven.dhruva@sgapl.net / ronak.jain@sgapl.net Tel: +91 98333 73300 / +91 98209 50544 Investor Relations: Strategic Growth Advisors (SGA) CIN: U74140MH2010PTC204285 OVER 4 DECADES OF LEGACY ··········THAT'S ICONIC·········· SGA Strategic Growth Advisors