8–10% Revenue Growth Target for FY27–FY28
Management stated they are targeting 8–10% quarterly revenue growth for the next two years, assuming industry grows at 6–7%. This is described as an internal target, not a formal forward-looking commitment.
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Bajaj Electricals · forward-looking guidance across the available source record.
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revenue
Consumer Products EBIT Margin to Stabilize at 6–7% for Two Years
Management expects Consumer Products margins to settle in the 6–7% range over the next two years as they invest behind brands and pursue growth, before improving toward the 10% long-term target.
Lighting Solutions to Return to Double-Digit Margins
Lighting margin is currently ~7% due to legacy project contracts signed at pre-war commodity prices. As these contracts exit over the next 1–2 quarters, management expects lighting margins to return to double digits.
No Major Price Increases Planned for Rest of FY27
Commodity inflation of 6–13% has been managed through pricing and savings. Management sees no major price increase requirement for the rest of FY27 at this stage, though the environment remains volatile.
Price increase of 2-5% from Feb 1
Announced price increase of 2-5% effective February 1 to cover bulk of commodity inflation.
Channel normalization to continue for one more quarter
Inventory normalization expected to continue for one more quarter, with benefits visible from FY27.
Margin improvement starting Q4 FY26
Management expects margin improvement to start from Q4 FY26 and substantial improvement in FY27.