Q1-FY27 · Shakhar Bajaj
We delivered a overall revenue of only 2.3%. However, our average margin improved to 6.6% from 2.5%. I would say that this is a positive step towards implementing our learning through last year's actions.
Bajaj Electricals · tone and specificity signals across the available quarters.
Language signals
We delivered a overall revenue of only 2.3%. However, our average margin improved to 6.6% from 2.5%. I would say that this is a positive step towards implementing our learning through last year's actions.
Our EBT margin improved to 6.66% a meaningful step up that reflects the operating discipline we have been building over the last several quarters. The growth we delivered this quarter was earned through cost discipline, value engineering and agile pricing.
We have been losing share [in fans]. We know why we're losing share and we have corrective actions in place. So we intend to claw back on our share loss in next two or three quarters.
This was a conscious and prudent action aimed at restoring channel health and ensuring alignment with the evolving demand environment rather than a reflection of any structural weaknesses in the underlying business.
We have embarked on a journey of cultural and structural change in the way we engage with the channel to move to a more balanced approach between demand-led sell through and a volume push.
Top line is only a transfer from our stock to our distributor stock which we don't want. We want a secondary sale and therefore the whole emphasis is on secondary sales.