Onida Electronics Limited reported revenue from operations of ₹182.4 crore for the first quarter of FY2026-27 (April–June 2026), a 29.5 per cent increase year-on-year, driven by strong performance in its LED television and air conditioner segments. Total income for the quarter stood at ₹184.8 crore, up 30.6 per cent from ₹141.5 crore in the same period last year.
The company’s LED television business was the standout performer, clocking 56.8 per cent year-on-year growth backed by new product launches and promotional activity. The air conditioner segment grew 39.2 per cent, aided by seasonal demand recovery. Overall branded sales rose 35.8 per cent year-on-year.
Gross margins improved to 17.3 per cent from 16.3 per cent in Q1 FY26, with branded gross margins rising to 17.9 per cent from 17.0 per cent, attributed to a more favourable product mix and better realisations across categories.
However, the company continued to post losses at the bottom line. Profit after tax came in at a loss of ₹14.2 crore, wider than the ₹12.5 crore loss recorded in the year-ago quarter, indicating that operating costs and overheads continue to outpace gross profit recovery.
The quarter also saw the company formally complete its corporate name change from MIRC Electronics Limited to Onida Electronics Limited, aligning its legal identity with the Onida consumer brand.
