Ifb Industries Ltd · NSE:IFBIND
Ifb Industries — Q2 FY2026 Earnings Presentation
50 slides from Ifb Industries's earnings presentation, Nov 1, 2025
Slide 1: RITESH AGARWAL Date:
1st November six 30th September 7 November six September Six September is RITESH Digitally signed by RITESH AGARWAL AGARWAL Date: 2025.11.01 20:30:01 +05'30'
Slide 2: Financial Report Q2 FY 2025-2026
FINANCIAL REPORT Q2 30th September 2025 FY 2025-2026
Slide 3: Q2 FY 2025-26 Performance Report
Q2 FY 2025 -26 Performance Report ₹. in Crore Performance Particulars Q2 FY 25 -26 Q2 FY 24 -25 Growth % Overview Revenue 1326.61 1189.24 12% Revenue for the quarter registered a growth of 12% over the previous year. Within this, the HAD Division recorded 14% growth , while the PBDIT 102.50 79.02 30
Slide 4: YTD FY 2026 Performance Report
YTD FY 2026 Performance Report ₹. in Crore Performance Particulars FY 25 -26 FY 24 -25 Growth % Overview Revenue 2637.43 2433.68 8% The Company reported a revenue growth of 8 % on a year-to- date (YTD) PBDIT 172.45 165.57 4% basis . Overall performance was moderated by weak revenue in the first quar
Slide 5: Financial Trend Q2
Operating Profit/EBITDA ( ₹ in Crore) Financial 74 74 75 79 103 Trend Q2 FY 21-22 FY 22-23 FY 23-24 FY 24-25 FY 25-26 Profit After Tax (PAT) - (₹ in crore) 49.75 33.30 28.69 23.63 24.18 FY 21-22 FY 22-23 FY 23-24 FY 24-25 FY 25-26 Industries Limited | Investor Presentation Q2 – FY – 25 -26 4
Slide 6: Financial Trend YTD
Operating Profit/EBITDA ( ₹ in crore) Financial 112 116 166 172 Trend YTD 44 FY 21-22 FY 22-23 FY 23-24 FY 24-25 FY 25-26 Profit After Tax (PAT) - (₹ in crore) 72.14 75.11 31.32 26.17 FY 21-22 FY 22-23 FY 23-24 FY 24-25 FY 25-26 - 18.67 Industries Limited | Investor Presentation Q2 – FY – 25 -26 5
Slide 7: Parameters of Q2 FY 2026
Parameters of Q2 FY 2026 Total Revenue Revenue from Operations PBDIT ₹ 1326.61 Crore ₹ 1319.94 Crore ₹ 102.50 Crore (+) 11.55% (+) 12.19 % (+) 29.69% PBDIT Margin % Net Profit Margin % EPS 7.73% 3.81% ₹ 12.27 (+) 108 bps (+) 101 bps (+) 49.45% Receivable Inventories Accounts Payable ₹ 427.52 crores
Slide 8: Parameters of YTD FY 2026
Parameters of YTD FY 2026 Total Revenue Revenue from Operations PBDIT ₹ 2637.43 Crore ₹ 2620.93 Crore ₹ 172.45 Crore (+) 8.37% (+) 8.58 % (+) 4.15% PBDIT Margin % Net Profit Margin % EPS 6.54% 2.88 % ₹ 18.53 (- ) 27 bps (- ) 8 bps (+) 4.15% Receivable Inventories Accounts Payable ₹ 427.52 crores ₹ 6
Slide 9: Insignificant Debt
Insignificant Debt As on 30th September 2025, the Company’s long - term debt stood at ₹17.31 crores, primarily pertaining to the Stamping and Steel Divisions. Total long term borrowing was ₹ 17.31 crores as on quarter end date representing term loan amount. These loans are scheduled to be fully repa
Slide 10: Home Appliance Division Q2 FY 2025-2026
+ Home Appliance - Division Q2 FY 2025-2026
Slide 11: Business Updates: Market Overview
Home Appliances Division Business Updates Market Overview Q2FY26 opened on a softer note for India’s consumer durables industry. An early and extended monsoon season dampened sales in categories such as air conditioners and refrigerators. August & September, however, brought moderate growth in washi
Slide 12: Range of Products: Washers
Home Appliances Division Range of Products Performance Overview Washers The Front Load category faced volume pressures in Q2 despite posting growth over same quarter While Q2 FY26 posed external challenges with muted consumer last year, signalling the need for stronger engagement in large key accoun
Slide 13: Range of Products: Microwave, Dishwashers, Industrial
Home Appliances Division Microwave Ovens Range of The market remained flat in Q2. IFB continues to maintain its second position in the market. With the rising popularity of air fryers, our Air Fryer Microwave range is witnessing strong traction. These models are now available across our portfolio, a
Slide 14: Your Biggest Wash: 11 Kg Washers
Home Appliances Division Your Biggest Wash Our Best performance 11 Kg - High - Capacity Washers The market < 10 Kg was stagnant & we have been able to maintain our Market share . However > 10 Kg segment is growing by 170% & the contribution of this capacity range has increased from 8 % to 13% during
Slide 15: One Machine, Many Possibilities: Washer Dryer
Home Appliances Division One Machine Many Possibilities. Smartest entry in Washer Dryer Refresher The WDR market is growing by 32% & IFB has outpaced this trend with a 95% category growth , fueled by the release of two new SKUs in 9/6/3 kg capacity. Customers have embraced the improved drying effici
Slide 16: Eco Inverter Motor (BLDC) Now in Top Load
Home Appliances Division Eco Inverter Motor (BLDC) Now in Top Load. As part of our commitment to make energy - efficient technology more accessible, we’re proud to introduce Eco Inverter Motor in 100 % Top Load range by end of Q3FY 26 . This marks the first step in our plan to democratize Eco Invert
Slide 17: Dishwashers
Home Appliances Division Dishwashers The domestic dishwasher market touched approximately 35 ,000 units in Q2, with Bosch, IFB, and LG together contributing nearly 80 % of total sales and 95 % of offline sales . The market registered a 25 % growth, and our volume growth surpassed the market’s pace d
Slide 18: Microwave Ovens
Home Appliances Division Microwave Ovens The microwave oven market remained flat in Q2, with growth in the Solo segment offset by a decline in Grill and Convection models compared to the same period last year. IFB retains its No . 2 position in the overall market. With the rising popularity of air f
Slide 19: Built in Oven, Dishwashers, Chimneys and Hobs
Home Appliances Division Built in Oven, Built in Dishwashers, Built in MWOs , Chimneys and Hobs A dedicated focus has been placed on strengthening our presence in the top ten cities across the country . Key action areas for this quarter include : • Exclusive manning at priority outlets • Optimal mod
Slide 20: Air Conditioners
Home Appliances Division Air Conditioners Room air- conditioner sales did not pick up as per the Initial projections of 25 % growth . Due to early onset of monsoon, unexpected rains have dampened industry expectations . Many core AC companies faced challenges during peak summer and acknowledged Apri
Slide 21: Air Conditioners Sales
Home Appliances Division Air Air Conditioners Q2 FY '26 Q1 FY ‘26 Q2 FY ‘25 AC Brand Sales ₹. in Crores 38.59 275.93 61.65 AC OEM Sales ₹. in Crores 1.46 18.62 1.36 Total Value ₹. in Crores 40.04 294.56 63.02 Conditioners Note : All the product-wise are at net sales level after eliminating respectiv
Slide 22: Laundry & Commercial Appliances
Commercial Appliances Laundry & The Division witnessed degrowth in Commercial Appliances in H1FY 26 . Basis our order pipeline we expect to stabilize around 15 Cr per month in Q3 and our internal target is to reach Rs 20 Crs per month revenue by Q4 FY 26 . Product Road Map Highlight : Dishwashing Eq
Slide 23: Commercial Appliances Revenue Summary
Commercial Appliances Website for Commercial Appliances is developed. LinkedIn marketing has started where Revenue our visibility is increasing. Particulars Q2 FY '26 Q1 FY ‘26 Q2 FY ’25 Commercial Laundry ₹. in Crores 19.90 23.33 30.05 Commercial Dishwashing ₹. in Crores 10.01 5.99 8.38 ₹. in Crore
Slide 24: Service
Home Appliances Division Service In Q2, focus was on our service ecosystem through a data - driven Quality Network program — evaluating every franchisee cluster - wise through Franchisee Scorecards along with upgrading our Business Franchisees - to ensure consistent, high - quality, customer - first
Slide 25: Home Appliances Financial Summary
Home Appliances Division Financial Summary Performance Overview ₹. in Crore Revenue has grown by 14% in Q2 FY26, and PBDIT has grown by ~56% as against the FY 2025 - 26 FY 2024 - 25 FY 2025 - 26 FY 2024 - 25 same period last year. Results are below expectation due to dip in sales of AC & Particulars
Slide 26: Product-wise Spread in Home Appliance Division
Home Appliances Division Segment wise Product - wise spread in Home Appliance Division Sales Percentage of Total Sales Products Revenue ₹. in Crore Percentage of Total Sales Front Loader 428 40% 3% 2% Front Loader 7% Top Loader 183 17% 40% Top Loader 3% Service 175 17% Service AC 40 4% 8% Microwave
Slide 27: Trend in Inventory Holding Days
Home Appliances Division Focused approach resulting in consistent improvement in inventory days Trend in Inventory Holding Days over last nine quarters - HAD 75 77 67 78 74 72 70 53 61 Division is constantly working towards further improving the inventory holding days. This quarter inventory holding
Slide 28: Engineering Division Q2
+. Division Q2 pe ane PR way, —
Slide 29: Engineering Division Performance Report
Engineering Division Performance Q2 Performance Report ₹. in Crore Overview Q2 FY 25 - 26 Q2 FY 24 - 25 Growth % Engineering booked new business of ₹45 Crores for the Q2 of FY26. Particulars EV - Positive & Neutral Focus : EV Neutral segments made up to ~65% of bookings with Engineering ₹29 Cr and E
Slide 30: ROCE Trend
Engineering Division ROCE ROCE % TREND 44.8 45.0 50.6 The improvement in ROCE in this year due to 20.6 • Decrease in current assets (Mutual funds) • The annualized EBIT of FY 25 -26 ( ₹114 Cr) is marginally higher than the actual EBIT of FY 24 -25 ( ₹109 Cr). • These two factors have improved ROCE %
Slide 31: Steady Improvements in Inventory Holding Days
Engineering Division Focused approach resulting in consistent improvement in inventory days Steady Im p rovements in Inventory Holding Days over last fifteen quarters Inventory Inventory days (on sales) > 30 days 46 ₹ 30 Crore* * Inventory includes ₹ 19 36 35 34 35 34 34 34 Crore of tool inventory 3
Slide 32: Business Vertical Wise Q2 FY26 vs Q2 FY25
Engineering Division Performance Report Business Vertical Wise – Q2 FY ‘26 vs Q2 FY ‘25 ₹. in Crore ₹. in Crore Revenue PBDIT Q2 FY 26 Q2 FY 25 Growth % Q2 FY 26 Q2 FY 25 Growth % Growth YOY Growth YOY Fine Blanking 192.30 181.90 5.71% Fine Blanking 32.80 30.30 8.25% Stamping 29.9 24.6 21.5% Stampin
Slide 33: Business Vertical Wise YTD FY26 vs YTD FY25
Engineering Division Performance Report Business Vertical Wise – YTD FY ‘26 vs YTD FY ‘25 ₹. in Crore ₹. in Crore Revenue PBDIT YTD FY 26 YTD FY 25 Growth % YTD FY 26 YTD FY 25 Growth % Growth YOY Growth YOY Fine Blanking 377.30 348.20 8.4% Fine Blanking 62.20 56.70 9.7% Stamping 57.4 47.5 20.8% Sta
Slide 34: Quarterly Performance Analysis
Engineering Division Quarterly Performance Analysis Financial Performance Q2 FY ‘26 Revenue PBDIT PBT +6% YoY 0.10% YoY - 0.80% YoY +4% QoQ 6% QoQ 7% QoQ 216.69 229.25 2 8.31 26.37 33.20 35.23 35.20 28.55 220 Notes: Q2 Q2 Q1 Q2 Q2 Q1 Q2 Q2 Q1 1. YoY means Year on Year – comparison between current ye
Slide 35: Engineering Business Outlook
Engineering Division Business Outlook Performance Overview Order bookings totalled ₹61 crore till YTD Sep, 25 , with ₹28 crore in EV - negative (ICE) parts (46 percent of total)), ₹32 crore in EV - neutral modules (53 percent of total), and ₹1 crore in EV - positive components (1 percent), reflectin
Slide 36: Engineering Financial Summary
Engineering Division Financial Summary ₹. in Crore FY 25 - 26 FY 24 - 25 FY 25 - 26 FY 24 - 25 Performance Particulars Q2 Q2 YTD YTD Overview Revenue 229.25 216.69 449.26 413.00 Revenue growth in Q2 FY 2025 -26 stood at 6%, PBDIT 35.23 35.20 68.47 65.47 PBDIT has grown marginally & this is primarily
Slide 37: Steel Division Financial Summary
Steel Division Financial Performance Overview Summary In Q2 FY 2025 - 26 , the division has recorded an improvement in profitability, with PBDIT increasing from INR 2.26 Cr in Q2 FY 2024 - 25 to INR 2.96 Cr . This translates into a margin enhancement from 4 .78% to 6.23 % year- on- year. This has ha
Slide 38: BLDC Motor Project Status
Motor Division BLDC Project Status Commercial Production Production of BLDC motors for washing machines successfully commenced in Q3 FY25, with initial supply challenges in AC motor production which got resolved afterwards and ramp - up is underway. We are now positioned to begin supplying for the u
Slide 39: BLDC Challenges & Path Forward
Motor Division BLDC Challenges &Path Forward In Technical Hurdles Summary Scaling up AC motor production presents ongoing operational challenges that require dedicated focus Our transition to BLDC motors, together with advancements in and targeted solutions. Our engineering team continues to work pr
Slide 40: Automotive Motors Financial Summary
Automotive Motors Financial Summary ₹. in Crore FY 20 - 21 FY 21 - 22 FY 22 - 23 FY 23 - 24 FY 24 - 25 FY 25 - 26 FY 24 - 25 Particulars ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL Q2 ACTUAL Q2 ACTUAL Revenue 32.95 49.26 70.97 66.93 66.02 17.83 17.81 PBDIT - 3.4 - 1.3 3.1 1.17 - 1.83 - 0.06 - 0.54 PBDIT % on
Slide 41: Automotive Motors Business Update
Automotive Motors Business Update Financial Performance Product Development Revenue remained stable this quarter. Notably, PBDIT losses were sharply reduced from Brushless DC (BLDC) motors for automotive uses, such as engine and battery cooling as ₹54 lakhs to ₹6 lakhs compared to the same period la
Slide 42: Global Automotive & Appliances Pte. Ltd Financial Summary
Global Automotive & Appliances Pte. Ltd Financial Summary Performance IFB Industries Limited, the Holding Company, has one wholly owned subsidiary — Global Automotive & Appliances Pte. Ltd (GAAL) and one Overview step - down subsidiary, Thai Automotive & Appliances Limited (TAAL). Total income : ₹ i
Slide 43: Thai Automotive & Appliances Limited Financial Summary
Thai Automotive & Appliances Limited Financial Summary Performance Overview ₹. in Crore Total income: FY 25 - 26 FY 24 - 25 FY 25 - 26 FY 24 - 25 During the quarter, there is de - growth in revenue by 4% over last year. Particulars Company could not achieve the budgeted revenue due to drop - in Q2 Q
Slide 44: IFB Refrigeration Limited Performance Overview
IFB Refrigeration Limited Performance Overview Overview In Q2 of FY 26 total sale was 103,382 units against 68 ,913 units in corresponding quarter of last year which is a 50 % rise. In H1 FY 26 total sale was 221,543 units against 158,441 units in corresponding period of last year which is an increa
Slide 45: Standalone Income Statement
Financial Statements Standalone QTR (₹ in crore) YTD (₹ in crore ) Particulars 30 th Sep ‘25 30 th Sep ’24 30 th Sep ’25 30 th Sep ‘24 Total Sale of products 1648.60 1446.03 3296.11 3008.23 Less: Trade scheme & discounts 393.34 336.48 808.35 723.91 Income Statement Net Sales - Sale of services 1255.
Slide 46: Standalone Balance Sheet
Financial Statements ₹ In Crores STANDALONE BALANCE SHEET Standalone ASSETS Property, Plant & Equipment* Investment in Subsidiaries & Associates 30 th Sep ’25 673.17 118.96 30 th Sep ’24 608.68 119.26 Balance Sheet Inventories 693.10 618.08 Investment in Mutal Funds 228.26 233.37 Trade Receivables 4
Slide 47: Standalone Key Ratios
Financial Statements Standalone QTR (₹ in crore) YTD (₹ in crore) STAND ALONE KEY RATIOS 30 th Sep ’25 30 th Sep ’24 30 th Sep ’25 30 th Sep ‘24 Earnings Per Share( in ₹) (Not Annualized) 12.27 8.21 18.53 17.80 Book Value per Share (in ₹) 230.54 197.12 230.54 197.12 Key Ratios Current Ratio # Quick
Slide 48: Standalone Cash Flow Statement
Financial Statements Standalone YTD (₹ in crore) CASH FLOWS FROM OPERATING ACTIVIITES 30 th Sep ‘25 30 th Sep ’24 Profit Before Tax 102.25 97.04 Cash Flow Statement Non - Cash and Other Adjustments 57.67 53.92 Operating Profit Before Working Capital Changes 159.92 150.96 (Annual) Movement in Working
Slide 49: Consolidated Income Statement
Financial Statements Consolidated CONSOLIDATED INCOME STATEMENT QTR (₹ in crore) YTD (₹ in crore ) Income Statement Total Sale of products 30 th Sep ’25 1,698.50 30 th Sep ’24 1,488.16 30 th Sep ‘25 3,382.67 30 th Sep ’24 3,081.63 Less: Trade scheme & discounts 393.34 336.48 808.35 723.91 (Quarterly
Slide 50: Consolidated Balance Sheet
Financial Statements Consolidated QTR (₹ in crore) Consolidated Balance Sheet 30 th Sep ‘25 31st Mar ’25 ASSETS Property, Plant and equipment* 703.66 708.79 Balance Sheet Investment in Equity Shares Inventories 48.99 695.99 52.22 669.66 Investment in Mutual Funds 228.26 201.98 Key Indices as on 30 t