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Electronics Mart Sees Strong Festive Demand, Mobile Sales, New Stores Fueling Growth
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CNBC TV18•23-09-2026, 13:32
Electronics Mart Sees Strong Festive Demand, Mobile Sales, New Stores Fueling Growth
- •Electronics Mart India anticipates robust demand throughout the festive season, with an extended summer boosting AC sales and consistent footfalls maintaining momentum in Q2.
- •CFO Premchand Devarakonda projects approximately 20% year-on-year growth for Q2, despite the festive season starting later compared to the previous year.
- •The company expects topline growth to exceed 20% and same-store growth (SSG) to be in the mid-teens for FY27, driven by strong performance across categories.
- •Mobile phones are significantly contributing to growth, with price increases and healthy volume, projected to account for around 45% of revenue mix.
- •Electronics Mart India plans to open 25 new stores by FY27, including 10 in Kolkata and 15 across existing markets, with 4 in NCR and 11 in southern regions.
Key Questions Answered
Electronics Mart expects about 20 percent year-on-year growth for the second quarter despite not having the advantage of an early festive season start compared to last year.
Electronics Mart plans to open its first set of stores in Kolkata around Diwali and intends to add a total of 25 stores by the end of FY27, including 10 in Kolkata, four in the NCR region, and 11 across southern markets.
Average store throughput in southern India is almost twice that of the northern market, with northern stores expected to take another two years to reach similar levels and close the EBITDA gap.
