Symphony Limited reported its second-highest June quarter consolidated revenue and EBITDA, driven by India-led growth and disciplined execution. Consolidated revenue rose to ₹378 crore and EBITDA to ₹48 crore in Q1 FY27. Standalone revenue grew 15%, supported by volume growth and expansion in modern trade and digital channels.
Symphony Limited Reports Strong Q1 FY27 Performance
Symphony Limited has announced its financial results for the first quarter of FY27, showcasing a robust performance marked by the second-highest June quarter consolidated revenue and EBITDA in its history. The company highlighted that this achievement was underpinned by strong India-led growth, disciplined execution, and continued progress in strategic diversification across its businesses and geographies.
Financial Highlights (Consolidated)
In Q1 FY27, Symphony Limited reported consolidated revenue from operations of ₹378 crore, an increase from ₹350 crore in Q1 FY26, representing a +8% YoY growth. Consolidated EBITDA saw a significant jump to ₹48 crore from ₹38 crore in the corresponding quarter of the previous year, a +26% YoY increase. The EBITDA margin also improved to 12.6% from 10.7% YoY. Profit After Tax (PAT) stood at ₹40 crore, a slight decrease of 5% from ₹42 crore in Q1 FY26, impacted by one-off expenses and changes in other income.
Standalone Performance Driven by Domestic Demand
On a standalone basis, the company’s revenue was the second highest for the June quarter, reflecting the resilience of domestic demand. India revenue experienced a substantial growth of 15%, propelled by volume growth. Modern trade channels more than doubled their contribution, while digital channels, including Direct-to-Consumer (D2C), remained highly profitable.
Strategic Diversification and International Performance
Symphony’s strategic diversification efforts are yielding positive results. The Beyond India Summer Products (BISP) division contributed ₹560 crore in trailing twelve-month revenue, accounting for 48% and reducing dependence on the Indian summer. Bonaire USA recorded a strong 35% revenue growth, driven by the successful scaling of new air cooler SKUs. GSK China also delivered a healthy 43% revenue growth, with operating leverage supporting profitability. However, IMPCO Mexico’s revenue declined by 18%, and CTPL Australia’s revenue softened by 11%, impacted by market conditions.
Profitability Factors and Outlook
While profitability improved, YoY comparisons were affected by certain non-cash expenses and other income fluctuations. The company noted that trade and company inventory are fully normalized, with no season-end overhang. BISP’s trailing twelve-month revenue reached ₹179 crore, contributing 23%. Exports saw a decline due to geopolitical and shipping disruptions. Despite cost pressures, gross margin and EBITDA margin remained resilient, supported by pre-season stocking and cost discipline.
The Board of Directors also approved an interim dividend of ₹1 per share for FY 2026-27, translating to a payout of approximately ₹6.87 crore.
Source: BSE
