Symphony Limited reported strong performance for the first quarter of FY27, with consolidated revenue increasing by 8% year-on-year to ₹378 crore. EBITDA saw a significant jump of 26% to ₹48 crore. The company highlighted robust domestic momentum, a gross margin of 49.8%, and an EBITDA margin of 12.6%. The ‘Beyond India Summer Products’ (BISP) segment continues to de-risk the business, now constituting 48% of trailing 12-month revenue.
Symphony Reports Strong Q1 FY27 Performance
Symphony Limited announced its financial results for the first quarter ended June 30, 2026, showcasing significant year-on-year growth. Consolidated revenue for the quarter stood at ₹378 crore, an increase of 8% compared to the same period last year. The company’s operational efficiency and strategic initiatives led to a substantial growth in profitability, with EBITDA rising by 26% to ₹48 crore.
Key Financial Highlights
Despite a one-time non-cash expenditure of ₹5 crore in Q1 FY27, the reported EBITDA was ₹48 crore. Excluding this, the adjusted EBITDA was ₹53 crore, a notable increase from ₹38 crore in Q1 FY26. Consolidated Profit After Tax (PAT) for Q1 FY27 was ₹40 crore. On an adjusted basis, excluding an exceptional income of ₹9 crore in Q1 FY26, the PAT rose by 23% to ₹43 crore from ₹35 crore.
Margin Strength and Segment Performance
Symphony demonstrated strong margin discipline, with the gross margin marginally increasing to 49.8% and the EBITDA margin reaching 12.6%. This was achieved despite headwinds from geopolitical situations, commodity price pressures, and inventory overhang from a subdued summer in 2025. The company’s ‘Beyond India Summer Products’ (BISP) segment, which is not dependent on the Indian summer, contributed approximately 48% to the consolidated trailing 12-month revenue, reinforcing its strategic diversification efforts.
Standalone Performance and Channel Growth
On a standalone basis, Symphony India reported revenue of ₹241 crore, with EBITDA at ₹30 crore and PAT at ₹28 crore. The quarter marked the second-highest revenue performance for any June quarter historically. Domestic sales grew by 15%, supported by strong growth in modern trade and digital channels. Notably, there is no inventory overhang at the trade or company level as of June 30, 2026.
Subsidiary Performance
Several subsidiaries showed robust growth. Bonaire USA’s revenue grew by 35%, driven by the successful scale-up of new air cooler models. GSK China revenue increased by 43%, with operating leverage boosting profitability. IMPCO Mexico and CTPL Australia experienced softer performance, with CTPL Australia seeing its revenue decline. The company has also announced an interim dividend of ₹1 per share.
Outlook and Strategy
Symphony highlighted that the modern trade and e-commerce channels are registering strong growth and profitability. The company expects costs to remain elevated in the short term, potentially impacting margins, though some of this will be passed on to the market. Looking ahead, the company anticipates robust growth in the US market, contingent on strong summer conditions. Mexico is also expected to see significant sales growth in the summer of 2027 after two consecutive mild summers.
Source: BSE
