Symphony Limited achieved its second-highest consolidated revenue and EBITDA for a June quarter in Q1FY27, with revenue from operations growing 8% to ₹378 crore from ₹350 crore in Q1FY26. EBITDA surged 26% to ₹48 crore, while EBITDA margin expanded significantly by 190 basis points to 12.6% from 10.7% in the previous year. However, consolidated net profit declined 5% to ₹40 crore from ₹42 crore, primarily due to higher other income in the prior year period comprising ₹3.6 crore treasury income, ₹2.9 crore forex gain, and ₹2.4 crore one-off income. The mixed earnings performance reflects the company's operational strength offset by non-recurring items from the previous year. On a standalone basis, the PAT drop was sharper at 24% to ₹28 crore from ₹37 crore in Q1FY26, with the company attributing this partly to ₹16.9 crore of higher other income in the year-ago quarter that did not recur this quarter.
The company demonstrated robust performance across key business segments, with Air Cooling and Other Appliances contributing ₹383 crore in segment revenue and generating a profit before interest and taxes (PBIT) of ₹45 crore on a consolidated basis. India contributed ₹231 crore in revenue with a PBIT of ₹36 crore, while the rest of the world accounted for ₹147 crore in revenue and ₹17 crore in PBIT. Beyond India Summer Products (BISP) delivered ₹560 crore in trailing twelve-month revenue, contributing 48% and reinforcing Symphony's strategic diversification from the Indian summer market. The growth was supported by robust domestic demand, where modern trade more than doubled year-on-year and direct-to-consumer digital channels remained highly profitable. The company also flagged that trade and company inventory had fully normalised, with no season-end overhang.
International operations showed strong momentum with Bonaire USA recording 35% revenue growth and GSK China delivering 43% growth, offsetting declines in Mexico and Australia. The company completed an internal restructuring during the quarter when Climate Technologies Pty Limited transferred its entire shareholding in step-down subsidiary Bonaire USA LLC to the parent company. Additionally, the Board rolled back the divestment process for Climate Holdings Pty Limited (Australia) and IMPCO S de R.L. de C.V. (Mexico), citing no formal proposals meeting strategic expectations. These subsidiaries are no longer classified as discontinued operations or held for sale. IMPCO Mexico revenue fell 18% amid a weak summer season, while CTPL Australia declined 11%.
On a standalone basis, Symphony Limited reported net profit of ₹28 crore for the quarter ended June 30, 2026, compared to ₹37 crore in the prior year quarter. Revenue from operations increased 5% to ₹241 crore from ₹229 crore year-on-year, while standalone EBITDA rose 25% to ₹30 crore. Standalone EBITDA margin improved to 12.3% from 10.3% in the June 2025 quarter. Gross margins held steady at the standalone level at 50.9%, while consolidated gross margins improved 140 basis points to 49.8%. The company's total expenses for the consolidated results stood at ₹341 crore, an increase from ₹320 crore in the year-ago quarter, reflecting higher operational costs during the growth phase.
The board declared the company's first interim dividend of ₹1 per equity share of face value ₹2 each for FY27, representing 50% of the face value and payable to shareholders on or before August 31, 2026. The unaudited standalone and consolidated financial results were reviewed by statutory auditors B S R & Co. LLP, which issued an unmodified conclusion under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Consolidated ROCE stood at 67% against 56% a year ago, while standalone ROCE moderated to 164% from 166%. On the NSE, Symphony shares closed at ₹672.30, down 1.53% on the day, taking the stock's year-to-date decline to over 26%. The company's total market capitalisation stood at approximately ₹4,622 crore as of market close.
