Symphony Ltd Q2FY26 Profit Falls 66% YoY; Declares Second Interim Dividend of ₹1 per Share

Ahmedabad, November 6, 2025: Symphony Limited reported a sharp 66% year-on-year decline in profit for Q2FY26, as weak demand and high inventory costs in the general trade weighed on margins. Despite the challenging quarter, the board approved a second interim dividend of ₹1 per share, bringing the total dividend payout for the year to ₹13.7 crore.

Key Financial Highlights

The company posted weak financial results for both the quarter and the half-year. Consolidated revenue for Q2FY26 fell 44% YoY, EBITDA declined 68%, and PAT dropped 66%. For H1FY26, consolidated revenue was down 39%, while PAT fell 58%, indicating continued operational challenges in the near term.

Management Commentary

Mr Nrupesh Shah, Managing Director, said the decline in revenue occurred from an “inventory overhang in the General Trade channel” for air coolers. However, the new product lines, such as kitchen cooling fans and water heaters, have generated a great profit for the company. He added that product mix shift and operating disruptions have created pressure on EBIDTA, but promised long-term growth to the company through product innovations. The company has also launched new coolers in its product segment, created eight new models, and added eight water heater variants with them.

Global Operations Update

In GSK China, it has sustained an upward trend, supported by IPR monetisation of ₹45 crore so far (₹22 crore received). IMPCO Mexico has reported consistent results in the non-seasonal quarter and increased its distribution of washing machines. Climate Holdings Australia has delivered its third successive quarter of year-on-year growth by focusing on asset-light operations and reducing costs.

Strategic Outlook

The company aims to strengthen its leadership in air cooling solutions while expanding its air force range. It focuses on the execution of a precision-led go-to-market strategy in urban and semi-urban areas to get deep penetration. To reduce the gap and maintain supply year-round, the company has built a year-round ecosystem across all categories. It will continue the export-led expansion in high-margin markets to pull out maximum revenue.

As of 6 November 2025, the share of Symphony Limited was closed at ₹945, up 7.25 or 0.77% from its previous close of ₹937.75.

REF: https://nsearchives.nseindia.com/corporate/SYMPHONY_06112025132028_Media_Release_06_11_2025.pdf

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