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Bajaj Electricals Shares: Nirmal Bang Maintains 'Buy' Post Subdued Q2 Results, Trims Target Price
It is critical for Bajaj Electricals to enhance its product portfolio through stronger R&D, focus on improving aesthetics, design appeal, and feature-led differentiation, adds Nirmal Bang.
03 Nov 2025, 01:24 PM IST 
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Bajaj Electricals remains cautiously optimistic about the near-term demand outlook, expecting consumption to recover in H2 FY26, aided by GST reforms that are likely to put more disposable income in the hands of consumers. (Photo: Bajaj Electricals website)
Bajaj Electricals reported a subdued performance in Q2 FY26 with revenue at Rs 11 billion, reflecting a marginal ~1% YoY decline, largely due to unseasonal rains that dampened demand for seasonal products. The consumer products segment witnessed a ~4.1% YoY decline, impacted by weakness in the fans category and a double-digit drop in air coolers; however, ceiling fans stood out with strong double digit value growth, driven by premium...
