EMIL Share Update: Q4 Dip, Store Expansion & Bullish Analyst Call

Electronics Mart India Ltd (EMIL) has recently drawn attention due to its mixed Q4 FY25 results, aggressive retail expansion, and upbeat analyst outlook. Here's a comprehensive snapshot of what’s driving the stock:

📉 Q4 FY25 Performance: Revenue Up, Profit Down

• Revenue Growth: Total income climbed 15% YoY to ₹1,718.96 cr from ₹1,494.42 cr in Q4 FY24.
• Operating Profit & Margin: EBITDA edged up to ₹78.41 cr (+0.1% YoY), but the margin tightened to ~4.6% from ~5.3% a year ago.
• Net Profit Pressure: PAT fell 22.4% YoY to ₹31.46 cr, with EPS at just ₹0.82 versus ₹1.05 earlier.

🏪 Retail Footprint & Expansion

• EMIL operated 200 stores as of Q4 FY25 (189 multi‑brand outlets, 11 exclusive brand outlets), with plans to add 25–30 more this year.
• Same‑store sales grew modestly, with 1.5% for Q4 and 6.1% YoY for FY25, driven by strong demand for large appliances (47% of revenue).

📈 Market Reaction & Analyst View

• Following Q4 results, EMIL stock traded around ₹153–155, down from its 52‑week high of ₹262.
• LKP Research maintained a Buy rating with a target of ₹151, highlighting healthy same‑store growth and expansion potential.
• Analyst consensus shows strong institutional support, with peer‑leading financials: P/E ~36–37×, P/B ~3.8×, ROE ~10.5%, ROCE ~12.5%.

🔍 What Investors Should Know

• Profit Recovery: Watch if margins improve as new stores stabilize and operating leverage kicks in.
• Store Execution: Monitor expansion ahead of disruptions—store openings need to translate into sustained sales.
• Valuation & Growth Mix: At ~36× P/E, future value hinges on consistent earnings growth and healthy ROE.
• Retail Demand Outlook: Consumer electronics trends and macroeconomic conditions will directly impact sales.

📚 Sources

• LiveMint – EMIL Q4 FY25 results
• Economic Times – EMIL store expansion and same-store sales data
• LKP Research – Analyst report and target price