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SYMPHONY - Symphony

📊 NSE: SYMPHONY 🏢 Domestic Appliances 📅 Last Updated: 12/14/2025 14:02

📢 Recent Corporate Announcements

Symphony Limited Receives Fine Waiver from NSE for RPT Disclosure Delay

🟢 POSITIVE ⭐ 3/10

REGULATORY 📅 12 Mar 2026, 11:55 AM

Symphony Limited has successfully secured a waiver from the National Stock Exchange (NSE) regarding a fine previously levied for a compliance delay. The fine was imposed due to the late submission of Related Party Transactions (RPT) disclosures for the half-year ended September 30, 2025. Following the company's waiver application on December 19, 2025, the NSE issued a favorable decision on March 11, 2026. This resolution settles a minor regulatory hurdle and demonstrates the exchange's acceptance of the company's clarifications.

NSE waived the fine for delayed submission of RPT disclosures under Regulation 23(9).
The compliance delay related to the half-year period ended September 30, 2025.
The company submitted its formal waiver request on December 19, 2025.
Official approval of the waiver was received via NSE letter dated March 11, 2026.

💡 This is a minor administrative update and does not affect the company's financial health or operations. No action is required as the regulatory matter is now resolved.

Symphony Limited Schedules One-on-One Meeting with Carnelian Asset Management

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 11 Mar 2026, 08:29 PM

Symphony Limited has scheduled a one-on-one virtual meeting with Carnelian Asset Management & Advisors Pvt. Ltd. on March 12, 2026. This interaction is part of the company's regular engagement with institutional investors to discuss business performance and outlook. The management has confirmed that no unpublished price sensitive information (UPSI) will be disclosed during the call. The presentation to be used for this meeting is already available on the company's official website for public access.

One-on-one virtual meeting scheduled with Carnelian Asset Management for March 12, 2026.
The meeting is conducted under SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015.
Management explicitly stated that no unpublished price sensitive information (UPSI) will be shared.
The relevant investor presentation is already uploaded on the company's website for transparency.

💡 No immediate action is required as this is a routine investor meeting. Shareholders may review the existing investor presentation on the company website to stay updated on management's strategy.

Symphony Limited Schedules One-on-One Virtual Meeting with Roha Asset Managers

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 09 Mar 2026, 05:17 PM

Symphony Limited has informed the exchanges about a scheduled interaction with Roha Asset Managers on March 10, 2026. The meeting will be conducted in a one-on-one virtual format to discuss the company's performance and outlook. Management has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during this session. The presentation to be used for this meeting is already available on the company's website for public review.

One-on-one virtual meeting scheduled for March 10, 2026.
Interaction is specifically with Roha Asset Managers.
Company confirms no unpublished price sensitive information (UPSI) will be disclosed.
Investor presentation is already accessible on the company's official website.

💡 This is a routine regulatory disclosure with no immediate impact on stock fundamentals. Investors may review the existing investor presentation on the company's website for insights into current business strategies.

Symphony Limited to Meet Institutional Investor Kayne Anderson Rudnick on March 4, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 02 Mar 2026, 05:22 PM

Symphony Limited has announced a one-on-one meeting with institutional investor Kayne Anderson Rudnick scheduled for March 4, 2026. The meeting will take place in Ahmedabad and involves the company's management interacting with the investor. The company has clarified that no unpublished price sensitive information (UPSI) will be shared during this session. This is a standard investor relations activity aimed at information dissemination.

One-on-one meeting scheduled with Kayne Anderson Rudnick on March 4, 2026
The meeting is set to take place at the company's location in Ahmedabad
Management confirms no unpublished price sensitive information will be shared
Investor presentation for the meeting is already available on the company website

💡 No immediate action is required as this is a routine investor interaction. Investors can review the existing presentation on the company's website for insights into management's outlook.

Symphony Management to Discuss Business and Sector Outlook on ET Now

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Feb 2026, 09:46 AM

Symphony Limited has announced that its management will be interacting with the business channel ET Now on February 26, 2026. The discussion is intended to cover the company's current business performance and the broader outlook for the consumer durables sector. This is a routine disclosure aimed at providing transparency and disseminating information to the public. Investors should look for qualitative insights regarding demand trends and the upcoming summer season expectations.

Management interaction scheduled with ET Now (English) on February 26, 2026.
The primary focus of the discussion will be the Business and Sector Outlook.
The interaction is part of the company's policy for wide dissemination of information to members.
Telecast details will be made available on the company's official website post-interaction.

💡 Investors should monitor the interview for any specific commentary on margin pressures or volume growth expectations for the next quarter. No immediate trading action is required based on this routine announcement.

Symphony Limited to Hold One-on-One Meeting with Eternity Capital on February 17, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 11 Feb 2026, 05:29 PM

Symphony Limited has announced a scheduled interaction with Eternity Capital on Tuesday, February 17, 2026. The meeting is designated as a one-on-one virtual session to discuss company performance and outlook. The management has clarified that no unpublished price sensitive information (UPSI) will be shared during this interaction. This is a routine engagement as part of the company's investor relations activities.

One-on-one virtual meeting scheduled with Eternity Capital for February 17, 2026.
Management confirms that no unpublished price sensitive information will be disclosed.
The investor presentation to be used is already available on the company's official website.
The meeting is subject to change or cancellation based on exigencies from either party.

💡 No immediate action is required as this is a routine investor meeting. Investors may review the existing corporate presentation on the company's website to understand the current business trajectory.

Symphony Limited Releases Updated Corporate Presentation

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 04 Feb 2026, 06:27 PM

Symphony Limited has informed the stock exchanges that it has uploaded an updated Corporate Presentation to its official website. This filing is a routine disclosure under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The presentation serves as a key resource for understanding the company's current business strategy, market share, and operational performance. Investors can access the document via the Corporate Governance section of the company's investor relations portal.

Updated Corporate Presentation released on February 4, 2026
Compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Document available on the company's website under the Corporate Governance section
Routine notification submitted to both NSE and BSE

💡 Investors should review the updated presentation on the company's website to gain insights into the management's outlook for the upcoming summer season. No immediate trading action is required based on this routine regulatory filing.

Symphony Q3FY26: Flat Revenue at ₹182 Cr, PAT at ₹34 Cr, and International Divestment Rollback

🟡 NEUTRAL ⭐ 8/10

EARNINGS 📅 04 Feb 2026, 02:11 PM

Symphony Limited reported flat standalone revenue of ₹182 crore for Q3FY26, while standalone PAT improved to ₹34 crore from a loss last year due to the absence of exceptional write-offs. A significant strategic update was the decision to roll back the divestment of international subsidiaries in Mexico and Australia as valuation offers did not meet management expectations. Trade inventory has normalized, and the company is seeing traction in counter-seasonal products like water heaters, which contributed 26% to the 9-month top line. The board declared a third interim dividend of ₹2 per share.

Standalone Q3 revenue remained stagnant at ₹182 crore with EBITDA at ₹31 crore.
Consolidated 9-month revenue declined 27% YoY to ₹793 crore compared to ₹1,088 crore in the previous year.
Management cancelled the sale of IMPCO Mexico and Climate Holdings Australia after 10 NDAs failed to yield desired valuations.
Non-cooler products and round-the-year categories now account for 26% of the 9-month standalone revenue.
Total treasury and subsidiary investments stand at approximately ₹800 crore as of December 31, 2025.

💡 Investors should focus on the company's ability to turn around international operations now that the divestment is off the table. The normalization of trade inventory and growth in the water heater segment are positive signs for the upcoming peak summer season.

Symphony Limited to Participate in Nuvama India Conference 2026 on February 10

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 04 Feb 2026, 02:07 PM

Symphony Limited has announced its participation in the Nuvama India Conference 2026, scheduled for February 10, 2026, in Mumbai. The management will engage in one-on-one and group meetings with institutional investors and analysts to discuss the company's performance and outlook. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during these interactions. This is a standard investor relations activity aimed at maintaining transparency with the financial community.

Participation in Nuvama India Conference 2026 on February 10, 2026.
Interaction format includes both One-on-One and Group meetings in Mumbai.
Company confirms that no unpublished price sensitive information (UPSI) will be disclosed.
Management presentation for the event is already available on the company's official website.

💡 This is a routine disclosure; investors should monitor for any post-conference analyst notes that might provide insights into the company's expectations for the upcoming summer season.

Symphony Limited to Participate in Nuvama India Conference 2026 on February 10

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 04 Feb 2026, 02:03 PM

Symphony Limited has scheduled its participation in the Nuvama India Conference 2026 to be held in Mumbai on February 10, 2026. The management will engage in one-on-one and group interactions with various institutional investors and analysts. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during these sessions. This is a routine investor relations activity aimed at maintaining transparency and providing updates based on publicly available information.

Participation in the Nuvama India Conference 2026 scheduled for February 10, 2026.
Interaction format includes both one-on-one and group meetings with institutional investors.
The meeting is set to take place in Mumbai, subject to potential exigencies.
Company confirms that no unpublished price sensitive information (UPSI) will be disclosed.
Existing investor presentations are already accessible on the company's official website.

💡 Investors should monitor for any post-conference reports from analysts that might provide insights into the management's outlook on the upcoming summer season. No immediate trading action is required based on this routine disclosure.

Symphony Limited to Hold One-on-One Virtual Meeting with Invisage Capital on February 4, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 31 Jan 2026, 06:24 PM

Symphony Limited has announced a scheduled interaction with Invisage Capital on February 4, 2026. The meeting is a one-on-one virtual session intended for institutional investor engagement. The company has clarified that no unpublished price sensitive information (UPSI) will be shared during the call. A management presentation for the meeting is already available on the company's website for public review.

One-on-one virtual meeting scheduled with Invisage Capital on February 4, 2026.
Management presentation for the interaction is already uploaded on the company website.
The meeting is conducted in compliance with SEBI (LODR) Regulations, 2015.
Company confirms no unpublished price sensitive information will be disclosed.

💡 This is a routine investor relations event; shareholders should review the existing management presentation on the company website for insights into current strategy.

Symphony Limited Releases Q3 FY26 Earnings Call Audio Recording

🟡 NEUTRAL ⭐ 3/10

EARNINGS 📅 29 Jan 2026, 04:39 PM

Symphony Limited has officially released the audio recording of its Q3 FY26 earnings conference call held on January 29, 2026. The recording is available on the company's website under the quarterly results section for public access. This filing is a routine regulatory requirement under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It allows investors who missed the live session to review management's commentary on the quarter's financial performance and future guidance.

Audio recording of the Q3 FY26 earnings call is now accessible on the company's website.
The earnings call was conducted on January 29, 2026, following the quarterly results announcement.
Disclosure made in compliance with SEBI (LODR) Regulations, 2015.
Provides transparency regarding management's discussion on business operations and outlook.

💡 Investors should listen to the recording to understand management's perspective on seasonal demand and margin sustainability. No immediate action is required as this is a routine administrative disclosure.

Symphony Limited Releases Q3FY26 Earnings Presentation

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 29 Jan 2026, 08:04 AM

Symphony Limited has officially released its earnings presentation for the third quarter of FY2025-26, as per the regulatory filing on January 29, 2026. The presentation provides a detailed overview of the company's financial and operational performance for the quarter ended December 31, 2025. This document is a key resource for investors to understand management's perspective on market trends and business strategy. The filing is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Symphony Limited submitted its Q3FY26 Earnings Presentation to NSE and BSE on January 29, 2026.
The presentation is made available to the public via the company's official website under the quarterly results section.
The filing serves as a supplementary document to the financial results for the quarter ended December 2025.
The disclosure follows the mandatory compliance requirements under SEBI LODR Regulations.

💡 Investors should download and review the presentation from the company's website to gain insights into volume growth, margin performance, and management's outlook for the upcoming peak summer season. Pay close attention to any updates regarding the performance of international subsidiaries and new product launches.

Symphony Management to Discuss Q3 FY26 Results on Business Channels on January 29

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 28 Jan 2026, 07:19 PM

Symphony Limited has announced that its management will interact with multiple business news channels on January 29, 2026. These interactions follow the declaration of financial results for the quarter and nine months ended December 31, 2025. The discussions will cover the company's financial performance, business outlook, and broader industry trends. Investors can tune into CNBC Bajar, ET Now Swadesh, and ET Now to gain qualitative insights directly from the leadership.

Management interaction scheduled for January 29, 2026, post Q3 FY26 results.
Three major channels covered: CNBC Bajar (12:45 PM), ET Now Swadesh (1:30 PM), and ET Now (1:45 PM).
Discussion topics include financial results, business outlook, and industry outlook.
Details of the telecast will be made available on the company's official website.

💡 Investors should monitor these interviews for management commentary on consumer demand and margin guidance. No immediate portfolio changes are recommended based on this routine scheduling announcement.

Symphony Declares ₹2.00 Interim Dividend for FY 2025-26; Record Date Feb 3

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 28 Jan 2026, 06:06 PM

Symphony Limited has declared an interim dividend of ₹2.00 per equity share (100% of face value) for the financial year 2025-26. The company has fixed February 03, 2026, as the record date to determine shareholder eligibility for the payout. Dividends will be paid exclusively through electronic modes, as physical warrants are no longer permitted. The announcement also provides detailed guidelines on Tax Deduction at Source (TDS), which varies from 0% to 20% based on the shareholder's residency status and documentation provided.

Interim dividend of ₹2.00 per share (100% of face value) declared for FY 2025-26.
Record date for determining dividend eligibility is Tuesday, February 03, 2026.
Standard TDS of 10% for resident individuals if total annual dividend exceeds ₹10,000.
Non-resident shareholders face a 20% TDS rate, subject to Double Tax Avoidance Treaty (DTAA) benefits.
Submission deadline for tax exemption forms (15G/15H) and other documents is February 03, 2026.

💡 Ensure your PAN and bank account details are updated with your Depository Participant and submit relevant tax forms by February 3 to optimize tax withholding.

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💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue grew 34.5% to INR 1,622.73 Cr in FY25. Standalone revenue grew 45.9% to INR 1,231.23 Cr. However, Q2 FY26 standalone revenue declined 40% YoY to INR 155 Cr due to channel inventory overhang. The Round-The-Year (RTY) portfolio recorded respectable growth and contributed 26% of H1 FY26 sales.

Geographic Revenue Split

The company operates across four continents. In Q2 FY26, Rest of World (ROW) revenue dropped sharply to INR 20 Cr from INR 50 Cr YoY. GSK China revenue grew 31% to INR 32 Cr in Q2 FY26.

Profitability Margins

Consolidated PAT for FY25 was INR 212.50 Cr (13.1% margin), up 43.5% from INR 148.13 Cr. Standalone PAT for Q2 FY26 was INR 28 Cr (18.3% margin), down 58% from INR 67 Cr (26.1% margin) in the previous year.

EBITDA Margin

Consolidated EBITDA (excluding other income/forex) for FY25 was INR 316 Cr (19.5% margin), up 82.7% YoY. Standalone EBITDA margin for Q2 FY26 declined to 17.3% from 27.8% YoY due to operating deleverage and product mix shifts.

Capital Expenditure

Core capital employed in the business is INR 16 Cr. The company maintains a negative or negligible working capital model. Total treasury surplus stood at INR 577 Cr as of September 30, 2025.

Credit Rating & Borrowing

Not disclosed in available documents; however, the company is sitting on a surplus treasury of INR 577 Cr and is advancing towards debt-free status in subsidiaries like GSK China through IPR monetization of INR 45 Cr.

⚙️ Operational Drivers

Raw Materials

Plastic (PP/ABS) and Metal components represent the primary material costs. The company is actively shifting the market from metal air coolers to plastic air coolers to gain market share.

Import Sources

Not specifically disclosed, though global operations in China, Mexico, Brazil, and Australia suggest diversified sourcing.

Capacity Expansion

Current capacity not disclosed in units; however, the company expanded its SKU range from 3 to 7 in specific premium categories to reinforce agility.

Raw Material Costs

Gross margin softness in Q2 FY26 (48.2% vs 49.5%) reflects product mix shifts. Management notes that expanded metal-to-plastic conversion products may impact gross margins by 1-2% but remain absolute-value accretive.

Manufacturing Efficiency

ROCE on core capital employed is in the 'high 4 digit' percentage range due to the negative working capital model and low core capital requirement of INR 16 Cr.

📈 Strategic Growth

Expected Growth Rate

34%

Growth Strategy

Achieving growth through the 'Round-The-Year' ecosystem (LSV, fans, heaters), precision-led GTM strategies targeting semi-urban/rural markets, and omnichannel acceleration. The company is also monetizing IPR (INR 45 Cr) and divesting non-core subsidiaries.

Products & Services

Residential Air Coolers, Industrial/Commercial Coolers (LSV), Tower Fans, Kitchen Cooling Fans, and Water Heaters.

Brand Portfolio

Symphony, Silenzo, Arctic Circle.

New Products/Services

Super-premium launches like Silenzo and Arctic Circle; Kitchen coolers and Water Heaters are part of the RTY portfolio contributing 26% to H1 sales.

Market Expansion

Targeting semi-urban and rural markets in India and expanding export-led revenue streams to mitigate domestic seasonality.

Market Share & Ranking

Management claims market share has remained stable among top 5-7 players, despite a 'long tail' of over 100 smaller competitors.

Strategic Alliances

Subsidiaries include GSK (China), IMPCO (Mexico), Climate Holdings (Australia), and SCL (Brazil).

🌍 External Factors

Industry Trends

The industry is seeing a shift from unorganized metal coolers to organized plastic coolers. Consumer durables are evolving from luxuries to essential household commodities in India.

Competitive Landscape

Fragmented market with over 100 players; Symphony competes primarily with 5-7 organized brands.

Competitive Moat

Brand leadership, extensive dealer network, and a negative working capital model provide a sustainable cost and distribution advantage.

Macro Economic Sensitivity

Highly sensitive to GST rate changes; a recent GST rate cut helped rationalize trade channel inventory and improve trade partner cash flows.

Consumer Behavior

Shift toward premiumization (Silenzo) and year-round utility (Water Heaters/Fans) to reduce seasonal dependence.

Geopolitical Risks

US-China trade tariffs are monitored; Symphony is less impacted than Chinese competitors, providing a relative advantage in the US market.

⚖️ Regulatory & Governance

Industry Regulations

Compliance with SEBI (Listing Obligations and Disclosure Requirements) and Indian Accounting Standards (Ind AS). GST rate cuts are a significant regulatory driver for demand.