Aequs targets consumer electronics scale-up with ₹500 Cr FY27 capex
Aequs plans to direct about ₹500 Cr of its ₹660 Cr FY27 capex towards consumer electronics manufacturing. The vertical generated ₹73.4 Cr, or 19% of Q1 FY27 revenue, but posted a ₹36.1 Cr EBITDA loss at roughly 23% capacity utilisation.
Aequs is scaling its Indian consumer electronics manufacturing business, investing about ₹500 Cr of FY27 capex and signing a ₹2,856 Cr Karnataka expansion MoU. The vertical contributed 19% of Q1 FY27 revenue but remains loss-making amid low 23% capacity utilisation.
Why this matters
Aequs’ ₹500 Cr electronics bet follows its Q1 FY27 result, when it posted a ₹53.2 Cr loss as costs outpaced 55% revenue growth. The capex targets a vertical operating at low utilisation and negative EBITDA.
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