Osel Devices sees FY27 revenue of ₹500 cr after 57% jump
The electronics distributor's profit grew alongside revenue in FY26. Management is now targeting a near-doubling of sales for the next year.
What's new
- FY26 revenue hit ₹292.7 crore (+56.9% YoY), with EBITDA at ₹53.3 crore and PAT at ₹29.2 crore.
- LED display SaaS platform now has 300 live locations across India.
- Management is targeting ₹500 crore in revenue for FY27, with a new SEZ hub due for commercialization in April 2027.
Why this matters
Osel is not just growing; it's diversifying revenue streams across hearing aids, LED displays, and Philips phone distribution. The ₹500 crore target is an aggressive 71% increase over FY26, signalling confidence in all three verticals scaling simultaneously. The EBITDA margin of 18.2% shows profitability is scaling with revenue.
What we're watching
- Execution on the ₹500 crore revenue target — a 71% leap from FY26.
- Ramp-up at the Navi Mumbai SEZ hub after the Letter of Intent.
- Customer acquisition pace for the LED display SaaS platform beyond 300 locations.
The full read
Osel Devices posted FY26 revenue of ₹292.7 crore, a 56.9% year-on-year jump, with profit after tax at ₹29.2 crore. The company is now guiding for ₹500 crore in FY27, an ambitious 71% leap. That confidence is backed by three concurrent growth engines: a retail hearing-aid business integrated via the SFL acquisition, an LED display SaaS platform running at 300 live locations, and Philips-branded phone distribution. Profitability is scaling with the top line, as shown by an 18.2% EBITDA margin. The next physical catalyst is a new SEZ hub in Navi Mumbai, which got its Letter of Intent and is due for commercialization in April 2027.
Questions answered
- How profitable was Osel Devices in FY26?
- The company earned ₹29.2 crore in profit after tax on revenue of ₹292.7 crore. Its EBITDA margin stood at 18.2%, or ₹53.3 crore, showing profitability grew in line with the 56.9% revenue increase.
- What is the new growth target for FY27?
- Management is targeting revenue of ₹500 crore for the next fiscal year. This represents a 71% increase over the ₹292.7 crore achieved in FY26.
- What are the key growth drivers beyond the core business?
- Osel is expanding into hearing aids retail via the SFL acquisition and running a Philips-branded mobile phone distribution business. Its LED display SaaS platform has secured 300 live locations across India.
- What is the status of the JNPA SEZ hub?
- The company received a Letter of Intent for its planned hub in Navi Mumbai. Commercial operations are targeted to begin in April 2027.