Domestic appliance manufacturer Intex Technologies plans to secure its opening round of external investment toward the close of FY27, followed by a public share listing during FY28. The company generated roughly ₹460 crore during FY26 and has set turnover targets exceeding ₹800 crore in FY27 and reaching ₹1,500 crore in FY28. Leadership noted that operations generate positive cash flow without an urgent call for external funds, though incoming equity partners will precede the eventual stock offering, for which valuation estimates remain undisclosed.
Having diversified away from handsets, the firm now markets smart television sets, cooling units, laundry machines, fridges, ceiling fans, geysers, and compact kitchen devices. Turnover jumped approximately 80 per cent in the prior financial year and 70 per cent across the first half of FY27, outpacing broader sectoral expansion that stayed in low single digits. Management indicated that commercial traction relies on buyers seeking upgraded equipment while staying within value-oriented expenditure brackets.
Component headwinds have emerged as a significant operating risk, with an international deficit of memory semiconductors lifting television manufacturing expenses by 35 to 40 per cent year on year. Consequently, retail rates for 55-inch connected screens increased from between ₹32,000 and ₹33,000 at the start of the calendar year to about ₹45,000, while 65-inch sets climbed from ₹50,000 to between ₹70,000 and ₹75,000. Executive commentary highlighted that these component expenses show no immediate signs of settling.
Other home categories also face inflation, with cooling appliances becoming 6 to 7 per cent dearer due to power-efficiency standards alongside copper price movements, while washing machines recorded increases of 4 to 5 per cent. Intex seeks to preserve a retail discount of 15 to 20 per cent relative to top tier industry competitors, supported by consumer adoption of retail loan options to fund these bigger purchases.
To service higher volumes, the enterprise maintains an unchanged capital spending commitment of ₹150 crore, which funds assembly facilities at Kundli and 50 dedicated retail locations under the Smart World banner. Traditional physical distribution currently handles nine-tenths of sales through 500 distributors and 25,000 retailers reaching roughly 18,000 postal codes. Digital channels, which currently capture an estimated 35 to 40 per cent of all television sales nationally, are projected to provide 15 to 20 per cent of company turnover by FY28.
Logistical adjustments are underway to manage bulky goods as discussions proceed to place television sets and air conditioners on rapid-delivery applications. Intex is establishing localized fulfillment points across Jaipur, Ahmedabad, Vijayawada, Kolkata, and Coimbatore, with total centers scheduled to hit roughly 18 locations by December. These installations will stock over 1,500 product lines to facilitate dispatch within one to two days, balancing rapid retail reach against the handling complexities of fragile, heavy inventory.
The organization recruited more than 1,000 workers over the past half-year to bolster retail, manufacturing, and internet delivery operations before approaching public markets. Going forward, the business must demonstrate that strong festive shopping can maintain operating profits while capital expenditure accelerates and raw material inflation persists.
Key numbers
- FY26 revenue: about ₹460 crore
- FY27 revenue target: more than ₹800 crore
- FY28 revenue target: ₹1,500 crore
- Planned capex: ₹150 crore
- Television input cost rise: 35–40%
What a board might note
- Whether the target of more than ₹800 crore in FY27 is realistic given that memory-chip shortages have already pushed television component expenses up by 35 to 40 per cent.
- How the planned ₹150-crore capital expenditure at Kundli and retail store rollout will affect cash-flow positivity ahead of the FY27-end external fundraise.
- Whether rapid logistics hubs in locations like Ahmedabad, Jaipur, and Kolkata can effectively protect margins on fragile, high-capacity appliances sold via quick commerce.
Source: The Hindu BusinessLine Companies, 11 October 2026. This is a summary of a news report, published as general information. It is not legal, tax or investment advice.
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