Synopsis:
Strong Q1 growth in electronics and commercial ACs signals expansion into defence and aerospace. With rising revenues, diversified divisions, new facilities, and strategic joint ventures, the business targets $1 billion in electronics revenue while maintaining leadership in consumer durables and railway subsystems.
India’s household appliances sector is on a strong growth trajectory, with market revenues valued at around US$64.6 billion in 2024 and projected to expand steadily at a CAGR of about 6–7% through 2033. For 2025, the industry anticipates value‑based growth of 10–15%, fueled by rising disposable incomes, premiumisation, and increasing demand for energy‑efficient, smart appliances.
With a market capitalization of Rs 26,778.02 crore, the shares of Amber Enterprises India Ltd were trading at Rs 7,903.10 per share, decreasing around 0.75 percent as compared to the previous closing price of Rs 7,963.15 apiece.
Amber Enterprises India Ltd aims to achieve $1 billion in electronics revenue over the next three years, driven by strong Q1 growth in components and commercial ACs. While Q2 and Q3 are seasonally weak for ACs, the company remains confident of surpassing industry growth by 10–12% and plans to expand further in the defence and aerospace segments.
The company delivered strong Q1FY26 results with revenue rising 44% to ₹3,449 crore from ₹2,401 crore in Q1FY25. Net profit also grew 41%, reaching ₹106 crore compared to ₹75 crore a year earlier, reflecting healthy operational and financial performance.
Amber Enterprises has transformed from an HVAC company in FY18 to a diversified player by FY25, growing revenue from ₹2,128 crore to ₹9,973 crore. Consumer durables now contribute 73%, while electronics surged to 22%, and railway subsystems and defence added 5%. With 30 manufacturing units and an 18,000+ workforce, innovation is driven by 300+ R&D employees.
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Amber Enterprises’ Consumer Durables Division has diversified significantly. RAC (Room Air Conditioners) contributed 72% to revenue in FY18, which reduced to 43% in FY25, reflecting a broader product mix. With 24 facilities and ~70% BoM (Bill of Materials) catering capability, the division spans RACs, CACs (Commercial ACs), and key components, showcasing strength in both finished goods and sub-assemblies.
Amber Enterprises’ Electronics Division operates five facilities with one more under expansion in Hosur. The division covers PCB-A, box build, and bare PCBs, Ascent Circuits, and Korea Circuit. Under MeitY’s ₹22,919 crore electronics scheme, Amber filed two projects worth ~₹4,190 crore, strengthening its footprint in India’s growing electronics manufacturing ecosystem.
Additionally, Amber’s Electronics Division is expanding with a ₹650 crore investment in a new Hosur facility, aiming for an annual capacity of up to 8,40,000 SqM. Commercial production is set to begin by Q4FY26/Q1FY27. Through a JV with IL JIN Electronics (70%) and Korea Circuits (30%), they’ll produce HDI, Flex, and semiconductor substrates, targeting mobile, IT, and semiconductor industries.
Amber’s Railway Sub-systems & Defense Division is expanding with one facility and two new projects, ensuring an order book visibility of ₹2,000+ crore. Collaborations include technology transfer for doors and gangways, plus a JV with Yujin Machinery for brakes, couplers, and gears. Sidwal’s new greenfield unit begins by Q4FY26, while Yujin JV product trials start by Sep’25.
Amber Enterprises India Limited is engaged in the manufacturing of consumer durable products. The Company is a solution provider for the air conditioner original equipment manufacturer (OEM) /original design manufacturer (ODM) industry in India.
Written by Abhishek Singh
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