Please find attached herewith Press Release For Q1 - FY2026-27

August 10, 2026 Ref. No. 38/2026-27 BSE Limited National Stock Exchange of India Limited P.J. Towers, Dalal Street. Exchange Plaza, C-1, Block G, Mumbai-400 001. Bandra Kurla Complex, Bandra (East), Mumbai – 400051 Scrip Code – 500279 Symbol – ONIDA Through: BSE Listing Centre Through: NEAPS Sub: Intimation of Press Release under Regulation 33 of SEBI (LODR) Regulations, 2015 Respected Sir/Madam, Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby enclose a copy of the press release titled "Onida Electronics delivers healthy top-line growth in Q1FY27 led by LED and Air Conditioner" that is being issued by the Company today, i.e., Monday August 10, 2026. The contents of the press release are self-explanatory and are being submitted for your information and for dissemination on your website. We request you to kindly take the same on record. Thanking You. for Onida Electronics Limited (formerly known as MIRC Electronics Limited) Vijay Mansukhani Chairman and Managing Director DIN: 01041809 Encl: - As above ONIDA ELECTRONICS LIMITED (Formerly known as MIRC Electronics Limited) Regd. Office: Onida House, G-1, M.I.D.C, Mahakali Caves Road, Andheri (East), Mumbai-400 093. Tel.: +91-22-6697 5777 CIN No.: L32300MH1981PLC023637. Website: www.onida.com Onida Q1FY2026-27 –Press Release Onida Electronics delivers healthy top-line growth in Q1FY27 led by LED and Air Condi(cid:415)oner. Revenue from Opera(cid:415)ons grows 29.5% YoY to ₹182.4 crore, while improved product mix drives higher gross margins Mumbai, August 10, 2026: Onida Electronics Limited (formerly known as MIRC Electronics Limited), one of India's leading consumer electronics and home appliances companies, announced its unaudited financial results for the quarter ended June 30, 2026. The Company commenced FY27 with strong revenue growth, driven by robust performance across its branded por(cid:414)olio. Healthy momentum in the LED Television and Air Condi(cid:415)oner businesses, coupled with an improved product mix, contributed to higher gross margins during the quarter. The Company also completed its corporate name change to Onida Electronics Limited, aligning its corporate iden(cid:415)ty with its flagship brand. Par(cid:415)culars (₹ Cr) Q1 FY27 Q1 FY26 Total Income 184.8 141.5 Revenue from Opera(cid:415)ons 182.4 140.9 PAT (14.2) (12.5) Key Financial Highlights:  Revenue from Opera(cid:415)ons grew 29.5% year-on-year to ₹182.4 crore, driven by 35.8% growth in the branded product business.  Total Income increased 30.6% year-on-year to ₹184.8 crore, reflec(cid:415)ng healthy business momentum during the quarter.  Overall Gross Margin improved to 17.3%, compared to 16.3% in Q1 FY26, supported by a favourable product mix.  Branded Gross Margin improved to 17.9% from 17.0% in the corresponding quarter last year.  The Company maintained a stable finance cost despite higher business ac(cid:415)vity. Key Business Highlights:  LED televisions emerged as the key growth driver during the quarter, registering 56.8% year-on-year growth, supported by new product launches and promo(cid:415)onal ini(cid:415)a(cid:415)ves.  The Air Condi(cid:415)oner business recorded 39.2% year-on-year growth, reflec(cid:415)ng recovery in seasonal demand and improved market trac(cid:415)on.  Overall branded sales achieved 35.8% year-on-year growth, driven by strong demand across key product categories.  Improved product mix and be(cid:425)er realiza(cid:415)ons across the LED Television and Air Condi(cid:415)oner businesses contributed to higher gross margins during the quarter. Onida Q1FY2026-27 –Press Release  Successfully completed the corporate name change from MIRC Electronics Limited to Onida Electronics Limited, reinforcing the Company's commitment to strengthening the iconic Onida brand and aligning its corporate iden(cid:415)ty with its flagship brand. The Company's branded business delivered strong growth during the quarter, led by robust performance in the LED television and Air Condi(cid:415)oner categories. LED sales benefited from new product introduc(cid:415)ons and promo(cid:415)onal ini(cid:415)a(cid:415)ves, while the Air Condi(cid:415)oner business witnessed healthy demand recovery. The improvement in product mix and realiza(cid:415)ons across key categories contributed to higher gross margins amid a compe(cid:415)(cid:415)ve market environment. Commen(cid:415)ng on the performance, Mr. Gunjan Srivastava, Chief Execu(cid:415)ve Officer & Managing Director, Onida Electronics Limited, said "Our performance in the first quarter reflects disciplined execu(cid:415)on and encouraging momentum across our core product categories. Healthy growth in the branded business, supported by strong demand for LED televisions and Air Condi(cid:415)oners, along with improved gross margins, provides a strong founda(cid:415)on for the year ahead. We remain focused on product innova(cid:415)on, delivering differen(cid:415)ated consumer experiences, enhancing opera(cid:415)onal efficiency and building a stronger, more agile business that is well posi(cid:415)oned to capitalise on opportuni(cid:415)es in India's growing consumer durables market." About Onida Electronics Limited Onida Electronics Limited (formerly known as MIRC Electronics Limited) is one of India's leading consumer electronics and home appliances companies with a legacy spanning over four decades. The Company offers a comprehensive por(cid:414)olio of consumer durable products, including televisions, air condi(cid:415)oners, washing machines, microwave ovens and other home appliances under the iconic Onida brand. With a strong focus on innova(cid:415)on, quality and customer sa(cid:415)sfac(cid:415)on, the Company con(cid:415)nues to strengthen its presence across India while delivering value to customers, partners and shareholders.