This is the stock’s biggest single-day gain since August 6, 2024, when the it had risen 18.9%.
The company aims to broaden addressable market via adjacent consumer durable categories with long-term growth potential.
Symphony’s portfolio expansion is funded via internal accruals. The company said it is an asset-light model, with no current plan to invest in in-house manufacturing capacity.
The selective rollout across ranges, markets and channels commences from the third quarter of the financial year 2027, the company said. The pace and scale will be calibrated to consumer response and execution readiness, it added.
Brokerage firm Equirus is of the view that Symphony’s expansion into BLDC fans follows naturally from the tower and kitchen fan range.
However, air purifiers remain a small category and are unlikely to move the needle for several years, it said.
The brokerage added that it is watchful of the REC segment as the category has already evolved and consolidated around scaled players and building meaningful scale from here would a tough task. With regards to an asset-light construct, Equirus said neither margins nor pricing power comes easy.Hence, execution in the RAC segment is the key monitorable, it added.
In an interaction with CNBC-TV18 on August 5, Nrupesh Shah of Symphony said that the domestic business saw the volume-led growth of 15% during the second quarter, even as they were not able to export to West Asia due to disruptions in the region.
Shah added that he expects financial year 2027 to be a good year for the company.
Symphony shares surged 13.9% to hit an intraday high of ₹653 apiece on Tuesday. The stock is down 3.5% in the last one month and is down over 30% so far in 2026.
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