Symphony Limited is a prominent Indian multinational company and the world's largest manufacturer of air coolers. The company specializes in providing a diverse range of evaporative air cooling solutions for residential, commercial, and industrial applications. Symphony has established a strong global presence, with its products available in over 60 countries. The company's core business segments include Air Cooling and Other Appliances.
Founded in 1939 and headquartered in Ahmedabad, India, Symphony has built its reputation through decades of continuous innovation, strategic expansion, and a commitment to quality. As of 9M25, the company boasts an impressive portfolio of 97+ designs, 20+ copyrights, 55+ patents (with 22 applied for in FY24), and over 417 trademarks. This intellectual property underscores their dedication to product development and technological advancement. Symphony has sold over 27.5 million air coolers worldwide, solidifying its position as a market leader.
Symphony offers a comprehensive suite of cooling solutions designed to meet a wide array of needs. Their product range is broadly categorized into:
- Household Coolers: A variety of models designed for personal and home use, including popular series like Sumo (e.g., Sumo 75 XL DD, Sumo 115 XL) and Jumbo.
- Commercial Coolers: Advanced cooling systems for businesses and professional spaces, such as Movicool series.
- Large Space Venti-Cooling: High-capacity solutions for larger areas, including the Venti-Cool series.
- Tower Fans: Stylish and efficient cooling options like Symphony Surround-I and Duet i-S.
In recent developments, Symphony has introduced innovative product lines such as Packaged Air Coolers and universal air coolers for commercial use. The 'Sense' range features three advanced models with gesture-activated controls, while the 'Diamond' range is inspired by the design of diamonds, offering a stylish and trendy aesthetic.
As of July 2025, Symphony holds a significant market capitalization of ₹7,966 crores, reflecting its strong standing in the air cooling sector. The company has achieved annual revenue of ₹1,576 crores and a net profit of ₹213 crores, with promoter holding steadfast at 73.4%.
Symphony demonstrated robust financial performance in the fourth quarter of FY25 (Q4 FY25). Key highlights include:
- Q4 FY25 Revenue: ₹488 crores, marking a substantial 47% year-on-year growth.
- Q4 FY25 Net Profit: ₹79 crores, an impressive increase of 64.6% compared to the previous year.
- Q4 FY25 EBITDA: Jumped 77% year-on-year to ₹103 crores from ₹59 crores in the corresponding period last year.
The board has recommended a final dividend of ₹8 per share for FY25, indicative of the company's strong profitability.
- Annual Revenue: ₹1,576 Crores
- Annual Net Profit: ₹213 Crores
- Q4 FY25 Revenue: ₹488 Crores (47% YoY Growth)
- Q4 FY25 Net Profit: ₹79 Crores (64.6% YoY Growth)
- Q4 FY25 EBITDA: ₹103 Crores (77% YoY Growth)
- Final Dividend: ₹8 per share for FY25
- Market Capitalization: ₹7,966 Crores (as of July 2025)
- Promoter Holding: 73.4%
Symphony's global reach is a testament to its strategic expansion efforts. Through its subsidiary Impco, Symphony has managed its international operations effectively. A significant move was the acquisition of Climate Technologies in Australia in 2018, which provided substantial penetration into the US market.
The company's subsidiary in China, Guangdong Symphony Keruilai (GSK), has consistently shown strong financial performance, both domestically and internationally. GSK has also actively managed its financial obligations, notably repaying a ₹13.5 crore loan to Symphony India from its internal accruals, thereby reducing the outstanding balance to ₹49.6 crore.
Symphony's Australian subsidiary, CT, has also shown remarkable turnaround, reversing an 11-quarter trend of year-on-year revenue decline starting in June 2022. This positive momentum is attributed to an expanded product portfolio, broader geographical and distribution reach, and diligent cost optimization efforts.
- Chairman: Achal Bakeri
- Managing Director: Nrupesh Shah
- Company Secretary: Mayur Barvadiya
Symphony places a strong emphasis on research and development to maintain its competitive advantage. The company undertook extensive product value engineering in 2020, resulting in a revamp of its iconic Sumo series with updated aesthetics and enhanced features. Furthermore, Symphony has entered into a significant technology transfer agreement with IMPCO Mexico, valued at approximately $5 million (₹43.5 crore).
Symphony's market strategy is centered around leveraging its strong brand presence and expanding its reach. While the Indian summer of 2025 began with potential, the momentum has been mild due to erratic weather patterns. The company continues to focus on growing its presence in semi-urban and rural markets, alongside strengthening its position in the modern trade channel. Key strategic initiatives include scaling these growth markets, accelerating digital expansion, and deepening partnerships with modern retail outlets.
- Record Date for Final Dividend: July 18, 2025.
- Annual General Meeting (AGM): The 38th AGM is scheduled for August 1, 2025, to be conducted via video conference. The annual report will be disseminated prior to the meeting.
Symphony Limited continues to solidify its position as the world's largest air cooler manufacturer. Its success is driven by robust financial performance, a commitment to product innovation, and strategic global expansion across diverse markets.
