Wiscon LED TVs became its dominant revenue engine in fiscal 2026

Wiscon LED TVs became the company’s dominant revenue engine in financial year 2026, contributing 67.67% of standalone revenue from operations, up from 45.86% in financial year 2025. The share reached 79.19% in the quarter ended June 30, 2026, while third-party-branded electric scooters declined from 48.40% to 13.47% over the disclosed periods.

How did LED TVs become Wiscon’s dominant revenue engine?

LED TVs became Wiscon’s largest standalone revenue category as sales increased from Rs 6.6461 crore in financial year 2025 to Rs 49.6622 crore in financial year 2026. The category’s share of revenue from operations rose by 21.81 percentage points, from 45.86% to 67.67%, while total standalone revenue from operations increased from Rs 14.4927 crore to Rs 73.3916 crore.

The shift continued in the quarter ended June 30, 2026. Wiscon recorded LED TV revenue of Rs 19.2616 crore, representing 79.19% of standalone revenue from operations of Rs 24.3227 crore. Electric scooters generated Rs 3.2760 crore, or 13.47%, leaving all other products and services with a combined Rs 1.7851 crore, or 7.34%.

The LED TV increase was principally volume-led. Wiscon sold 70,404 LED TVs in financial year 2026, compared with 9,205 units in financial year 2025, while the average selling price moved from Rs 7,220.10 to Rs 7,053.89. In the June 2026 quarter, 22,340 LED TV units were sold at an average selling price of Rs 8,622.07 and a disclosed gross margin of 25.36%, compared with 13.94% in financial year 2026 and 12.40% in financial year 2025.

Why did electric scooters lose their share of Wiscon revenue?

Electric scooters lost share because LED TV sales expanded faster, not because scooter sales ceased. Scooter revenue rose from Rs 7.0140 crore in financial year 2025 to Rs 19.8751 crore in financial year 2026, but its contribution to standalone revenue fell by 21.32 percentage points to 27.08%. In the quarter ended June 30, 2026, scooters accounted for Rs 3.2760 crore, compared with Rs 19.2616 crore for LED TVs.

Wiscon sells electric scooters under a third-party brand, whereas LED TVs, air coolers, washing machines and air conditioners are marketed under the Wiscon brand. Scooter volume rose from 840 units in financial year 2025 to 2,144 units in financial year 2026, but LED TV volume increased by 61,199 units over the same period. Scooter average selling price rose from Rs 83,500.00 to Rs 92,701.04, while disclosed scooter gross margin declined from 32.93% to 26.65%.

The June 2026 quarter showed a further reduction in the scooter mix. Wiscon sold 280 electric scooters at an average selling price of Rs 1,17,000.00 and a disclosed gross margin of 13.25%, against 22,340 LED TV units and a 25.36% LED TV gross margin. The TV-led mix therefore depends on LED TV unit sales remaining substantially above scooter volumes in later periods.

Which sales channel carries Wiscon’s LED TV revenue?

Business-to-business, or B2B, sales carry almost all of Wiscon’s LED TV revenue. B2B refers to sales to business customers, while business-to-consumer, or B2C, refers to direct sales through the company website. In financial year 2026, B2B LED TV sales were Rs 49.0762 crore, equal to 66.87% of total standalone revenue, while B2C LED TV sales were Rs 0.5860 crore, or 0.80%.

B2B reliance was also evident in the quarter ended June 30, 2026. B2B LED TV revenue reached Rs 19.1387 crore, representing 78.69% of standalone revenue, while B2C LED TV revenue was Rs 0.1229 crore, or 0.51%. All disclosed electric scooter revenue was B2B, comprising Rs 19.8751 crore in financial year 2026 and Rs 3.2760 crore in the June 2026 quarter.

The channel pattern coincides with customer concentration. Wiscon’s top 10 standalone customers accounted for 67.75% of revenue from operations in financial year 2026 and 63.36% in the quarter ended June 30, 2026. The largest customer represented 18.31% of financial year 2026 standalone revenue and 28.84% in the June quarter, making large B2B customer retention relevant to continued LED TV sales.

How concentrated are Wiscon’s markets and revenues?

Wiscon’s standalone revenue was entirely domestic in financial years 2024, 2025 and 2026 and in the quarter ended June 30, 2026, with no export revenue reported in any of those periods. Standalone revenue from operations rose from Rs 3.2145 crore in financial year 2024 to Rs 14.4927 crore in financial year 2025 and Rs 73.3916 crore in financial year 2026.

Wiscon reported customers across 22 states and three Union territories in financial year 2026, but Delhi supplied 71.48% of standalone revenue in that year. Delhi revenue rose from Rs 9.1283 crore, or 62.99% of financial year 2025 revenue, to Rs 52.4576 crore in financial year 2026. In the June 2026 quarter, Delhi contributed Rs 15.1862 crore, or 62.44%, while Bihar was the next-largest disclosed state at Rs 1.9582 crore, or 8.05%.

Consolidated figures show a similar product direction, but they are not comparable with financial year 2025 because Dalmia Technologies Limited became Wiscon’s wholly owned subsidiary under agreements dated May 25, 2025. LED TVs represented 72.24% of consolidated revenue from operations of Rs 196.8746 crore in financial year 2026 and 77.59% of Rs 69.8484 crore in the June 2026 quarter. Consolidated electric scooter shares were 21.64% and 17.20%, respectively.

What does the LED TV shift mean for Wiscon’s operating model?

The LED TV shift makes Wiscon increasingly dependent on a branded consumer-electronics category sold primarily through B2B customers. In financial year 2026, LED TVs produced 67.67% of standalone revenue, compared with 27.08% from third-party-branded scooters. The June 2026 quarter increased that gap to 79.19% for LED TVs and 13.47% for scooters.

Other categories remained small in financial year 2026. Air coolers and washing machines each supplied 1.56% of standalone revenue, air conditioners supplied 1.08%, spare parts supplied 0.09% and services supplied 0.97%. In the June 2026 quarter, air conditioners accounted for 2.77%, air coolers for 2.35% and washing machines for 2.06%, leaving LED TVs as the only category close to four-fifths of revenue.

Wiscon has disclosed a backward-integration strategy through investment in wholly owned subsidiary Dalmia Technologies Limited, which manufactures LED TVs and trades other electronic products from an approximately 22,950-square-foot facility in Okhla Industrial Area Phase II, New Delhi. Wiscon also disclosed strategies to strengthen brand visibility, expand its geographic presence across India and improve operational efficiency, all of which are tied to maintaining LED TV availability and sales distribution.

Conclusion

Wiscon’s revenue profile changed from a near-even split between LED TVs and electric scooters in financial year 2025 to a business led by LED TVs in financial year 2026. LED TVs contributed Rs 49.6622 crore of Rs 73.3916 crore in standalone revenue during financial year 2026, and their 79.19% share in the June 2026 quarter showed that the shift continued after the year-end.

The next reported periods will show whether Wiscon’s disclosed manufacturing integration, brand marketing and geographic-expansion plans broaden LED TV sales beyond Delhi and concentrated B2B customers. Later disclosures will also indicate whether the June 2026 LED TV gross margin of 25.36% and quarterly volume of 22,340 units are sustained.