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Informist, Thursday, Aug. 6, 2026

 

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By Devanshu Singla

 

MUMBAI – Crompton Greaves Consumer Electricals Ltd. Thursday reported a sharp growth in its net profit for the June quarter driven by a double-digit growth in revenue in all segments and price hikes across categories to offset rising input costs. The increase in the company's total expenses was in line with the growth in its revenue. Both net profit and revenue were below the Street estimates.

 

The electrical equipment company reported a net profit of INR 1.40 billion for the June quarter, up 15% from INR 1.22 billion in the year-ago quarter. The Street estimate for the net profit was INR 1.51 billion. Sequentially, the company posted a turnaround from a loss of INR 5.34 billion in the March quarter. 

 

The company's revenue from operations rose 12% to INR 22.35 billion for the June quarter from INR 19.98 billion. The Street estimate for the revenue was INR 22.75 billion. Sequentially, the company's revenue fell marginally from INR 22.83 billion. 

 

Total expenses rose 11% on year to INR 20.66 billion, driven by an increase in purchases of stock-in-trade and cost of material consumed. The company's purchase of stock-in-trade increased 33% to INR 12.22 billion, cost of materials consumed rose 10% to INR 4.55 billion, and other expenses increased 4% to INR 2.87 billion. It reported a negative change in inventories of finished goods, work-in-progress and stock-in-trade at INR 1.40 billion, which helped in reducing the total expenses. 

 

 

Crompton Greaves reported a total income of INR 22.57 billion, up 12% on year. Other income fell 8% on year to INR 218 million. The company's earnings before interest, tax, depreciation, and amortisation rose 14% on year to INR 2.24 billion. The EBITDA margin expanded to 10% from 9.8% in the year-ago quarter. The impact on EBITDA margin was offset by disciplined pricing actions, operating leverage, and cost initiatives.  

 

On a segment basis, the company's revenue from electric consumer durables segment increased 11% on year to INR 17.54 billion, lighting products grew 15% to INR 2.69 billion, and Butterfly products grew 18% to INR 2.12 billion. 

 

In the electric consumer durables segment, revenue from fans rose driven by strong performance in brushless direct current category, followed by table, pedestal, and wall, and ceiling fans business, the company said in an investor presentation. Pumps segment also recorded broad based strong performance across categories leading to market share gains, while effectively navigating commodity inflation and supply chain headwinds, the company said. 

 

The company sustained momentum in the lighting business on the back of a strong double-digit growth in both business-to-consumer and business-to-business segment. The growth in business to consumer category was driven by ceiling lights, and continuous momentum in outdoor range of street or flood lights. Earnings before interest and tax margin declined 70 bps in the lighting business as pre-contracted rates in business-to-business orders carried elevated input costs due to commodity inflation.

 

Crompton's revenue from subsidiary Butterfly Gandhimathi Appliances Ltd. increased 14% on year to INR 2.14 billion, driven by growth across channels including offline and online. EBITDA margins expanded by 20 bps on year to 7%, driven by price hikes and operating leverage. 

 

Thursday, shares of Crompton Greaves ended 1.5% higher at INR 270 apiece on the National Stock Exchange. The company's earnings were released after market hours.  End

 

Edited by Akul Nishant Akhoury

 

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