Crompton Greaves Consumer Electricals Ltd
NSE:CROMPTON
Crompton Greaves Consumer Electricals Ltd
Crompton Greaves Consumer Electricals Ltd., an offshoot of the illustrious Crompton Greaves Limited, embarked on its independent journey in 2015 with a focus on consumer electricals. Carving a niche for itself, the company commands a significant presence in the Indian market, offering a spectrum of products that seamlessly blend utility and innovation. From fans, pumps, and lighting to an expanding array of household appliances, Crompton has positioned itself as a vital player, harnessing years of expertise to provide durable and reliable solutions tailored for varied consumer needs. This strategic evolution from its industrial roots reflects a calculated pivot designed to capture the robust growth within India's consumer electricity sector.
At the heart of Crompton's financial engine is its ability to accommodate consumer-centric innovation while maintaining operational efficiency. Its robust distribution network ensures wide-reaching availability, bolstered by a brand legacy that resonates with trust and quality. By investing in research and development, Crompton continuously refines its product lineup to better serve its demographic's shifting preferences, differentiating itself in a competitive field. Revenue generation is largely driven by its core segments—particularly fans and lighting, which remain popular across both urban and rural landscapes. This adaptability and deep understanding of its market dynamics not only fuel sales but also enhance Crompton’s stature as a household name in consumer electricals across India.
Crompton Greaves Consumer Electricals Ltd., an offshoot of the illustrious Crompton Greaves Limited, embarked on its independent journey in 2015 with a focus on consumer electricals. Carving a niche for itself, the company commands a significant presence in the Indian market, offering a spectrum of products that seamlessly blend utility and innovation. From fans, pumps, and lighting to an expanding array of household appliances, Crompton has positioned itself as a vital player, harnessing years of expertise to provide durable and reliable solutions tailored for varied consumer needs. This strategic evolution from its industrial roots reflects a calculated pivot designed to capture the robust growth within India's consumer electricity sector.
At the heart of Crompton's financial engine is its ability to accommodate consumer-centric innovation while maintaining operational efficiency. Its robust distribution network ensures wide-reaching availability, bolstered by a brand legacy that resonates with trust and quality. By investing in research and development, Crompton continuously refines its product lineup to better serve its demographic's shifting preferences, differentiating itself in a competitive field. Revenue generation is largely driven by its core segments—particularly fans and lighting, which remain popular across both urban and rural landscapes. This adaptability and deep understanding of its market dynamics not only fuel sales but also enhance Crompton’s stature as a household name in consumer electricals across India.
Revenue Growth: Crompton reported consolidated revenue of INR 1,898 crores for Q3, up about 7% year-on-year and showing strong quarter-on-quarter improvement.
Margin Expansion: EBITDA grew 18.5% sequentially with margin expanding to 10.3%, led by volume and margin improvements in the ECD segment and continued strong margins in lighting.
Wires Launch: Crompton is launching a range of residential wires in the next 6–7 weeks, expanding its addressable market and aiming for meaningful scale and leadership.
Solar Business Momentum: Solar rooftop revenues of INR 18–19 crores were booked this quarter, with a robust order book (approximately INR 500 crores) and ongoing ramp-up expected.
Butterfly Performance: Butterfly revenue grew 3% YoY to INR 245 crores, with EBITDA margin up nearly 100 bps to 8.2% and net profit up 44% YoY, driven by premiumization and cost optimization.
Market Share Gains: Crompton is now the #2 water heater brand in general trade nationally and continues to gain share in BLDC fans.
Price Hikes & Cost Actions: The company implemented a 1–1.5% price increase in January to offset commodity cost inflation and plans two more rounds of price hikes in Q4 and Q1.
