India · Delayed Price · Currency is INR Crompton Greaves Consumer Electricals Earnings Call Transcripts
Fiscal Year 2026
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Q3 saw 7% YOY revenue growth and 18.5% sequential EBITDA growth, driven by ECD and lighting. New residential wires and solar rooftop businesses expand the addressable market, while premiumization and cost actions support margin gains.
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Q2 saw steady revenue growth, strong gains in solar and kitchen segments, and margin expansion in lighting. Solar is set to become a major business, with high ROCE and robust order pipeline, while price hikes and cost initiatives aim to restore ECD margins.
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Q1 FY26 saw resilient performance with market share gains, strong growth in solar pumps and SDA, and stable margins despite weather disruptions. The company became debt-free, announced major sustainability goals, and is investing in new manufacturing capacity.
Fiscal Year 2025
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Double-digit revenue and profit growth were achieved, with strong margin expansion and robust performance across fans, pumps, appliances, and lighting. Strategic investments include a new greenfield facility and entry into the rooftop solar market, supporting long-term growth.
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Q3 FY25 saw 6% YoY revenue growth and 15% EBIT growth, with margin expansion across segments. Butterfly's EBITDA margin improved by 600 bps, and new product launches and digital initiatives are driving operational efficiency. Debt was reduced post-acquisition, and ESG scores improved significantly.
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Q2 FY25 saw 11% YOY revenue growth, led by strong ECD, appliances, and pumps, with lighting and Butterfly segments showing margin improvements. PAT rose 30% YOY, and new product launches, premiumization, and channel expansion are expected to sustain growth.
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Highest-ever quarterly revenue of INR 1,959 crore, with strong double-digit growth in ECD, fans, pumps, and appliances. Margins improved despite higher input costs, and premiumization and alternate channels continue to drive performance. Net cash-positive, with ongoing investments in innovation and brand.