Crompton Greaves Consumer Electricals (CROMPTON) Q1 25/26 earnings summary

Executive summary

• Q1 FY26 results showed resilience and market share gains, outperforming the industry in several categories despite weather-related disruptions and a year-over-year decline in revenue and profit.

• High-growth categories like solar pumps and small domestic appliances led growth, while weather-impacted categories such as fans and air coolers saw declines.

• Butterfly segment continued its growth trajectory, with revenue up 3% YoY and EBITDA margin expanding by 170 bps to 6.8%.

• Board approved expansion into renewable energy and new product categories, with a Postal Ballot Notice for shareholder approval.

• Announced ambitious sustainability goals: 50% reduction in Scope 1 & 2 GHG emissions and 60% reduction in emission intensity per unit sales by 2035.

Financial highlights

• Standalone revenue for Q1 FY26 was ₹1,818.71–1,819 crore; consolidated revenue was ₹1,998.34 crore, both down year-over-year.

• Standalone EBIT was ₹155 crore (8.5% margin); standalone PAT was ₹125.15 crore (6.9% margin).

• Consolidated net profit was ₹123.90 crore, with a margin of 6.13%.

• EBITDA margin (standalone) was 9.8%, down 160 bps YoY.

• Became a zero-debt company after repaying the last ₹300 crore NCD loan.

Outlook and guidance

• Long-term demand outlook remains positive, with anticipated H2 recovery and ongoing investments in solar rooftop, premiumization, and new product launches.

• Greenfield manufacturing unit announced with ₹350 crore CapEx over 2–3 years, targeting domestic and export markets.

• Board and management focused on expanding product portfolio and entering renewable energy solutions.