Crompton Greaves Consumer Electricals (CROMPTON) Q3 24/25 earnings summary

Executive summary

• Q3 FY25 revenue grew 6% YoY, with EBIT up 15% YoY and margin expansion to 9.7%; PAT increased 17% YoY to Rs. 112 Cr, and nine-month EBIT surged 23% with margins at 9.9%.

• Standalone revenue for the year ended December 2024 reached INR 5,150 crore, up 12.5% YoY, with consolidated Q3 revenue at ₹1,769.21 crore and net profit at ₹111.92 crore.

• Crompton 2.0 initiatives and digital enablement are driving innovation, premiumization, and operational efficiency.

• Board approved unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024, with compliance confirmed by independent auditors.

• Achieved top ESG rankings, including S&P Global ESG score of 62 and DJSI global ranking #4 for consumer durables.

Financial highlights

• Standalone Q3 FY25 revenue: Rs. 1,545 Cr (+6% YoY); 9M FY25: Rs. 5,150 Cr (+12% YoY); consolidated Q3 net profit: Rs. 112 Cr (+31% YoY); EBITDA margin: 10.6% (+180 bps YoY).

• ECD margins improved by 160 bps YoY to 15.2%; Lighting segment margins stable at 10.8% despite higher A&P spend.

• Butterfly business EBITDA margin improved by 600–620 bps to 7.2%, with revenue decline arrested.

• Mixer grinders grew 46% YoY, pumps business grew 19% YoY, and material margin improved to 32.6%.

• Basic EPS for Q3 FY25: 1.74 (standalone), 1.71 (consolidated); net profit margin (consolidated): 6.28%.

Outlook and guidance

• Optimism for continued growth in fans, air coolers, and solar pumps, with new product launches and premiumization focus.

• Continued investment in R&D and digital initiatives to drive future growth and operational efficiency.

• Butterfly business expected to return to growth in Q4, with margin improvement as scale increases.

• Strategic emphasis on expanding premium product saliency and strengthening channel partnerships.