The company’s revenue from operations came in at Rs 1,898 crore, reflecting a 7.3% YoY increase from Rs 1,769 crore in the corresponding quarter of the previous fiscal year. This was supported by continued growth in the lighting and ECD segments. EBITDA margin declined by 50 basis points to 10.3%, the company said in a press release statement.
During the quarter, Crompton also announced its entry into the residential wires category. The company aims to expand its Total Addressable Market and move towards becoming a comprehensive home solutions provider. A full range of residential wires is expected to be launched in select markets in about six weeks.
Within segments, the ECD business reported revenue growth of 7.6% YoY. The transition to BEE 2.0 norms in ceiling fans was completed smoothly without any business disruption. Water heaters secured the #2 position pan-India in the trade channel, while Small Domestic Appliances recorded high single-digit growth, led by small kitchen appliance products.
The lighting segment delivered industry-leading revenue growth of 6.7% YoY, driven by ceiling lights, accessories and strong contributions from new product launches. The business reported strong double-digit volume growth across both B2B and B2C channels and achieved industry-leading margins during the period.
Butterfly Gandhimathi Appliances Ltd reported revenue of Rs 245 crore, with EBITDA rising 17% YoY. Growth was primarily supported by cookers and gas stoves. The launch of the premium Idea First Series was strengthened through a high-impact 360-degree marketing campaign. Retail momentum improved significantly through better in-store visibility and consumer engagement initiatives, while a focus on large-format retail stores helped enhance the premium product mix.
Crompton Greaves Consumer Electricals shares have slipped 25% in the last 1 year.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.)