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Crompton Greaves Consumer Electricals Ltd on Thursday reported a 15.17 per cent increase in its consolidated net profit to Rs 142.7 crore in the June quarter of FY2026-27, helped by price hikes across categories and cost efficiencies. The company had posted a net profit of Rs 123.9 crore in the April-June quarter a year ago, according to a regulatory filing from Crompton Greaves Consumer Electricals Ltd (CGCEL). Its revenue from operations was at Rs 2,235.02 crore, up 11.84 per cent in the June quarter of FY'27. It was at Rs 1,998.38 crore in the corresponding quarter a year ago. Its "EBITDA margin expanded by 20 bps to 10 per cent, impacted by inflation, however offset by disciplined pricing actions, operating leverage and cost initiatives," said CGCEL in its earnings statement. CGCEL's total expenses were at Rs 2,065.50 crore, up 11.29 per cent in the first quarter of FY'27. The company "registered double-digit revenue growth across all the segments". Its "double-digit growth ..
Leading fans and residential pump maker Crompton Greaves Consumer Electricals expects to cross USD 1 billion sales mark this fiscal and achieve a double-digit revenue growth helped by a new strategy, its MD & CEO Promeet Ghosh said on Thursday. Moreover, the company expects to enter a new segment in the coming years and double its turnover in the next five to six years helped by its Crompton 2.0 vision, he said. Under Crompton 2.0 vision, the company is emphasising on consumer centricity, business growth, and profitability through innovations. Crompton Greaves operates in segments like fans, lights, water pumps and appliances. It is introducing next-generation technology platforms such as smart solutions, energy efficiency, durability and easy reparability for its products helped by enhanced in-house R&D. Crompton Greaves is quite encouraged by its last three quarters, in which the leading fans and water pump maker reported double-digit growth despite challenging market ...
Crompton Greaves Consumer Electricals Ltd on Thursday reported an increase of 26.9 per cent in its consolidated net profit to Rs 128.07 crore in the second quarter ended in September 2024. The company had posted a net profit of Rs 100.87 crore in the July-September quarter a year ago, according to a regulatory filing from Crompton Greaves Consumer Electricals Ltd (CGCEL). However, its revenue from operations rose by 6.4 per cent to Rs 1,896.01 crore in the quarter under review, from Rs 1,782.27 crore in the same period last year. CGCEL's total expenses rose to Rs 1,742.79 crore in the September quarter of FY25, registering an increase of 4.9 per cent. The total consolidated income of CGCEL stood at Rs 1,913.53 crore in the September quarter, up 6.47 per cent. In the September quarter, CGCEL's revenue from the electric consumer durables segment was up 12.5 per cent to Rs 1,392.7 crore. Similarly, revenue from its lighting products business was up 6 per cent to Rs 253.13 crore. Ho