Crompton Greaves Consumer Electricals reported a 15.2% rise in net profit for the first quarter, driven by strong sales of premium fans and a push into solar products, amid sustained demand and pricing strategies.
Crompton Greaves Consumer Electricals reported a stronger first quarter, with net profit rising 15.2% year on year to ₹142.70 crore as revenue increased 11.8% to ₹2,256.81 crore. The consumer electricals maker said demand remained firm across its core businesses, helped by pricing actions and growth in premium fans, even as commodity inflation continued to weigh on costs. ICICI Direct said the company’s revenue was broadly in line with that trend, while EBITDA margin held up better than expected at just over 10%, despite pressure from input prices. The quarter also reflected a market that is still rewarding companies able to protect margins while growing volume.
Within the Electric Consumer Durables business, the main driver of growth, the company cited particularly strong sales of BLDC fans, a more energy-efficient category that is gaining traction with customers. ICICI Direct reported that the segment, which includes fans, pumps and appliances, accounted for ₹1,755 crore of revenue, while lighting rose 14.5% to ₹316 crore and Butterfly increased 16.6% to ₹218 crore. Management said heatwave-driven demand and a rural recovery were supporting the outlook, although execution in newer categories remains a key risk.
The company also pointed to a larger push into solar products, saying its rooftop solar order book is about ₹450 crore and is expected to be executed mainly in the second and third quarters. That expansion comes as Crompton looks to broaden its addressable market with solar rooftops and solar pumps, while also preparing for a ₹350 crore greenfield manufacturing facility. A separate video discussion with ET Now said volume growth was 3% even when revenue was flat on some measures, underscoring how pricing and product mix remain central to the company’s near-term performance.
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