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CROMPTON - Crompton Gr. Con

📊 NSE: CROMPTON 🏢 Electric Equipment 📅 Last Updated: 12/13/2025 21:15

📢 Recent Corporate Announcements

Crompton Greaves to Meet Mirae Asset Investment Managers on March 12, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 09 Mar 2026, 12:03 PM

Crompton Greaves Consumer Electricals Limited has scheduled a physical meeting with Mirae Asset Investment Managers (India) Pvt. Ltd. The meeting is slated for March 12, 2026, between 2:30 PM and 3:30 PM. This disclosure is a routine compliance filing under Regulation 30 of SEBI (LODR) Regulations. The company has clarified that no unpublished price sensitive information (UPSI) will be shared during this interaction.

Meeting scheduled with Mirae Asset Investment Managers (India) Pvt. Ltd. on March 12, 2026
The interaction is a physical, single-type meeting scheduled for one hour starting at 2:30 PM
Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Company confirms that no unpublished price sensitive information (UPSI) will be shared during the session

💡 This is a routine regulatory disclosure of institutional engagement. Investors should monitor for any subsequent investor presentations or transcripts that may provide insights into the company's operational outlook.

Crompton Greaves Receives Credit Rating Affirmation of IND AA+/Stable for Rs 975 Cr Facilities

🟢 POSITIVE ⭐ 6/10

ROUTINE 📅 06 Mar 2026, 04:32 PM

India Ratings & Research has affirmed the credit ratings for Crompton Greaves Consumer Electricals Limited's bank loan facilities totaling Rs. 975 Crore. The long-term rating is maintained at 'IND AA+' with a stable outlook, while the short-term rating is affirmed at 'IND A1+'. This affirmation reflects the company's continued financial stability and strong credit profile within the consumer electricals industry. Such high ratings typically indicate a low expectation of default risk and a strong capacity for timely payment of financial commitments.

India Ratings & Research affirmed ratings for bank loan facilities worth Rs. 975 Crore.
Long-term rating maintained at 'IND AA+' with a 'Stable' outlook.
Short-term rating affirmed at 'IND A1+', the highest category for short-term instruments.
The affirmation covers the company's total bank loan exposure as of March 06, 2026.

💡 Investors should take this as a sign of the company's robust balance sheet and creditworthiness. No immediate action is required as the rating is an affirmation of existing strength rather than a change in status.

Crompton Greaves Receives Affirmation of IND AA+/Stable Rating for Rs 9,750 Cr Bank Facilities

🟢 POSITIVE ⭐ 6/10

ROUTINE 📅 06 Mar 2026, 12:38 PM

India Ratings & Research has reaffirmed the credit ratings for Crompton Greaves Consumer Electricals Limited's bank loan facilities totaling Rs 9,750 crore. The long-term rating is maintained at IND AA+ with a Stable outlook, while the short-term rating is affirmed at IND A1+. This affirmation underscores the company's strong credit profile and financial stability in the consumer electricals sector. The maintenance of high-grade ratings suggests consistent operational performance and robust debt-servicing capabilities.

India Ratings & Research affirmed ratings for bank loan facilities worth Rs 9,750 crore
Long-term rating maintained at IND AA+ with a Stable outlook
Short-term rating reaffirmed at the highest level of IND A1+
The rating affirmation covers a substantial credit limit, reflecting strong lender confidence

💡 Investors should take this as a sign of continued financial health and low credit risk. No immediate portfolio changes are necessary as the rating remains stable.

Crompton Greaves Schedules Investor Meeting with Enam AMC on March 11, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 02 Mar 2026, 08:58 PM

Crompton Greaves Consumer Electricals Limited has announced a scheduled interaction with Enam AMC. The meeting is set to take place physically on March 11, 2026, from 2:00 PM to 3:00 PM. This disclosure is a routine filing under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during this session.

Meeting scheduled with Enam AMC for March 11, 2026
Interaction type is a physical, single-participant meeting
Scheduled time slot is from 2:00 PM to 3:00 PM IST
Compliance filing under Regulation 30 of SEBI LODR Regulations
Company confirmed no unpublished price sensitive information will be discussed

💡 No immediate action is required as this is a routine investor engagement. Investors may look for any subsequent corporate presentations or meeting summaries if released by the company.

Crompton Greaves Schedules Meeting with Birla Mutual Fund on February 25, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 20 Feb 2026, 11:33 AM

Crompton Greaves Consumer Electricals Limited has announced a scheduled interaction with Birla Mutual Fund. The meeting is slated for February 25, 2026, from 4:00 PM to 5:00 PM IST. This is a physical, single-institution meeting as per SEBI Listing Obligations. The company has explicitly stated that no unpublished price sensitive information will be shared during this session.

Meeting scheduled with Birla Mutual Fund for February 25, 2026.
Interaction type is a physical meeting with a single institution.
Scheduled time for the meeting is 4:00 PM to 5:00 PM.
Compliance disclosure under Regulation 30 of SEBI LODR Regulations.

💡 This is a routine disclosure; investors do not need to take any immediate action. Monitor the company's website for any investor presentations shared following the meeting.

Crompton Launches EA400 AC Stabilizer for Domestic B2C Market

🟡 NEUTRAL ⭐ 3/10

EXPANSION 📅 18 Feb 2026, 02:53 PM

Crompton Greaves Consumer Electricals Limited has announced the launch of its new EA400 AC Stabilizer on February 18, 2026. The product is aimed at the domestic B2C market and is categorized under the company's lighting segment in the regulatory filing. Although the launch does not meet the formal materiality threshold, the company has disclosed it as a measure of good corporate governance. This move represents a routine addition to the company's consumer electricals portfolio.

Launched the EA400 AC Stabilizer on February 18, 2026
Targeted specifically at the domestic B2C consumer market
Categorized under the B2C Lighting segment in official disclosures
The launch did not trigger the materiality threshold under SEBI LODR regulations

💡 Investors should view this as a routine business update and continue to monitor the company's overall market share in the consumer electricals space.

Crompton Launches SUREBREEZE 55L Tower Air Cooler for Domestic Market

🟡 NEUTRAL ⭐ 3/10

EXPANSION 📅 17 Feb 2026, 05:42 PM

Crompton Greaves Consumer Electricals Limited has announced the launch of its new SUREBREEZE – 55L Tower Air Cooler on February 17, 2026. The product is designed for the domestic Indian market, aimed at strengthening the company's cooling solutions portfolio ahead of the peak summer season. While the company explicitly stated that this launch does not meet the formal materiality threshold, it was disclosed as a measure of good corporate governance. This move reflects the company's ongoing commitment to product innovation in the consumer electricals space.

Launched the SUREBREEZE – 55L Tower Air Cooler on February 17, 2026
The product is targeted exclusively at the domestic Indian market
Disclosure made under Regulation 30 of SEBI LODR as a governance practice
The launch does not trigger the formal materiality threshold for the company

💡 Investors should track the performance of the cooling segment in upcoming quarterly reports to see if new launches improve market share. No immediate action is required as this is a routine product addition.

Crompton Greaves Seeks Shareholder Approval for Re-appointment of P R Ramesh as Independent Director

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 12 Feb 2026, 06:42 PM

Crompton Greaves Consumer Electricals has issued a postal ballot notice to seek shareholder approval for the re-appointment of Mr. P R Ramesh as a Non-Executive Independent Director. The proposed second term is set to commence on May 21, 2026, and conclude on January 16, 2030. Shareholders can cast their votes electronically between February 13 and March 14, 2026, with the cut-off date for eligibility fixed as February 06, 2026. This re-appointment requires a special resolution, reflecting the board's confidence in his continued contribution to the company's governance.

Proposed re-appointment of Mr. P R Ramesh as Non-Executive Independent Director for a second term.
The new term is scheduled to run from May 21, 2026, to January 16, 2030.
Voting period for the special resolution is from February 13, 2026, to March 14, 2026.
The cut-off date for determining shareholder voting eligibility was February 06, 2026.
Final results of the postal ballot will be announced on or before March 17, 2026.

💡 Investors should review the director's profile and past contributions to ensure alignment with corporate governance standards. No immediate trading action is required as this is a routine administrative procedure.

Crompton Q3 FY26 Revenue at ₹1,898 Cr; Launches Residential Wires Business

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 11 Feb 2026, 07:30 PM

Crompton Greaves Consumer Electricals reported a consolidated revenue of ₹1,898 crores for Q3 FY26, with EBITDA growing 18.5% sequentially to reach a 10.3% margin. The company announced a strategic entry into the ₹36,000-37,000 crore residential wires market, with products launching in select markets within 6-7 weeks. Performance was supported by an 8% YoY growth in the ECD segment and a doubling of solar pump revenues. Additionally, Butterfly Gandhimathi showed strong recovery with a 44% YoY increase in net profit and 100 bps margin expansion.

Consolidated revenue of ₹1,898 crores with EBITDA margin expanding to 10.3%
Entry into residential wires business targeting a ₹36,000-37,000 crore market opportunity
Solar pump revenue more than doubled YoY; solar rooftop business booked ₹18-19 crores
Achieved #2 market share position in water heaters within General Trade (GT) nationally
Butterfly Gandhimathi net profit grew 44% YoY with EBITDA margins improving to 8.2%

💡 Investors should focus on the execution of the new wires business and the scalability of the solar segment. The sequential margin improvement and market share gains in water heaters indicate a positive turnaround in core categories.

Crompton Greaves Releases Video Recording of Q3 FY26 Earnings Call

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 06 Feb 2026, 08:36 PM

Crompton Greaves Consumer Electricals Limited has officially released the video recording of its earnings call held on February 6, 2026. The call focused on the unaudited financial results for the third quarter and the nine-month period ending December 31, 2025. This disclosure is a standard regulatory requirement under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Investors can now access the full management commentary and Q&A session via the company's investor relations website.

Earnings call conducted on February 6, 2026, regarding Q3 and nine-month FY26 results.
Video recording made available on the company's website on the same day as the call.
Complies with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Direct access provided to shareholders for management's detailed business performance discussion.

💡 Investors should review the earnings call recording to understand management's outlook on the consumer electricals sector and specific growth drivers for the company. This is a routine procedural update and does not necessitate any immediate change in investment stance.

Crompton Re-appoints P R Ramesh as Independent Director for Second Term until 2030

🟢 POSITIVE ⭐ 4/10

MANAGEMENT 📅 06 Feb 2026, 04:35 PM

Crompton Greaves Consumer Electricals has approved the re-appointment of Mr. P R Ramesh as a Non-Executive Independent Director for a second consecutive term. His new tenure will commence on May 21, 2026, and run through January 16, 2030, subject to shareholder approval. Mr. Ramesh is a veteran professional with over 40 years of experience and a former Director of Deloitte India. His continued presence on the board ensures strong governance and continuity in oversight for the company.

Re-appointment of Mr. P R Ramesh as Non-Executive Independent Director for a second term starting May 21, 2026.
The approved tenure extends until January 16, 2030, ensuring long-term board stability.
Mr. Ramesh brings over 40 years of professional experience, including a former leadership role at Deloitte India.
He currently serves on boards of major Indian corporations including Nestle India, L&T, and Cipla.

💡 Investors should view this as a positive development for corporate governance. No immediate action is required as this is a routine re-appointment of a highly qualified board member.

Crompton Q3 FY26 Revenue Up 7.3% to ₹1,898 Cr; Solar Rooftop Orders Reach ₹365 Cr

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 06 Feb 2026, 04:27 PM

Crompton Greaves Consumer Electricals reported a 7.3% YoY revenue growth to ₹1,898 crore in Q3 FY26, driven by steady performance in its ECD and Lighting segments. The company successfully transitioned to BEE 2.0 for fans and recorded its first revenue from the solar rooftop segment at ₹19 crore with a strong order pipeline of ₹365 crore. While EBITDA margins were slightly impacted by commodity costs at 10.3%, the Butterfly segment showed improvement with a 100 bps expansion in EBITDA margins. The company is aggressively expanding into new categories like Wires & Cables and mobile accessories to increase its total addressable market.

Consolidated revenue grew 7.3% YoY to ₹1,898 Cr, with PBT prior to exceptional items at ₹156 Cr.
ECD segment revenue rose 8% to ₹1,385 Cr, supported by double-digit growth in pumps and large domestic appliances.
Lighting segment achieved industry-leading EBIT margins of 12.1% on ₹275 Cr revenue.
Solar rooftop business debuted with ₹19 Cr revenue and a robust order book of ₹365 Cr.
Butterfly Gandhimathi revenue reached ₹245 Cr with gross margins improving by 300 bps YoY due to pricing actions.

💡 Investors should monitor the execution of the 'Crompton 2.0' strategy and the ramp-up of the high-potential solar and Wires & Cables segments. The stock remains a strong play on rural consumption recovery and premiumization in the consumer durables sector.

Crompton Q3 FY26 Results: Revenue Up 7% to ₹1,898 Cr; Strategic Entry into Residential Wires

🟡 NEUTRAL ⭐ 8/10

EARNINGS 📅 06 Feb 2026, 04:18 PM

Crompton Greaves Consumer Electricals reported a steady 7% YoY revenue growth to ₹1,898 Cr for Q3 FY26, supported by growth in both ECD and Lighting segments. While reported PAT declined 10% to ₹101 Cr, it was impacted by a ₹20 Cr exceptional item related to the new labour code; adjusted PAT actually grew 4% to ₹116 Cr. A key strategic highlight is the company's expansion into the residential wires market, aiming to leverage its brand legacy to become a full-suite home solutions provider. EBITDA margins saw a slight contraction to 10.3% from 10.8% due to competitive intensity and cost inflation.

Consolidated Revenue increased 7% YoY to ₹1,898 Cr, driven by 8% growth in ECD and 7% in Lighting.
Adjusted PAT (excluding ₹20 Cr exceptional cost for labour code) stood at ₹116 Cr, a 4% YoY increase.
Lighting segment EBIT margins improved by 130 bps YoY to 12.1%, despite industry-wide pricing pressures.
Announced entry into the residential wires segment with a full product range launch expected within 6 weeks.
Butterfly Gandhimathi subsidiary reported a 17% YoY growth in EBITDA to ₹20 Cr, with margins improving to 8.2%.

💡 Investors should monitor the scale-up of the new residential wires business and the margin recovery in the core ECD segment following the BEE 2.0 transition. While revenue growth is stable, the impact of competitive pricing on long-term margins remains a key watchpoint.

Crompton Announces Entry into Insulated Wires & Cables Segment by March 2026

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 06 Feb 2026, 03:48 PM

Crompton Greaves Consumer Electricals has announced its strategic entry into the 'Insulated Wires & Cables' segment, with a domestic launch scheduled for the end of March 2026. This move expands the company's footprint in the electrical building materials space, leveraging its existing brand equity and distribution network. Although the company stated the launch does not currently meet the formal materiality threshold, it represents a significant portfolio diversification. Investors should watch for the impact on revenue growth and margins as this new vertical scales in FY27.

Launch of a new range of Insulated Wires & Cables products for the domestic Indian market.
Commercial availability is targeted for the end of March 2026.
Strategic expansion into a high-demand category that complements existing lighting and fan businesses.
Disclosure made as a measure of good corporate governance despite not meeting materiality thresholds.

💡 Investors should monitor the company's ability to gain market share in the competitive cables segment and observe any capital expenditure plans related to this expansion in future quarterly updates.

Crompton Q3 FY26 Revenue Up 7.3% to ₹1,898 Cr; Net Profit Declines 9.8% to ₹101 Cr

🔵 WATCH ⭐ 8/10

EARNINGS 📅 06 Feb 2026, 03:43 PM

Crompton Greaves Consumer Electricals reported a 7.3% YoY growth in consolidated revenue to ₹1,898.30 crore for the quarter ended December 31, 2025. However, consolidated net profit declined by 9.8% YoY to ₹101 crore, primarily impacted by an exceptional expense of ₹20.04 crore. While the Lighting and Butterfly segments showed improved EBIT performance, the core Electric Consumer Durables (ECD) segment faced margin pressure with EBIT falling to ₹180.03 crore from ₹195.73 crore in the year-ago period. The company also initiated a postal ballot for the re-appointment of Mr. P R Ramesh as an Independent Director.

Consolidated revenue from operations increased 7.3% YoY to ₹1,898.30 crore.
Net profit for the quarter stood at ₹101.00 crore versus ₹111.92 crore in Q3 FY25.
Lighting segment EBIT grew to ₹33.31 crore, up from ₹27.78 crore in the same quarter last year.
Butterfly Products segment revenue rose to ₹238.32 crore with a marginal EBIT improvement to ₹14.02 crore.
Exceptional items of ₹20.04 crore were recorded during the quarter, impacting the overall bottom line.

💡 Investors should monitor the margin trajectory in the core ECD segment, which remains under pressure despite revenue growth. The steady performance in Lighting and Butterfly segments is a positive sign, but the overall profit decline may lead to short-term neutral stock movement.

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💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue from operations grew 7.53% YoY to INR 7,863.55 Cr in FY25. Lighting segment demonstrated 3.1% YoY growth with a 50% YoY increase in EBIT. The Butterfly kitchen business saw EBITDA growth of 21%, while the Crompton kitchen business grew at a comparable or slightly higher rate. However, Q2 FY26 net sales showed a slight decline of 0.8% YoY to INR 1,632 Cr due to unfavorable weather impacting seasonal categories.

Geographic Revenue Split

The company reported growth in its export business during FY25, though specific regional percentage splits are not disclosed. Domestic operations remain the primary driver, with a focus on expanding the global footprint to reach new consumers.

Profitability Margins

Consolidated Net Profit Margin improved to 7.17% in FY25 from 6.04% in FY24. Standalone Operating Profit Margin stood at 10.78% for FY25. However, Q2 FY26 margins faced pressure, with Adjusted Net Profit margin at 5.2% compared to 7.5% YoY, primarily due to higher material costs and transformation expenses.

EBITDA Margin

Consolidated EBITDA margin for Q2 FY26 stood at 8.0%, a decline from 11.0% in Q2 FY25. This 300 bps compression was driven by adverse product mix in the Electrical Consumer Durables (ECD) segment and increased investments in brand building and digital transformation (Crompton 2.0).

Capital Expenditure

The company maintains a modest capex policy, with annual cash accruals of INR 500-600 Cr being sufficient to cover debt obligations and planned capital expenditure. Specific historical INR Cr figures for FY25 capex were not explicitly detailed, but liquidity remains strong with cash equivalents of INR 543 Cr as of September 2024.

Credit Rating & Borrowing

CRISIL maintains a 'Stable' outlook with high credit ratings. The company has a term debt of INR 300 Cr in the form of NCDs scheduled for repayment in July 2025. Interest coverage ratio for FY25 was 10.77, reflecting a robust ability to service debt despite a decrease from 27.01 in the previous year.

⚙️ Operational Drivers

Raw Materials

Key raw materials include commodities used in electrical goods (steel, copper, and aluminum), with total material costs accounting for 67.06% of revenue (INR 5,273.33 Cr) in FY25, up from 68.38% in FY24.

Import Sources

Not specifically disclosed in the documents, though global supply chain risks and China's inflation rates (forecasted at 4.6% in 2025) are monitored as they impact input costs.

Capacity Expansion

The company is undergoing a manufacturing transformation, including the restructuring of the Baroda plant (incurring a one-time cost of INR 20.36 Cr) to optimize the production model and achieve higher economies of scale.

Raw Material Costs

Material costs as a percentage of net sales were 69.7% in Q2 FY26, compared to 68.1% in Q2 FY25. This 160 bps increase was driven by commodity price movements and an adverse mix of seasonal products.

Manufacturing Efficiency

The company is shifting towards a more efficient production model to achieve economies of scale. Inventory turnover ratio (on COGS) was 6.70 in FY25, slightly down from 6.48 in FY24.

Logistics & Distribution

The company is investing in Go-To-Market (GTM) processes and digital transformation to enhance distribution efficiency, though specific logistics costs as a % of revenue were not provided.

📈 Strategic Growth

Expected Growth Rate

10-12%

Growth Strategy

Growth will be driven by the 'Crompton 2.0' transformation, focusing on brand building, GTM excellence, and digital acceleration. The company is expanding into high-growth segments like Solar Rooftop (INR 500 Cr order book) and BLDC fans, while leveraging the Butterfly acquisition to scale the kitchen appliances vertical.

Products & Services

Fans (Ceiling, TPW, BLDC), LED Lighting, Pumps, Solar Water Pumps, Solar Rooftop systems, and Kitchen Appliances (Mixer Grinders, Cooktops).

Brand Portfolio

Crompton, Butterfly.

New Products/Services

Significant focus on BLDC fans and Solar Rooftop solutions. The Solar Rooftop business has an order book of INR 500 Cr executable over 6-12 months.

Market Expansion

The company is gaining market share in fans and pumps despite difficult market conditions. It is also expanding its presence in the premium kitchen segment through the Butterfly brand.

Market Share & Ranking

Crompton maintains market leadership in fans and residential pumps. It is a top player in the LED lighting segment with a 15.5% EBIT margin.

🌍 External Factors

Industry Trends

The industry is shifting toward energy-efficient products due to regulatory changes like the BEE transition (effective Jan 1, 2026). There is a growing trend toward BLDC technology in fans and solar-powered consumer solutions.

Competitive Landscape

Faces intense competition in the kitchen and lighting segments, which has historically limited pricing flexibility and necessitated high promotional spending.

Competitive Moat

Crompton's moat is built on its strong brand legacy, a vast distribution network (GTM excellence), and market leadership in core categories like fans. These are sustained through continuous R&D and high-decibel marketing (A&P spend was INR 305.75 Cr in FY25).

Macro Economic Sensitivity

Sensitive to rural demand recovery and inflation. China's 4.6% growth forecast and global fiscal packages are noted as factors influencing the broader economic environment.

Consumer Behavior

Shift toward premium and energy-efficient appliances (BLDC fans) and increasing adoption of solar energy solutions for residential use.

Geopolitical Risks

Geopolitical tensions are identified as risks that could impact supply chains, global trade, and investment flows.

⚖️ Regulatory & Governance

Industry Regulations

Mandatory BEE (Bureau of Energy Efficiency) star labeling transition for fans effective January 1, 2026, which impacts inventory planning and manufacturing standards.

Environmental Compliance

The company is focused on creating products with reduced environmental impact throughout their lifecycle and adheres to ESG profiles supported by CRISIL.

Taxation Policy Impact

Effective tax rate for FY25 was approximately 25.4% (INR 192.13 Cr tax on INR 756.21 Cr PBT).

⚠️ Risk Analysis

Key Uncertainties

Commodity price volatility (copper/steel) and unfavorable weather patterns pose a 2-3% risk to operating margins. The success of the 'Crompton 2.0' transformation is critical for long-term returns on current high investments.