Crompton Greaves Consumer Electricals LimitedQ2 FY27 Results & Financial Update
Crompton Greaves Consumer Electricals Limited: Q2 FY27 consolidated results and company financials – revenue ₹2,263.29 Cr, PAT ₹124.39 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Crompton Greaves Consumer Electricals Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Crompton Greaves Consumer Electricals delivered consolidated revenue of Rs 2,263.29 crore for Q2 FY27, representing a sequential increase of 1.26 percent compared to Q1 FY27 revenue of Rs 2,235.02 crore. On a year-over-year basis, the company highlighted a top-line growth of 18.2 percent in its earnings communications.
Profitability for the quarter remained robust, with consolidated Profit After Tax (PAT) reported at Rs 124.39 crore. This reflects a sequential moderation of 12.83 percent compared to Rs 142.70 crore in Q1 FY27, though management emphasized strong double-digit growth on a year-over-year basis due to operating leverage and cost optimization.
Consolidated EBITDA reached Rs 205 crore, delivering an EBITDA margin of 9.0 percent. Margin performance was supported by disciplined price adjustments, operational efficiencies, and ongoing savings driven by the Unnati cost-management program, which helped partially offset persistent commodity inflation.
All three core business segments demonstrated double-digit top-line growth for the third consecutive quarter. The Electrical Consumer Durables (ECD) segment registered revenue of Rs 1,634 crore, growing 19.4 percent year-over-year, supported by robust demand across fans, residential pumps, and water heaters.
The Lighting segment maintained its mid-teen revenue trajectory with revenues of Rs 298 crore, up 14.3 percent year-over-year, driven by healthy momentum in both B2C and B2B channels, despite EBIT margins being impacted by pre-contracted B2B order pricing.
Subsidiary Butterfly Gandhimathi Appliances continued its growth momentum, posting revenue of Rs 331 crore (a 13.1 percent increase year-over-year), underpinned by solid demand across core kitchen appliance categories and successful festive campaigns.
Operating cash flows and working capital were influenced by a strategic inventory buildup to normalize supply chain disruptions experienced earlier in the fiscal year. The company remains debt-free and on track with its broader financial and strategic ambitions.
01 · Business model
What does Crompton Greaves Consumer Electricals do?
Crompton Greaves Consumer Electricals Limited is one of India's established consumer durables companies, maintaining leadership positions across several categories including ceiling fans and residential pumps.
The company manufactures and markets a wide spectrum of products spanning Electrical Consumer Durables (ECD) such as fans, pumps, large domestic appliances, and small domestic appliances, alongside a comprehensive lighting portfolio covering both B2C and B2B segments.
Through its subsidiaries including Butterfly Gandhimathi Appliances, the company extends its footprint into kitchen appliances like mixer grinders, pressure cookers, and cooktops, alongside energy solutions like solar pumps and rooftop solar installations.
Crompton operates a extensive distribution network reaching over 2.75 lakh retail touchpoints across India, supported by an after-sales service infrastructure comprising more than 1,300 authorized service centers.
02 · Historical context
What shaped the business before this quarter
Since initiating the Crompton 2.0 transformation agenda, the company has focused front-ended investments in brand building, distribution reach, and the turnaround of its lighting and subsidiary Butterfly businesses.
03 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹2,263.29 Cr | ₹2,235.02 Cr |
| Total income | ₹2,280.84 Cr | ₹2,256.81 Cr |
| Profit before tax | ₹166.93 Cr | ₹191.31 Cr |
| Profit after tax | ₹124.39 Cr | ₹142.70 Cr |
| EPS | ₹1.85 | ₹2.18 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue growth was substantially anchored by double-digit expansion in general trade, led by strong consumer demand across the South and West regions.
The company recorded its highest-ever quarterly export sales during Q2 FY27, contributing to broader top-line diversification.
ECD revenue expanded by 19.4 percent year-over-year to Rs 1,634 crore, marked by the highest quarterly growth rate in nine quarters across fans, conventional pumps, large domestic appliances (LDA), and small domestic appliances (SDA).
Lighting revenue grew by 14.3 percent year-over-year to Rs 298 crore, supported by robust performance in ceiling lights, outdoor street/flood lighting, LED battens, and execution of marquee B2B projects.
What drove margins
Material margins were affected by continued commodity inflation, which was partially mitigated through disciplined, low-single-digit price increases and product mix improvements.
Consolidated EBITDA margin expanded by 40 basis points year-over-year to 9.0 percent, aided by operating leverage and ongoing cost efficiencies realized under the Unnati program.
Lighting EBIT margin stood at 12.9 percent, contracting by 260 basis points year-over-year due to B2B orders executed at pre-contracted prices, though it improved sequentially by 90 basis points.
05 · Demand, customers & order book
Where demand is coming from
Top retail outlet coverage under the Parivaar Secondary initiative increased from 41 percent in Q1 to 62 percent in Q2 FY27, representing a 240 basis point enhancement in distribution depth.
Execution of the Andhra Pradesh rooftop solar tender progressed steadily, with approximately 20,000 units installed, covering 50 percent of the order book.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
ECD revenue reached Rs 1,634 crore with an EBIT of Rs 189 crore (11.6 percent EBIT margin). Growth was led by BLDC fans, non-solar pumps, water heaters, and air fryers.
Lighting revenue reached Rs 298 crore with an EBIT of Rs 38 crore (12.9 percent EBIT margin). B2B execution included marquee projects such as the TSAT project in Assam and the Adani Data Center in Hyderabad.
Butterfly reported revenue of Rs 331 crore and EBITDA of Rs 32 crore (9.5 percent margin), driven by market share gains in pressure cookers, glass cooktops, and mixer grinders.
Geography and market mix
General trade expansion was particularly strong in the South and West regions, supported by regional festival campaigns such as Onam and Ganesh Chaturthi.
International business achieved its highest-ever quarterly sales, reflecting expanding export reach.
07 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
The company maintains 7 manufacturing units supporting its wide product portfolio across consumer electricals and appliances.
Projects, capex and execution
Capex guidance remains on track with an annual run-rate of approximately Rs 120 crore, excluding greenfield capital expenditures.
08 · Strategy & new businesses
How the company is trying to change its growth mix
The company unveiled a refreshed brand identity for 'Crompton' with the tagline 'Amazing, Every Day', introducing a new monogram and sonic signature to strengthen consumer connectivity.
New product introductions included SP Fluido Glide BLDC ceiling fans, Water Biofier with CDI technology, Renz Pro 5-star commercial gas stoves, and Intellisense SmartPro pump controllers.
09 · Reported developments
What changed operationally
Achieved double-digit revenue growth across all three business segments for the third consecutive quarter.
Reported an H1 customer satisfaction (CSAT) score of 4.45 out of 5.0 and resolved 70 percent of R24 service requests.
10 · Pressure points & risks
What is not going smoothly
E-commerce channel growth remained subdued as the company balanced growth objectives with profitability.
Lighting EBIT margins experienced year-over-year contraction due to legacy pre-contracted B2B pricing orders amidst rising input costs.
11 · Items worth noticing
The line items that can distort a quick read
No exceptional items were reported for Q2 FY27 (compared to Rs 20 crore in Q2 FY26).
12 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Net working capital increased during the half-year due to a strategic inventory buildup to counter supply chain disruptions experienced in Q1, which management noted has since been normalized.
Capital allocation & funding
Crompton maintained a debt-free balance sheet position with strong cash generation from operations.
13 · Management guidance & targets
What management is targeting from here
Management reaffirmed its FY29 checkpoints, targeting a revenue CAGR of 13 percent to 14 percent, a smart and connected product mix of approximately 15 percent, a new business share of 14 percent to 15 percent, and an exit EBITDA margin of 11 percent to 12 percent.
14 · Beyond the numbers
What changed beyond the numbers
Reported update
ESG and Sustainability Recognition
Crompton's head office in Mumbai received IGBC Gold Certification, and the company was honored with the Golden Peacock Award for ESG 2026.
15 · Previous-quarter changes
What changed since the previous quarter
Supply chain disruptions that impacted Q1 operations were successfully normalized by Q2 through appropriate inventory scaling.
16 · Key Q&A
The quarter, answered directly
What does Crompton Greaves Consumer Electricals do?
Crompton Greaves Consumer Electricals Limited is one of India's established consumer durables companies, maintaining leadership positions across several categories including ceiling fans and residential pumps.
What is the clearest takeaway from Q2 FY27?
Crompton Greaves Consumer Electricals delivered consolidated revenue of Rs 2,263.29 crore for Q2 FY27, representing a sequential increase of 1.26 percent compared to Q1 FY27 revenue of Rs 2,235.02 crore. On a year-over-year basis, the company highlighted a top-line growth of 18.2 percent in its earnings communications.
What drove revenue or demand?
Revenue growth was substantially anchored by double-digit expansion in general trade, led by strong consumer demand across the South and West regions.
What mattered most for margins or profitability?
Material margins were affected by continued commodity inflation, which was partially mitigated through disciplined, low-single-digit price increases and product mix improvements.
What changed operationally beyond the headline numbers?
The company maintains 7 manufacturing units supporting its wide product portfolio across consumer electricals and appliances.
What is management guiding or targeting from here?
Management reaffirmed its FY29 checkpoints, targeting a revenue CAGR of 13 percent to 14 percent, a smart and connected product mix of approximately 15 percent, a new business share of 14 percent to 15 percent, and an exit EBITDA margin of 11 percent to 12 percent.
17 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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18 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
FY29 Ambition Milestones: Monitor the progression toward FY29 targets, including smart and connected product contribution and exit EBITDA margin expansion.
- 02
Solar Tender Progress: Track the remaining execution of the Andhra Pradesh rooftop solar tender and the broader rollout of B2C solar offerings.
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