Q2 2026 Crompton Greaves Consumer Electricals Ltd Earnings Call Transcript
Key Points
- Crompton Greaves Consumer Electricals Ltd (BOM:539876) has been certified by Euromonitor International as the world's number one ceiling fan company, reinforcing its leadership position globally.
- The company has made significant strides in its solar business, securing substantial orders in solar rooftops and solar pumps, positioning itself well in the retail solar market.
- Crompton's solar pumps business has rapidly gained market share, achieving a national share of 6% to 8% within two years, with a growth rate of over 100% year-on-year.
- The company's kitchen appliance business, including Butterfly, has shown strong performance with double-digit growth, making it the second-largest kitchen business in the country.
- Crompton's lighting segment demonstrated robust performance with a 3.1% year-on-year growth in revenue and a 50% increase in EBIT, with margins expanding by 4.8%.
- The company faced a sharp drop in margins in the ECD segment due to adverse market conditions and commodity price increases, particularly affecting the TPW and LDA businesses.
- Unfavorable weather conditions led to inventory buildup across channels, impacting sales and margins in multiple product categories.
- Crompton has incurred significant transformation expenses, including a 20 crore restructuring cost for its Baroda operations, impacting short-term profitability.
- The company is experiencing competitive pressures in certain segments, which have affected its ability to maintain margins.
- There is uncertainty regarding the recovery of margins in the ECD segment, with no specific guidance provided on when margins will return to previous levels.
Hi, everyone. On behalf of Kotak Securities, we welcome you all to Q2FY 26 earnings conference call of Crompton Greave Consumer Electricals Limited.
We have with us today the management represented by Mr. Pramit Ghosh, Managing Director and Chief Executive Officer, Mr. Kaliswaran Arunachallam, Chief Financial Officer, Ms. Shweta Sagar, Chief Business Officer, Butterfly Gandhi Mati Appliances Limited. Mr. Rajat Chopra, Business unit head Home Electricals and pumps, Mr. Shaleen Nayakk, Business unit head, lighting and solar rooftops, and Ms. Natasha Kedia, head of investor relations and corporate communications. Now I hand over the call to management for their opening remarks and oppose that we'll open the floor for Q&A. Thanks, sir, and over to you.
Good evening, everyone. Welcome to the earnings call for Q2 of Crompton.
And, to begin with, I want to thank, Kotak for hosting this call. And as you already know, Kalish, Shaleen,
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
