Crompton Greaves Consumer Electricals (CROMPTON) Q3 25/26 earnings summary

Executive summary

• Achieved 7.3% YoY consolidated revenue growth in Q3 FY26, led by ECD and lighting segments, with new residential wires and solar rooftop businesses scaling up.

• EBITDA margin at 10.3%, supported by cost controls and disciplined A&P spend, despite higher commodity costs.

• PBT before exceptional items was INR 156 crore, with an 8.2% margin.

• First quarter of solar rooftop revenue recognized, with a strong order pipeline and INR 500 crore order book.

• Butterfly segment delivered strong momentum, especially in cookers and gas stoves, with margin expansion driven by premiumization and cost optimization.

Financial highlights

• Q3 FY26 consolidated revenue reached INR 1,898.30 crore, up 7.3% YoY; 9M FY26 revenue was INR 5,812.25 crore, flat YoY.

• Q3 FY26 consolidated EBITDA was INR 227.36 crore, margin at 10.3%.

• Q3 FY26 consolidated net profit was INR 101 crore, margin 5.3%, down from INR 111.92 crore YoY due to exceptional items.

• Butterfly segment revenue at INR 245 crore, up 3% YoY; net profit up 44% YoY.

• Basic EPS for Q3 FY26 was 1.53.

Outlook and guidance

• Premiumization, innovation, and disciplined capital allocation to drive future growth, with focus on BLDC fans, smart appliances, and adjacencies like mobile accessories.

• Expect further pricing actions to offset commodity cost inflation and continued margin improvement through cost discipline and product mix.

• Wires business to scale up from select markets to pan-India over time.

• Strong solar rooftop order book to be executed over 9-12 months.