Crompton Greaves Consumer Electricals (CROMPTON) Q4 23/24 earnings summary

Executive summary

• FY24 consolidated revenue rose 6.4% YoY to ₹7,312.81 crore; PAT fell to ₹441.78 crore from ₹476.40 crore, while EBITDA was ₹713.69 crore.

• Crompton 2.0 prioritised topline growth through brand investment, innovation, premiumisation, distribution and operational improvements.

• ECD grew 13% YoY, led by fans, pumps and appliances; lighting faced price erosion and competition in B2C, offset partly by B2B improvement.

Financial highlights

• Consolidated revenue from operations was ₹7,312.81 crore versus ₹6,869.61 crore; total income was ₹7,380.20 crore versus ₹6,936.39 crore.

• Consolidated PBT was ₹573.07 crore versus ₹612.15 crore; PAT was ₹441.78 crore versus ₹476.40 crore, including ₹439.92 crore attributable to owners.

• EBITDA was ₹713.69 crore and operating cash flow was ₹843.41 crore; cash and cash equivalents closed at ₹172.06 crore versus ₹76.84 crore.

• Advertising and sales promotion expense increased to ₹297.19 crore from ₹206.48 crore, reflecting higher brand investment.

Outlook and guidance

• FY25 priorities include faster topline growth and absolute profit growth, with continued spending on brand, innovation and people while maintaining healthy margins.

• ECD plans focus on premium fans, rural and underpenetrated markets, solar pumps, appliance portfolio expansion and alternate channels; lighting plans target wider B2C reach and infrastructure projects in B2B.

• India’s ECD industry is forecast to grow 7–9% in 2024, supported by rural electrification, real estate, energy-efficiency standards and product replacement demand.

• Government infrastructure outlay was budgeted at ₹11.11 lakh crore for FY25, supporting potential B2B lighting and solar-pump demand.