Crompton Greaves Consumer Electricals (CROMPTON) Q4 25/26 earnings summary

Executive summary

• FY26 was marked by challenging external conditions, including muted demand from unseasonal weather and geopolitical headwinds, but execution remained strong with performance improving each quarter and robust second-half results.

• Achieved 10.8% YoY consolidated revenue growth in Q4 FY26, with strong recovery across all segments and robust EBITDA margins at 11.9% despite cost pressures.

• Lighting and kitchen appliances led industry growth, with lighting delivering its highest annual revenue in six years outside COVID quarters.

• Butterfly business posted 17% revenue growth in Q4, with margin expansion and improved product mix, supported by strategic reset and new leadership.

• Audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, were approved, with auditors issuing unmodified opinions.

Financial highlights

• Q4 FY26 consolidated revenue: ₹2,283 Cr (up 10.8% YoY); FY26 revenue: ₹8,096 Cr (up 2.9% YoY).

• Q4 EBITDA margin: 11.9%; Q4 EBIT margin: 9.9%.

• PAT (excluding exceptional items) for Q4: ₹172 Cr; for FY26: ₹502 Cr.

• Consolidated net loss for FY26 was ₹230.76 crore, mainly due to a ₹716 Cr impairment charge for Butterfly Gandhimathi and other exceptional items.

• Net cash from operating activities (consolidated) for FY26: ₹723.49 crore.

Outlook and guidance

• Management expects continued robust growth in new segments like solar and wires, with a solar business aspiration of INR 2,000 crores in the next 3-4 years.

• Margin trajectory is expected to improve as input cost turbulence subsides, with ongoing investments in R&D and brand building already factored into current margins.

• Board recommended a dividend of ₹3 per share for FY26, reflecting continued shareholder returns despite the net loss.

• Focus will shift to expanding Butterfly’s presence in non-south markets, leveraging Crompton’s distribution and service network.