Crompton Greaves Consumer Electricals Limited Earnings Summary — Q1 FY2027
Crompton Reports 12% Revenue Growth and Strong Profitability in Q1 FY27
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 2.9% sequentially in Q1 FY2027.
- Revenue of ₹2,022 Cr is 11.2% higher year-on-year.
- Revenue has compounded at 5.4% annualised over the last 10 quarters.
- Net profit of ₹140 Cr is 12.1% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at -6.6% annualised across the period.
- Operating margin stands at 10.3% in Q1 FY2027.
- Operating margin expanded by 52 bps year-on-year.
- Over the last two years operating margin has contracted by 106 bps.
- PBT margin is 9.3%.
- Expense growth of 10.6% remained below revenue growth of 11.2%.
- Operating profit of ₹208 Cr is 17.1% higher year-on-year.
- Operating leverage has been under pressure recently.
- 4 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 58/100 (Healthy) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Stable | 2,022 | 2,083 | 1,659 | 1,632 | 1,819 | 1,879 | 1,545 | 1,645 | 1,959 | 1,797 |
| Expenses | Stable | 1,814 | 1,830 | 1,485 | 1,502 | 1,641 | 1,630 | 1,374 | 1,465 | 1,737 | 1,571 |
| Operating Profit | Accelerating | 208 | 253 | 174 | 130 | 178 | 248 | 171 | 180 | 222 | 225 |
| Operating Margin | Stable | 10.3% | 12.2% | 10.5% | 8.0% | 9.8% | 13.2% | 11.1% | 11.0% | 11.3% | 12.5% |
| Other Income | Volatile | 19 | -703 | -8 | -4 | 22 | 16 | 10 | 16 | 22 | 14 |
| Interest | Accelerating | 10 | 9 | 8 | 5 | 9 | 12 | 9 | 11 | 14 | 14 |
| Depreciation | Improving | 29 | 27 | 26 | 27 | 23 | 23 | 21 | 21 | 20 | 19 |
| Profit Before Tax | Volatile | 189 | -485 | 132 | 94 | 168 | 229 | 151 | 165 | 211 | 206 |
| Tax | Accelerating | 49 | 51 | 34 | 24 | 43 | 59 | 39 | 41 | 53 | 45 |
| Net Profit | Volatile | 140 | -537 | 98 | 70 | 125 | 171 | 112 | 123 | 158 | 161 |
| Net Margin | Volatile | 6.9% | -25.8% | 5.9% | 4.3% | 6.9% | 9.1% | 7.2% | 7.5% | 8.0% | 9.0% |
Key Takeaways
- Consolidated revenue for Q1 FY27 grew 11.8% YoY to ₹2,235.02 crore, driven by performance across core segments.
- Electric Consumer Durables (ECD) segment remains the largest contributor with ₹1,754.14 crore in revenue for the quarter.
- Lighting Products reported revenue of ₹268.81 crore, showing growth over the ₹232.96 crore recorded in the same quarter last year.
- Butterfly Products contributed ₹212.07 crore to the top line, compared to ₹179.17 crore in Q1 FY26.
- Net profit increased to ₹142.70 crore from ₹123.90 crore YoY, reflecting improved operational efficiency despite rising input costs.
- Management noted a robust recovery in fans following the BEE 2.0 regulatory transition and strong traction in the BLDC portfolio.
- The company launched 'Crompton Rhion', a new premium product line focused on cutting-edge technology and design.
- Standalone results mirrored consolidated trends, with standalone net profit at ₹140.32 crore for the quarter.
Management Guidance
Management is focused on margin discipline and premiumization to offset material cost inflation. They aim to leverage their new 'Crompton Rhion' premium brand and expand significantly into Solar Rooftops and Pumps, targeting ₹1,500 crore in solar revenue over the next 3-4 years.
Sentiment Shift
Improving
The company has successfully cleared previous 'table cleaning' exercises, including impairments, and is now seeing double-digit growth in the Butterfly business alongside core ECD expansion.
Outlook
The company maintains a positive outlook supported by the launch of premium product lines and a strong order book in the solar segment (over 5,000 rooftop installations recently executed). Management anticipates further demand recovery in fans and cooling products during seasonal peaks.
From the Annual Report (Key Quotes)
“The Kind of growth that we've reported in lighting, this is the best in the last 6 years outside of COVID impacted quarters.”
“We are very delighted to announce that a new product line has been created in Crompton called 'Crompton Rhion'... tasked with introducing super premium products.”
“We have passed on two price increases into the market... those price increases have been ahead of competition.”
Official Quarterly Documents
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This summary is AI-generated from Crompton Greaves Consumer Electricals Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.
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