Crompton Greaves shares crash 7% despite strong Q1 results

Shares of Crompton Greaves Consumer Electricals fell 7% to the day’s low of Rs 250 on Friday despite the company reporting strong Q1 results. On Thursday, it posted a 15% year-on-year (YoY) jump in profit after tax (PAT), while its revenue grew 11.8% YoY.

According to a filing with the exchange, the revenue grew to Rs 2,235 crore, driven by broad-based performance across all segments and PAT grew at 15.2% YoY to Rs 143 crore with margin of 6.4%.

Also Read | Crompton Greaves Q1 Results: Profit rises 15% to Rs 142 crore, revenue up 11%

The EBITDA was recorded at Rs 224 crore grew ahead of the revenue at 14.2%, driven by pricing interventions, operating leverage, and cost initiatives. The company had posted a net profit of Rs 123.9 crore in the April-June quarter a year ago.

The company’s total expenses were at Rs 2,065.50 crore, up 11.29% in the first quarter of FY'27.

Segment wise performance

ECD: ECD reported revenue growth of 10.6% YoY; driven by robust performance in BLDC fans followed by Pumps and Large Appliances. BLDC fans delivered highest quarterly sales and grew at nearly 44%; launched 5 new fans during the quarter.

EBIT grew at 12.1% YoY, outpacing revenue growth; driven by pricing interventions and operating leverage.

Lighting: Lighting delivered strong double digit revenue growth of 15.4% YoY; EBIT margin at 12.0%. Double-digit growth across B2C and B2B segments, supported by strong traction in Ceiling lights, Commercial lights and Industrial lights. This segment delivered industry leading EBIT margin of 12.0%.

Butterfly: Butterfly delivered double digit revenue growth of 14.1% YoY; EBIT margin at 4.2% grew at 19.5% YoY. This segment saw a robust revenue growth delivered across all channels.

The company rolled out B2C solar rooftop and solar pumps to retail market in select cities in Q1FY27 and wire launch is progressing well – collecting initial feedback from markets entered.

“We delivered a resilient performance during the quarter with disciplined pricing, premiumization and strong execution across channels. While supply tightness impacted near-term revenue, pricing measures and operating leverage ensured margins and cash flows were healthy,” said Promeet Ghosh, MD & CEO.

“We are delighted to share that Butterfly this quarter won Golden Peacock Eco-Innovation Award 2026 for India’s first 5-star rated cooktop “RENZ COOKTOP” reflecting our commitment to innovation that is driven by consumer needs. We remain focused to advance Crompton 2.0 strategic priorities anchored in accelerated premiumization, deeper distribution, and consumer centric differentiated innovation to drive sustained long-term value creation,” Ghosh further said.

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The total consolidated income, which includes CGCEL's other income, was Rs 2,256.81 crore in the June quarter, up 11.6%.

In the last one month, the stock went up 1.57% and in the last one year, it went up 4.59%. In the last three and five years, the stock was up 39.98% and 70.08% respectively.

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