Crompton Greaves Q2 Profit Jumps 65% to ₹124 Crore in FY27

Crompton Greaves Consumer Electricals Ltd. reported a 64.9% year-on-year increase in consolidated net profit to ₹124.39 crore for the second quarter of fiscal year 2027, supported by stronger demand across its consumer electricals business. Revenue from operations rose 18.15% to ₹2,263.29 crore for the quarter ended September 30, 2026, compared with ₹1,915.57 crore in the same period last year. The company also recorded higher earnings before interest, taxes, depreciation and amortisation (EBITDA), reflecting sales growth, pricing measures and cost efficiencies.

The results point to broad-based expansion across fans, pumps, household appliances, lighting and Butterfly products. Revenue from the electric consumer durables segment grew nearly 19.4%, while the lighting business recorded double-digit growth. However, the quarterly comparison offers a more nuanced picture: net profit fell approximately 12.8% from the June 2026 quarter. The latest results therefore show strong annual growth, but also highlight the importance of tracking sequential performance, margins and the sustainability of consumer demand.

Key Takeaways

• Net profit: Rose 64.9% year-on-year to ₹124.39 crore from ₹75.42 crore.
• Revenue: Increased 18.15% to ₹2,263.29 crore.
• EBITDA: Grew 24.1% year-on-year to approximately ₹205 crore, with a margin of around 9%.
• Consumer durables: Revenue increased 19.36% to ₹1,634.49 crore.
• Lighting: Revenue rose 14.26% to ₹298.29 crore.
• Butterfly products: Revenue climbed 15.87% to ₹330.51 crore.
• Sequential performance: Net profit declined around 12.8% compared with the June 2026 quarter.
• Management outlook: The company cited three consecutive quarters of strong double-digit growth across segments and market-share gains in key categories.

Crompton Greaves Q2 FY27 Results at a Glance

The September-quarter results show that Crompton increased sales and profit compared with the year-ago period. Revenue growth was accompanied by a larger increase in EBITDA, suggesting that the company benefited from operating efficiencies and pricing actions in addition to higher sales.

Financial metric	Q2 FY27	Q2 FY26	Year-on-year change
Revenue from operations	₹2,263.29 crore	₹1,915.57 crore	+18.15%
Consolidated net profit	₹124.39 crore	₹75.42 crore	+64.9%
EBITDA	Approximately ₹205 crore	Approximately ₹165 crore	+24.1%
EBITDA margin	Approximately 9.0%	Approximately 8.6%	Higher
Total income	₹2,280.84 crore	₹1,928.96 crore	+18.24%
Total expenses	₹2,113.91 crore	₹1,806.40 crore	+17.0%

Figures are based on the company’s reported results and related earnings coverage. Rounded figures may produce small differences in calculated margins.

The gap between revenue and profit growth is significant. Net profit increased faster than revenue, partly because the year-ago quarter included an exceptional charge. The comparison should therefore not be interpreted as evidence that all of the improvement came from recurring operating gains.

The company’s operating performance nevertheless strengthened. EBITDA grew faster than revenue, while the reported EBITDA margin expanded to approximately 9%. Crompton attributed the improvement to disciplined price increases, cost efficiencies and operating leverage.

Consumer Durables Lead Revenue Growth

The electric consumer durables segment remained Crompton’s largest business and the main contributor to quarterly revenue growth. Segment revenue rose 19.36% to ₹1,634.49 crore from ₹1,369.29 crore a year earlier.

The category includes products such as fans, pumps and large and small domestic appliances. These products serve household, commercial and infrastructure-related needs, giving Crompton exposure to multiple sources of demand.

The company said the segment recorded its highest quarterly growth in nine quarters. Fans, conventional pumps, large domestic appliances and small domestic appliances contributed to the increase.

Fans and appliances support demand

Fans remain an important category in India’s consumer electricals market, with demand influenced by replacement purchases, housing activity, seasonal conditions and the adoption of newer product designs. Consumers may also upgrade to products offering improved energy efficiency, quieter operation or additional features.

Pumps serve residential, agricultural and commercial applications. Demand can reflect construction, water-management requirements and replacement cycles, although performance varies across product types and regions.

Large and small domestic appliances provide another source of growth. These categories allow manufacturers to sell a wider range of products to existing customers while competing for shelf space and distribution reach.

Crompton’s results indicate that demand was not limited to one product category. However, the quarterly revenue increase alone does not establish how much came from higher volumes, price increases or changes in product mix. Those factors matter when assessing the durability of growth.

Lighting Business Records Double-Digit Growth

Crompton’s lighting products business reported revenue of ₹298.29 crore, an increase of 14.26% from ₹261.06 crore in the year-ago quarter.

Lighting products include consumer and professional applications, with demand influenced by replacement purchases, new construction, commercial activity and the transition toward energy-efficient products.

LED adoption has changed the market over recent years, but competition remains intense. Manufacturers need to balance product quality, energy performance, distribution and pricing to defend their positions.

Double-digit revenue growth is a positive sign for Crompton’s lighting business, but the longer-term outlook will depend on whether the company can maintain market share while managing input costs and competitive pricing.

Butterfly Products Add to Overall Performance

Revenue from Butterfly products increased 15.87% to ₹330.51 crore, compared with ₹285.22 crore in the corresponding quarter last year.

Butterfly is associated with kitchen and small domestic appliances. Its products complement Crompton’s broader consumer electricals portfolio and provide access to customers looking for appliances used in everyday household activities.

The business can benefit from cross-selling opportunities, distribution networks and shared operational capabilities. However, growth also depends on product innovation, brand positioning and competition from established appliance manufacturers and newer brands.

Crompton’s latest figures show that Butterfly contributed to the broader increase in consolidated revenue. The results do not, by themselves, reveal the business’s standalone profitability or the extent of any integration-related savings.

How Crompton Improved Its Operating Performance

Crompton’s EBITDA increased 24.1% year-on-year to approximately ₹205 crore, faster than the 18.15% growth in revenue. EBITDA is a measure of operating earnings before interest, taxes, depreciation and amortisation. It is often used to assess a company’s underlying operating performance, although it is not equivalent to net profit or cash flow.

The company attributed the stronger EBITDA performance to three factors:

• Pricing discipline: Price increases helped offset inflationary pressure on costs.
• Cost efficiencies: Operational measures supported profitability.
• Operating leverage: Higher sales helped the business spread certain fixed expenses across a larger revenue base.

Operating leverage occurs when revenue grows faster than some fixed operating costs, allowing a greater share of incremental sales to contribute to earnings. It can work in reverse when demand weakens or production and distribution costs rise.

Crompton’s total expenses increased 17% to ₹2,113.91 crore, slightly slower than revenue growth. That difference is consistent with the improvement in operating performance, although expense categories and product mix also influence the outcome.

The company will need to sustain these efficiencies as it expands. Higher raw material costs, competitive discounting or weaker demand could reduce the benefits if selling prices cannot keep pace with expenses.

Why the Year-on-Year and Quarter-on-Quarter Numbers Differ

The 65% year-on-year profit increase is the headline result, but the sequential comparison shows that performance was weaker than in the June quarter.

Net profit declined from ₹142.70 crore in Q1 FY27 to ₹124.39 crore in Q2 FY27, a decrease of approximately 12.8%. Revenue, by contrast, edged up from ₹2,235.02 crore to ₹2,263.29 crore, an increase of about 1.3%.

This difference suggests that the second-quarter profit movement cannot be explained by revenue alone. Margins, operating expenses, other income, depreciation, finance costs and taxes can all affect net profit between quarters.

The comparison also highlights why investors should examine both annual and sequential trends. Year-on-year results show how a business performed against the same seasonal period a year earlier, while quarter-on-quarter comparisons can reveal more recent changes in momentum.

Neither measure tells the complete story in isolation. For Crompton, the next quarters will help establish whether strong annual sales growth can translate into more consistent sequential earnings.

What the Results Mean for Crompton’s Business Outlook

Crompton Managing Director and CEO Promeet Ghosh said the company had delivered its third consecutive quarter of strong double-digit growth across segments, with market-share gains in key categories.

That statement points to the company’s focus on expanding distribution and strengthening its position across consumer electricals. Sustaining growth will depend on demand for replacement products, household spending, construction activity and the company’s ability to compete on quality and price.

Investors will also watch whether revenue growth translates into cash generation. Accounting profit is important, but working-capital requirements, inventory levels, receivables and capital expenditure can affect the cash available to fund operations.

For a consumer electricals manufacturer, inventory management is particularly relevant because demand can fluctuate by season and product category. Excess inventory may require discounts, while shortages can limit sales.

The September-quarter performance provides evidence of stronger revenue and operating earnings, but future results will depend on execution and the wider consumer environment.

The Bigger Picture

Crompton Greaves Consumer Electricals’ Q2 FY27 results show a company delivering strong year-on-year profit growth alongside expansion across its major businesses. Consumer durables led the increase, while lighting and Butterfly products also recorded double-digit revenue growth. Higher EBITDA and an improved margin suggest that pricing discipline and cost efficiencies supported the performance.

However, the 65% profit increase needs to be read alongside the lower sequential profit and the exceptional charge in the year-ago comparison. The next phase will depend on maintaining sales momentum, defending market share and converting revenue growth into sustainable operating earnings and cash flow.

Looking Ahead

Crompton’s upcoming results will be important in determining whether its strong annual growth can continue across fans, pumps, appliances, lighting and Butterfly products. Investors will monitor demand, margins, expenses and working capital to assess the quality of the earnings expansion. Continued market-share gains could support growth, but competitive pricing and cost inflation remain risks.

The company’s ability to maintain operating efficiency will be as important as generating higher sales. If revenue continues to grow faster than costs, profitability may receive further support. If demand softens or expenses accelerate, the benefit could narrow. The latest quarter provides a positive year-on-year signal, while the sequential figures underline the need to watch performance over several quarters.

Frequently Asked Questions

1. What was Crompton Greaves Consumer Electricals’ Q2 FY27 net profit?

The company reported consolidated net profit of ₹124.39 crore for the quarter ended September 30, 2026, up 64.9% from ₹75.42 crore a year earlier.

2. How much did Crompton’s revenue increase?

Revenue from operations rose 18.15% year-on-year to ₹2,263.29 crore.

3. Which business contributed most to revenue growth?

The electric consumer durables segment was the largest contributor, with revenue increasing 19.36% to ₹1,634.49 crore.

4. How did Crompton’s EBITDA perform?

EBITDA rose 24.1% year-on-year to approximately ₹205 crore, with a margin of around 9%.

5. Did profit increase compared with the previous quarter?

No. Net profit declined approximately 12.8% from ₹142.70 crore in Q1 FY27 to ₹124.39 crore in Q2 FY27, despite a small sequential increase in revenue.

6. What should investors watch after these results?

Investors can monitor demand across product categories, market-share trends, EBITDA margins, cost inflation, inventory levels and cash flow to determine whether the growth is sustainable.