Crompton Greaves Consumer Electricals Limited reported a 65.1% YoY increase in consolidated net profit to ₹125 crore for the quarter ended September 30, 2026. This sharp rise in bottom line significantly outpaced the 18.2% YoY growth in consolidated revenue, which reached ₹2,263 crore.

The company attributed the performance to strong double-digit growth across all business segments, marking the third consecutive quarter of such momentum. EBITDA rose 24.1% YoY to ₹205 crore, with margins expanding by 40 bps to 9.0%. The profit growth was supported by disciplined pricing, cost efficiencies, and operating leverage despite inflationary pressures.

Segment performance highlights

The Electrical Consumer Durable (ECD) segment accelerated its growth trajectory, recording a 19.2% YoY rise in revenue to ₹1,634 crore. This represented the highest quarterly growth for the segment in the last nine quarters, driven by robust demand in fans, conventional pumps, and new categories like BLDC fans and solar water heaters. The Lighting business maintained healthy double-digit growth at 14.3% YoY, reaching ₹298 crore, although its EBIT margin contracted by 260 bps to 12.9% due to pre-contracted B2B orders.

Butterfly, the kitchen appliances arm, delivered steady performance with revenue growing 13.1% YoY to ₹331 crore. Its EBITDA remained flat at 9.5% margin, reflecting the impact of commodity inflation partly offset by pricing interventions. The segment gained market share in pressure cookers and mixer grinders, aided by strong channel performance in large-format retail and trade.

Consolidated financial metrics

What the numbers show

A divergence between revenue and profit growth highlights improving operational efficiency. While consolidated revenue grew by 18.2%, net profit surged by 65.1%. This disproportionate expansion suggests that incremental revenues are translating into higher margins, likely due to the operating leverage mentioned by management and better product mix in high-margin categories like fans and pumps. Additionally, the ECD segment's EBIT margin improved by 100 bps to 11.6%, indicating that volume growth is being accompanied by effective cost control or premiumization strategies.

Promet Ghosh, MD & CEO, noted that the results reflect the impact of the "Crompton 2.0" strategy, with focused investments in brand building and consumer-centric innovation yielding results. The company also unveiled a refreshed brand identity during the quarter, aiming to strengthen consumer connect and category differentiation.

Crompton Greaves Consumer Electricals Limited accepted the resignation of Yesha Gandani as Compliance Officer on October 16, 2026. The departure is due to personal reasons, with her cessation effective from the close of business hours on the same date.

The company filed the disclosure with BSE and NSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Gandani was designated as Senior Management Personnel (SMP). The resignation letter and requisite disclosures were enclosed with the filing.

Resignation details

The internal communication trail indicates that Promeet Ghosh approved the resignation via email on the morning of October 16, 2026. Kaleeswaran Arunachalam, Chief Financial Officer, signed the official disclosure to the stock exchanges.