Crompton Greaves Consumer Electricals Limited has announced the launch of two new products in its B2C lighting category. The company introduced the EA4090 Stabilizer and 50W Backup LED Lamps on May 20, 2026, targeting the domestic market.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company clarified that while the product launch did not trigger the threshold of materiality, it was disclosed as a measure of good corporate governance practices.

Product Details

The newly launched products are designed to cater to the domestic B2C lighting segment. The following table provides the specific details of the launch:

Both products are currently available exclusively within India. The company has not specified any plans for an international rollout for these specific items at this time.

Crompton Greaves Consumer Electricals Limited reported a consolidated net loss of ₹230.76 crores for FY26, a sharp reversal from a net profit of ₹564.08 crores in FY25, primarily driven by exceptional items aggregating ₹756.44 crores. The Board of Directors approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, at their meeting held on May 13, 2026. Despite the bottom-line impact, consolidated revenue from operations rose to ₹8,095.52 crores from ₹7,864.08 crores in the previous year. Statutory auditors MSKA & Associates LLP issued an unmodified opinion on both standalone and consolidated financial results.

Consolidated Financial Performance

Profit before exceptional items and tax declined to ₹677.14 crores from ₹756.21 crores in FY25. For Q4 FY26, revenue from operations stood at ₹2,283.27 crores compared to ₹2,060.82 crores in Q4 FY25, while the quarter recorded a net loss of ₹531.07 crores, largely attributable to a ₹716.04 crore impairment charge. Consolidated revenue grew 10.8% year-on-year in Q4 FY26, with EBITDA margin at 11.9% for the quarter. The following table summarises key consolidated financial metrics:

Exceptional Items and Segment Performance

Exceptional items of ₹756.44 crores for FY26 comprised three components across different quarters. In Q4 FY26, the company recognised an impairment of ₹716.04 crores on its investment in material subsidiary Butterfly Gandhimathi Appliances Limited and the associated trademarks acquired on March 30, 2022, based on a valuation performed by an independent valuer in accordance with Ind AS 36 – Impairment of Assets. In Q3 FY26, an incremental liability of ₹20.04 crores was recognised under the New Labour Codes, which became effective from November 21, 2025, following the consolidation of twenty-nine existing labour regulations into four Labour Codes by the Ministry of Labour and Employment. In Q2 FY26, ₹20.36 crores was recognised towards restructuring of the Vadodara plant operations from a lighting facility into a multi-business facility.

On a segment basis, Electric Consumer Durables remained the largest contributor, with the following segment-wise revenue breakdown:

Standalone Results

On a standalone basis, Crompton Greaves Consumer Electricals reported a net loss of ₹243.31 crores for FY26 against a net profit of ₹563.18 crores in FY25. Standalone revenue from operations stood at ₹7,193.23 crores compared to ₹7,028.29 crores in FY25. Standalone profit before exceptional items and tax was ₹663.92 crores versus ₹755.59 crores in FY25. Standalone exceptional items for FY26 aggregated ₹754.85 crores, comprising the ₹716.04 crore Butterfly impairment, ₹18.45 crores under the New Labour Codes, and ₹20.36 crores for the Vadodara plant restructuring. The standalone basic EPS stood at (3.78) for FY26 compared to 8.75 in FY25.

Balance Sheet and Cash Flows

As at March 31, 2026, consolidated total assets stood at ₹6,082.55 crores compared to ₹6,346.14 crores as at March 31, 2025. Total equity declined to ₹3,435.66 crores from ₹3,847.75 crores, reflecting the net loss for the year. Cash and cash equivalents stood at ₹153.18 crores as at March 31, 2026, down from ₹203.68 crores a year earlier. Net cash generated from operating activities was ₹723.49 crores for FY26 versus ₹749.91 crores in FY25, while net cash used in investing activities was ₹174.55 crores and net cash used in financing activities was ₹599.44 crores.

Corporate Developments

The Board recommended a final dividend of ₹3 per equity share of face value ₹2 each, representing 150% of face value, for FY26, subject to member approval at the 12th Annual General Meeting scheduled for Friday, August 07, 2026. The record date for dividend entitlement is Friday, July 24, 2026, with payment on or after August 07, 2026, but within 30 days from the date of the AGM. During the year, the company fully redeemed its listed secured Non-Convertible Debentures aggregating ₹300 crores on July 22, 2025, releasing the charge over the brands "Crompton" and "Crompton Greaves." The Board approved the re-appointment of MSKA & Associates LLP as Statutory Auditors for a second term of five years commencing from the conclusion of the 12th AGM until the conclusion of the 17th AGM, subject to member approval. Additionally, the Board approved the re-appointment of M/s. Ashwin Solanki & Associates as Cost Auditors, M/s. Grant Thornton Bharat LLP as Internal Auditors, and M/s. Sharp & Tannan as Tax Auditors for FY 2026-27. During the year, the company allotted 1,05,712 equity shares of face value ₹2 each upon exercise of vested options under Employee Stock Option Schemes.

Management Commentary and Outlook

Addressing shareholders in an earnings call, management highlighted that FY26 was shaped by muted demand due to unseasonal weather patterns and geopolitical headwinds. However, execution remained steadfast, with performance improving quarter after quarter. Q4 FY26 saw a sharp recovery across segments, with consolidated revenue growing 11% year-on-year to ₹2,283 crores. The Electric Consumer Durables (ECD) segment grew 10%, while Lighting achieved industry-leading growth of 14%, the best in six years outside of COVID-impacted quarters.

Management noted that EBIT margins improved from 6.8% in H1 to exit at about 10% in Q4, driven by operating leverage, premiumization, and pricing actions. The company took price increases of 7% to 8% in lead categories like fans during the year to offset material cost inflation. The Small Domestic Appliances (SDA) business, including mixer grinders and new products like air fryers, delivered strong growth and profitability improvements. The Butterfly business delivered 17% revenue growth with steady EBIT margins and is now net cash positive with approximately ₹170 crores of cash.

Regarding new business verticals, the company reported that its solar pumps business has grown significantly from a base of ₹20 crores three years ago. The solar rooftop business has an order book of approximately ₹500 crores, with around 5,000 homes already executed. The company also announced the launch of 'Crompton Rhion', a new product line for super-premium products, and stated that its wires business, under the brand 'Crompton Armor', is now available in South India with plans for a national rollout.