Crompton Greaves Consumer Electricals (CROMPTON) Q4 25/26 earnings summary

Executive summary

• FY26 was marked by challenging external conditions, including unseasonal weather and geopolitical headwinds, but execution remained strong with performance improving each quarter and robust second-half results.

• Q4 FY26 achieved 10.8%–11% YoY consolidated revenue growth, led by strong recovery in lighting, ECD, and Butterfly, with robust EBITDA margins at 11.9% despite cost pressures.

• Butterfly business posted 17% revenue growth in Q4, with margin expansion, improved product mix, and strategic reset actions including new leadership and product launches.

• New product launches and segment entries, including wires, solar rooftops, and the super-premium Crompton Reon line, contributed to growth.

• Audited standalone and consolidated financial results for FY26 were approved, with auditors issuing unmodified opinions.

Financial highlights

• Q4 FY26 consolidated revenue was ₹2,283 Cr (up 10.8% YoY); FY26 revenue reached ₹8,096 Cr (up 2.9% YoY).

• Q4 EBITDA margin was 11.9%; Q4 EBIT margin 9.9%–10%.

• PAT (excluding exceptional items) for Q4 was ₹172 Cr; for FY26, ₹502 Cr.

• Consolidated net loss for FY26 was ₹230.76 crore, mainly due to a ₹716 Cr impairment charge for Butterfly Gandhimathi.

• Dividend of ₹3 per equity share (150% of face value) recommended for FY26, subject to AGM approval.

Outlook and guidance

• Management expects continued robust growth in new segments like solar and wires, targeting a ₹2,000 crore solar business in the next 3–4 years.

• Margin improvement is expected as input cost turbulence subsides, with ongoing investments in R&D and brand building already factored into current margins.

• Strong exit momentum in Q4, with ongoing heatwaves and premiumization expected to support future performance.

• Board recommended a dividend of ₹3 per share for FY26, reflecting continued shareholder returns despite the net loss.