Crompton Greaves Consumer Electricals Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Crompton Greaves Consumer Electricals reported weak Q1 FY26 results with consolidated revenue from operations declining ~6.5% YoY to ₹1,998.34 crores (vs ₹2,137.69 crores in Q1 FY25). Net profit fell ~18.7% to ₹123.90 crores, and EPS dropped to ₹1.90 from ₹2.36. Operating margin compressed sharply to 9.59% from 10.87% YoY, reflecting continued weakness in the core Electric Consumer Durables segment, where revenue fell from ₹1,726.62 cr to ₹1,586.25 cr and segment profit declined from ₹258.66 cr to ₹211.63 cr. Lighting and Butterfly segments showed modest improvement. The Board also approved alteration of the Object Clause of the MoA to expand the company's business scope into new product categories including water purifiers, air purifiers, wearables, smart devices, and renewable/solar energy solutions, subject to shareholder approval via postal ballot. The company also repaid ₹300 crores of secured non-convertible debentures on 22nd July 2025.
A soft quarter with double-digit profit decline and margin compression is likely to weigh on the stock in the near term, as the core ECD segment continues to face demand headwinds. The MoA amendment signals strategic diversification into higher-growth categories like renewables and connected devices, but execution risks remain and the postal ballot outcome is pending.