Crompton Greaves Consumer Electricals Q2 FY27 results: net profit up 64.9% to ₹124.39 crore, revenue up 18.2%

How did Crompton Greaves Consumer Electricals perform in Q2 FY27?

Crompton Greaves Consumer Electricals reported consolidated revenue of ₹2,263 crore for Q2 FY27, up 18.2% from ₹1,916 crore in Q2 FY26 and 1.3% from ₹2,235 crore in Q1 FY27. EBITDA rose 29.2% year on year to ₹204.63 crore but fell 8.8% from ₹224.45 crore in the previous quarter. The EBITDA margin increased 0.7 percentage points to 9.0% from Q2 FY26, while it declined 1.0 percentage point from Q1 FY27.

Net profit rose 64.9% to ₹124.39 crore from ₹75.42 crore in Q2 FY26, but fell 12.8% from ₹142.70 crore in Q1 FY27. Profit attributable to owners was ₹119.34 crore, while basic EPS was ₹1.85, compared with ₹1.11 in the year-ago quarter and ₹2.18 in the previous quarter. On the standalone basis, revenue was ₹1,932.27 crore, up 18.4%, and profit after tax was ₹110.04 crore against profit before tax of ₹70.1 crore.

What changed in Crompton Greaves Consumer Electricals' costs and profit?

Total expenses increased 17.0% year on year to ₹2,114 crore, but remained below the 18.2% rise in revenue. Cost of materials fell 23.3% to ₹327.41 crore from ₹426.70 crore, while employee cost rose 12.8% to ₹186.48 crore. Other expenses increased 0.5% to ₹282.83 crore, finance costs increased 87.8% to ₹9.69 crore and depreciation rose 3.5% to ₹45.56 crore.

Other income increased 31.1% to ₹17.55 crore from ₹13.39 crore. Q2 FY26 included an exceptional charge of ₹20.36 crore, while Q2 FY27 had no exceptional item. Tax expense rose 58.8% to ₹42.54 crore from ₹26.78 crore, and the net profit margin increased 1.6 percentage points to 5.5% from 3.9%.

How did the first half of FY27 go?

In H1 FY27, consolidated revenue rose 14.9% to ₹4,498.31 crore from ₹3,913.95 crore in H1 FY26, while total income increased 14.8% to ₹4,537.65 crore. Profit before tax rose 33.5% to ₹358.24 crore and net profit increased 34.0% to ₹267.09 crore.

Basic EPS for the first half increased 34.7% to ₹4.04 from ₹3.00 in H1 FY26. The company reported a debt-free consolidated balance sheet, with no borrowings at 30 September 2026.

What do the balance sheet and cash flow show?

At 30 September 2026, consolidated total assets were ₹6,003.3 crore, compared with ₹6,082.55 crore on 31 March 2026. Total equity increased to ₹3,509.58 crore from ₹3,435.66 crore, while borrowings remained nil. Cash fell to ₹22.95 crore from ₹153.18 crore, inventories rose to ₹1,069.63 crore from ₹744.18 crore, and trade receivables increased to ₹1,188.37 crore from ₹1,084.64 crore. Trade payables declined to ₹1,732.93 crore from ₹1,849.66 crore.

H1 FY27 operating cash flow was negative ₹237.1 crore, compared with positive ₹43.76 crore in H1 FY26. Investing cash inflow was ₹344.83 crore, compared with ₹323.98 crore, while financing cash flow was negative ₹237.96 crore against negative ₹545.25 crore. Capital expenditure was ₹35.57 crore in H1 FY27, compared with ₹41.46 crore in H1 FY26.

How has Crompton Greaves Consumer Electricals done over the last 8 quarters?

Revenue has increased year on year in each of the last five quarters. It reached its highest level in the available series at ₹2,283.27 crore in Q4 FY26, before easing to ₹2,235.02 crore in Q1 FY27 and rising to ₹2,263.29 crore in Q2 FY27. The EBITDA margin peaked at 12.8% in Q4 FY25, fell to 8.3% in Q2 FY26, and stood at 9.0% in Q2 FY27.

Net profit reached ₹171.75 crore in Q4 FY25 and was lowest in Q4 FY26, when the company reported a net loss of ₹531.07 crore. It recovered to ₹142.7 crore in Q1 FY27 before easing to ₹124.39 crore in Q2 FY27. Profit has increased year on year for the last two quarters.

Which businesses drove the quarter?

Electric Consumer Durables reported Q2 FY27 revenue of ₹1,634.49 crore, up 19.2% from ₹1,371.16 crore in Q2 FY26. Segment EBIT increased to ₹189.48 crore from ₹144.95 crore, with an EBIT margin of 11.6%.

Lighting Products recorded revenue of ₹298.29 crore, up 14.3% from ₹261.06 crore, while EBIT fell to ₹38.53 crore from ₹40.54 crore. The EBIT margin was 12.9%. Butterfly Products reported revenue of ₹330.51 crore, up 16.6% from ₹283.35 crore, and EBIT of ₹24.58 crore against ₹22.07 crore, with a 7.4% EBIT margin.

What else did the company announce?

The board approved the unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026 on 16 October 2026. It appointed Aruna Arulsingh as Head – Legal and Company Secretary with effect from 16 October 2026 and as Compliance Officer from 17 October 2026. Dipalok Choudhary was appointed Head – Internal Audit and Risk Assurance from 16 October 2026.

The company also filed that Compliance Officer Yesha Gandani resigned for personal reasons and was relieved from her duties at the close of business on 16 October 2026. Nikhil Thakkar transitioned to a new in-house role from 16 October 2026, changing the internal reporting structure; the filing said this did not represent a cessation of employment. The same-day investor presentation reported revenue growth of 18% and PAT growth of 65%. No dividend or fund-raising announcement was included in the supplied filings.

What did Crompton Greaves Consumer Electricals' management say?

Management maintained its prior medium-term guidance and expected continued double-digit revenue and profit growth in H2 FY27 and over the medium term. New businesses are expected to contribute 14–15% of revenue in the long run, while the FY29 EBITDA-margin ambition remains 11–12%. The company reiterated an ambition to grow the fans business at 1.5x–1.7x category growth.

Management said about 80% of raw-material inflation had been passed through and that further price increases remained possible. It aimed to keep FY27 A&P spending broadly similar to the prior year against a historical annual run rate of about Rs 250–260 crore. The Andhra Pradesh solar-rooftop order was expected to finish next quarter, with some spillover thereafter.

Management said LKA and Rhion restructuring should materially reduce the cost structure and move the businesses toward profitability. It also said exports grew more than 70% to a record as Greenfield manufacturing plans advanced. The main risks identified on the call were commodity inflation, geopolitical unpredictability, subdued e-commerce growth, soft solar-pump inflows, lighting B2B profitability and the restructuring of LKA and Rhion.

How did Crompton Greaves Consumer Electricals shares react?

The stock initially traded higher after the filing, rising 3.2% after five minutes, 2.0% after 15 minutes and 1.5% after 30 minutes. It closed the reaction day unchanged from its pre-results close. By the next day’s close, it was down 3.3% from that close, and the cumulative decline was 10.0% after five sessions.

The Household Appliances industry median fell 0.7% on the reaction day, 1.8% by the next day and 6.3% after five sessions. Crompton therefore moved 0.7 percentage points ahead of the industry on the reaction day but trailed it by 1.5 percentage points after one session and 3.7 percentage points after five sessions. Earlier reaction-day moves were 7.7% lower on 6 August 2026 and 1.6% higher on 13 May 2026.

How did other Household Appliances companies do?

Eleven other Household Appliances companies had filed for the quarter by 4 November 2026. Their median revenue growth was 15.1%, while Crompton Greaves Consumer Electricals recorded revenue growth of 18.2%. Six peers grew more slowly than the company and five grew faster.

Seven of the 11 peers reported higher profit, based on a comparison covering all 11 companies. Crompton Greaves Consumer Electricals recorded a 64.9% year-on-year increase in net profit for Q2 FY27.