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    HomeBusinessCrompton Greaves Consumer Electricals Ltd. Announces its Results for Q1 FY25

    Crompton Greaves Consumer Electricals Ltd. Announces its Results for Q1 FY25

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    Crompton Greaves Consumer Electricals Ltd. (‘Company‘), India’s leading Consumer Durables player, reported its standalone & consolidated financials for the first quarter ended 30th June 2024.

    Highest-ever standalone quarterly revenue at Rs. 1,959 Cr. strong growth of 18% YoY

    Industry leading ECD Revenue growth of 21% YoY

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    EBITDA margin expands even as brand spends stepped-up

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    Q1 FY25 Performance:

    Standalone revenue at Rs. 1,959 Cr, strong growth of 18% YoY driven by ECD

    Standalone EBIT at Rs. 203 Cr, with strong growth of 34% YoY

    EBIT margin increases by 120 bps YoY to 10.4%, with higher brand spends at 4.5% of revenue

    Q1 FY25 Segment performance:
    Industry leading ECD revenue growth of 21% YoY and EBIT margin at 15.0%

    Strong performance across categories

    Seasonal products grew substantially, specifically robust growth in Fans and Air Coolers

    Building healthy pipeline and continue to execute solar pump orders

    Lighting revenue grew at 2% YoY despite continued price erosion and discontinuance of conventional products

    B2B witnessed robust growth led by streetlight and industrial segments

    Secured several large projects such as JSR Infra, KNR NHAI, SMS India Project, MMCH Hospital, Dahod Automotive, amongst others

    Witnessed double-digit increase in volumes in B2C LED battens and ceiling lights

    Butterfly Gandhimathi Appliances Ltd. revenue grew 9% QoQ and declined 17% YoY primarily due to drop in E-commerce. EBITDA margins at 5.1%, improvement in profitability QoQ on account of higher gross margin and cost saving initiatives.

    Commenting on the CGCEL’s performance, Promeet Ghosh, MD & CEO, said, “Led by our Crompton 2.0 strategy, we are pleased to deliver strong results across categories through execution excellence, new product launches and GTM expansion. Specifically, seasonal products such as Fans & Air Coolers grew significantly during the quarter supported by brand investments and operational optimization. We secured several large lighting projects contributing to nation building. Our focus continues on alternate channels with E-commerce delivering a robust revenue for the 4th consecutive quarter.”

    Also read:  These Business Technologies are Helping SMEs Keep Key Operations In-House

    Standalone Financials:

    Particulars (Rs. Cr)

    Q1 FY25

    Q1 FY24

    Y-o-Y

    Q4 FY24

    Q-o-Q

    Revenue

    1,959

    1,657

    18%

    1,797

    9%

    Material Margin

    613

    487

    26%

    576

    6%

    Material Margin (%)

    31.3%

    29.4%

    32.0%

    EBITDA

    222

    166

    34%

    225

    -1%

    EBITDA Margin (%)

    11.4%

    10.0%

    12.5%

    PAT

    158

    115

    37%

    161

    -2%

    PAT Margin (%)

    8.0%

    7.0%

    9.0%

    Standalone Financials (Segment):

    Particulars (Rs. Cr)

    Q1 FY25

    Q1 FY24

    Y-o-Y

    Q4 FY24

    Q-o-Q

    ECD

    Revenue

    1,727

    1,429

    21%

    1,516

    14%

    EBIT

    259

    182

    42%

    253

    2%

    EBIT Margin (%)

    15.0%

    12.7%

    +230 bps

    16.7%

    -170 bps

    Lighting

    Revenue

    233

    228

    2%

    281

    -17%

    EBIT

    21

    27

    -24%

    25

    -17%

    EBIT Margin (%)

    8.9%

    12.0%

    -310 bps

    8.9%

    Butterfly Financials:

    Particulars (Rs. Cr)

    Q1 FY25

    Q1 FY24

    Y-o-Y

    Q4 FY24

    Q-o-Q

    Revenue

    182

    219

    -17%

    166

    9%

    Material Margin

    69

    92

    -25%

    50

    37%

    Material Margin (%)

    37.8%

    42.0%

    30.2%

    EBITDA

    9

    20

    -53%

    -20

    NA

    EBITDA Margin (%)

    5.1%

    9.0%

    -11.9%

    PAT

    3

    15

    -83%

    -20

    NA

    PAT Margin (%)

    1.4%

    6.7%

    -11.9%

    Consolidated Financials:

    Particulars (Rs. Cr)

    Q1 FY25

    Q1 FY24

    Y-o-Y

    Q4 FY24

    Q-o-Q

    Revenue

    2,138

    1,877

    14%

    1,961

    9%

    Material Margin

    682

    579

    18%

    626

    9%

    Material Margin (%)

    31.9%

    30.8%

    31.9%

    EBITDA

    232

    186

    25%

    204

    14%

    EBITDA Margin (%)

    10.9%

    9.9%

    10.4%

    PAT

    152

    122

    25%

    133

    14%

    PAT Margin (%)

    7.1%

    6.5%

    6.8%

    About Crompton Greaves Consumer Electrical Ltd. (CGCEL)

    CGCEL is India’s market leader in Fans, no. 1 player in Residential Pumps and has leading market positions in its other product categories. The Company manufactures and markets a wide spectrum of consumer products – Fans, Lights, Pumps and Appliances including Kitchen Appliances. The Company has strong dealer base across the country and wide service network offering robust after sales service to its customers.

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