Transcript of Earning call

AI summary - Q4FY26 consolidated revenue grew 11% y-y to Rs 2,283 Cr; ECD up 10%, lighting up 14% - EBIT margin improved to ~10% in Q4 from 6.8% in H1FY26 driven by operating leverage, premiumization, pricing - BLDC fan portfolio growing 30%+ with new product launches; SDA kitchen appliances grew ~30% in Q4 - Solar rooftop orders at ~38,000 units; 5,000+ rooftops installed; solar pumps doubled revenue to Rs 200 Cr+ - Lighting business mix shifted from govt to higher-margin B2B and B2C products; margins stable despite higher ad spends - Butterfly business growing double digits with steady EBIT margins and positive cash flow; impairment taken on Butterfly value - New premium product line 'Crompton Rhion' launched focusing on cutting-edge tech and design - Price increases of 7-8% taken in fans to offset cost inflation; margin recovery expected as inflation stabilizes - Wires business launched in South India, national rollout planned leveraging Crompton distribution - FY26 ECD growth driven by SDA, fans, pumps; market share gains in water heaters and air coolers - Near-term margin pressure from inflation and investments; Rs 100 Cr annual R&D spend ongoing - No tax impact from Butterfly impairment; merger plans remain on track - Channel financing and payment collections stable; no major stress seen - Premium segment go-to-market includes EBOs, MBOs, large format retail, e-commerce - Butterfly expanding beyond South India gradually leveraging Crompton's network - Focus on gas stove…