Crompton Greaves Consumer Electricals Limited — Q4FY26 earnings call summary

Filed 19 May 2026 · Official transcript

Price increases of 7-8% taken in fans to offset cost inflation; margin recovery expected as inflation stabilizes
FY26 ECD growth driven by SDA, fans, pumps; market share gains in water heaters and air coolers
EBIT margin improved to ~10% in Q4 from 6.8% in H1FY26 driven by operating leverage, premiumization, pricing
No tax impact from Butterfly impairment; merger plans remain on track
BLDC fan portfolio growing 30%+ with new product launches; SDA kitchen appliances grew ~30% in Q4
Near-term margin pressure from inflation and investments; Rs 100 Cr annual R&D spend ongoing
Lighting business mix shifted from govt to higher-margin B2B and B2C products; margins stable despite higher ad spends
Q4FY26 consolidated revenue grew 11% y-y to Rs 2,283 Cr; ECD up 10%, lighting up 14%