CROMPTON · Consumer Durables
Crompton Greaves Consumer Electricals Ltd. reported revenue of ₹1,932 cr for July to September 2026, +18.4% on the year and −4.5% on the quarter. That is faster than this quarter has grown in recent years (+5.3% on average), so the year-on-year number is not just the season. Over the last four quarters revenue comes to ₹7,696 cr, +12.0% on the four before.
Operating profit (EBITDA) was ₹172 cr, a margin of 8.9%, +94 bps on the year and −138 bps on the quarter. Over the last 8 quarters the margin has ranged from 8.0% to 13.2%, averaging 10.5%. Operating costs grew +17.2% against revenue growth of +18.4%, so more of each rupee of sales reached operating profit.
Net profit was ₹110 cr, +57.1% on the year and −21.4% on the quarter, with earnings per share of ₹1.71. Profit before other income, one-offs and tax grew 34.7%, so 22 points of the headline growth came from outside the core business. The tax rate of 26% is in line with its recent average. Profit over the last four quarters totals −₹189 cr, −139.5% on the four before.
Of the 17 companies in Consumer discretionary and retail that have reported Q2 FY27 so far, Crompton Greaves Consumer Electricals Ltd. ranks 7th on revenue growth; the sector median is +16.4%. Its margin moved +94 bps on the year against a sector median of +73 bps.
Retail growth comes from new stores and from sales at existing stores; the statements show the total, the filing shows how much each contributed. The quarterly statements do not carry same-store sales, stores added and revenue per square foot; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
Headline profit grew much faster than core profit. What made up the difference?
Source: Quarterly statements
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,458 cr | ₹1,797 cr | ₹1,959 cr | ₹1,645 cr | ₹1,545 cr | ₹1,878 cr | ₹1,819 cr | ₹1,632 cr | ₹1,659 cr | ₹2,083 cr | ₹2,022 cr | ₹1,932 cr |
| YoY | — | — | +18% | +11% | +6% | +5% | −7% | −1% | +7% | +11% | +11% | +18% |
| EBITDA margin | 10.1% | 12.5% | 11.3% | 10.9% | 11.1% | 13.2% | 9.8% | 8.0% | 10.5% | 12.1% | 10.3% | 8.9% |
| Other income, % of PBT | 12% | 7% | 10% | 10% | 7% | 7% | 13% | −4% | −6% | — | 10% | 11% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 24% | 22% | 25% | 25% | 26% | 26% | 25% | 25% | 26% | — | 26% | 26% |
| Net profit | ₹95.0 cr | ₹161 cr | ₹158 cr | ₹123 cr | ₹112 cr | ₹171 cr | ₹125 cr | ₹70.0 cr | ₹98.0 cr | −₹537 cr | ₹140 cr | ₹110 cr |
| YoY | — | — | +37% | +29% | +18% | +6% | −21% | −43% | −13% | −414% | +12% | +57% |
| Core profit YoY | — | — | +43% | +28% | +27% | +11% | −23% | −34% | −1% | +2% | +16% | +35% |
| EPS | ₹1.49 | ₹2.50 | ₹2.45 | ₹1.92 | ₹1.74 | ₹2.65 | ₹1.94 | ₹1.09 | ₹1.53 | −₹8.34 | ₹2.18 | ₹1.71 |
| Flags | · | · | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 1 | ✓ | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Crompton Greaves Consumer Electricals Ltd. reported revenue of ₹1,932 cr (+18.4% on the year) and net profit of ₹110 cr (+57.1% on the year) for July to September 2026.
Profit before other income, exceptional items and tax moved +34.7% on the year, against +57.1% for reported profit.
1 check raised a question: Headline profit grew much faster than core profit. What made up the difference?
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