Crompton Greaves Consumer Electricals Limited (CGCEL) is amongst India's leading consumer electrical companies, present in the Electrical Consumer Durables (ECD) and Lighting segments. It is an independent company under professional management and has 2 business segments – Lighting and Electrical Consumer Durables. We market our products under the "Crompton" brand name in India and select export markets.
The company operates through a comprehensive portfolio of consumer electrical products designed to meet the evolving needs of Indian households. Crompton Greaves Consumer Electricals Ltd (CGCEL) was incorporated in 1937 and is a part of the Avantha Group (historically). The Company's manufacturing locations include Goa, Vadodara, Ahmednagar, and Baddi.
It offers fans, including ceiling, table, pedestal, wall-mounted, ventilating, kitchen tower, exhaust, and industrial fans; pumps comprising residential, agricultural, solar, and specialty pumps; and home appliances, such as air coolers, smart plugs; oil filled, heat, halogen, quartz, and ceramic heaters; personal, tower, window, and desert coolers; storage, instant, immersion rods, and gas water heaters; room heaters; fabric care; dry and steam irons; and OTG, air fryer, induction cooktop, rice cooker, sandwich maker, pop-up toaster, and electric kettle products.
The company provides cooking; brewing; chimneys; food preparation; hobs; free standing and built-in dishwashers; build-in microwaves and ovens; and built-in and tablet hobs. The ECD segment represents the company's core strength, particularly in the fans and pumps categories where it holds significant market positions.
In addition, the company provides lighting products comprising LED bulbs and battens; night, color, candle, backup, and high wattage lamps; table lamps; ceiling lights; and conventional lamps. This segment focuses on both residential and commercial lighting solutions, with an emphasis on energy-efficient LED technology.
Crompton Greaves Consumer Electricals Ltd has a market capitalization of ₹22,860 Crore. The Crompton Greaves Consumer Electricals Ltd's 52-week high share price is ₹483.65 and 52-week low share price is ₹303.00. As per Value Research classification, it is a Mid Cap company.
#### Q4 FY25 Performance
The leading consumer electricals company saw its consolidated net profit climb by approximately 23% year-on-year (YoY), reaching ₹169.5 Crore compared to ₹138.4 Crore in the corresponding period last year. Revenue from operations also registered a 5.1% YoY increase, rising to ₹2,060.6 Crore from ₹1,961 Crore in Q4 FY24.
Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) jumped nearly 30% to ₹264.4 Crore from ₹203.6 Crore in the year-ago quarter. Consequently, the EBITDA margin expanded to 12.8% from 10.4%, indicating improved operational efficiency.
#### Full Year FY25 Performance
For the full year FY25, the company's standalone revenue rose 10% YoY to ₹7,028 Crore. It achieved its highest-ever standalone EBITDA of ₹819 Crore, reflecting operational efficiencies and product mix improvement.
Key Financial Metrics (as of latest available data):
- Revenue FY25: ₹7,028 Crore (standalone)
- Net Profit Q4 FY25: ₹169.5 Crore
- EBITDA Q4 FY25: ₹264.4 Crore
- EBITDA Margin Q4 FY25: 12.8%
The company's board has recommended a dividend of ₹3 per equity share of ₹2 each (fully paid-up) for the financial year ended March 31, 2025. Current dividend yield is 0.85%.
The company is revamping itself since June 2023. In Crompton 2.0, the company is targeting:
1. Premiumization
2. GTM (Go-to-Market) excellence
3. Brand Investments
4. Innovation
This strategic transformation focuses on enhancing the company's competitive position through premium product offerings and improved market reach.
The company has also adopted a 'platform-first approach', launching in-house BLDC and induction platforms, Nucleus and X-Tech. This technological advancement demonstrates the company's commitment to innovation and energy efficiency in its product portfolio.
Strategic investments in a new greenfield manufacturing facility and a focus on innovative product development, particularly in the solar pumps and rooftop markets, underscore a commitment to long-term growth and sustainability. The quarter's growth was propelled by "robust demand" in solar pumps and appliances, particularly mixer grinders and air coolers.
The Electrical Consumer Durables (ECD) segment saw a 6% YoY growth in Q4 FY25, primarily driven by pumps and appliances. For the full fiscal year FY25, the ECD segment posted an 11% YoY revenue increase, also supported by growth in pumps and appliances.
The lighting segment reported revenue of ₹276 Crore in Q4. Despite ongoing price erosion and higher advertising/promotional expenses, the EBIT margin in this segment expanded significantly by 700 basis points YoY to 15.9%. While the lighting segment is stabilizing with improved margins, the management remains optimistic about future opportunities driven by a strong innovation pipeline and enhanced consumer engagement.
The company continues to expand its product portfolio with strategic launches. Crompton Greaves Consumer Electricals has launched a B2C lighting product - AC Capacitor CapMaxx 2.5MFD today, i.e., June 27, 2025. Additionally, the company has secured significant contracts in the solar segment, with the order falling under Component-B of the PM-KUSUM scheme, a government initiative aimed at promoting solar energy in the agricultural sector. The scope of the turnkey project includes the design, manufacture, supply, transportation, installation, testing, and commissioning of the solar water pumps across Maharashtra.
87.88% of analysts recommend a 'BUY' rating for Crompton Greaves Consumer Electricals Ltd. The company's strategic focus on premiumization, innovation, and sustainability positions it well for future growth despite facing market challenges in certain segments.
With its strong brand presence, diversified product portfolio, and ongoing transformation initiatives, Crompton Greaves Consumer Electricals continues to be a significant player in India's consumer electrical appliances market, serving millions of households across the country.
