CROMPTONNSEQ3 FY25February 12, 2025

Crompton Greaves Consumer Electricals Limited

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Key numbers — 40 extracted
rs,
, BSE Limited (“BSE”), Corporate Relationship Department, 2nd Floor, New Trading Ring, P.J. Towers, Dalal Street, Mumbai – 400 001. BSE Scrip Code: 539876 ISIN: INE299U01018 Our Reference: 215/20
Rs. 1,769
nsumer Electricals Ltd. announces its results for Q3 FY25 Steady growth in consolidated revenue (Rs. 1,769 Cr) with strong PAT growth of 31% YoY; ECD segment grew by 6% YoY led by pumps and small domestic
31%
esults for Q3 FY25 Steady growth in consolidated revenue (Rs. 1,769 Cr) with strong PAT growth of 31% YoY; ECD segment grew by 6% YoY led by pumps and small domestic appliances; Lighting segment ma
6%
wth in consolidated revenue (Rs. 1,769 Cr) with strong PAT growth of 31% YoY; ECD segment grew by 6% YoY led by pumps and small domestic appliances; Lighting segment maintains revenue trajectory (3%
3%
6% YoY led by pumps and small domestic appliances; Lighting segment maintains revenue trajectory (3% YoY) amidst price erosion; Green shoots visible in Butterfly Mumbai, 12th February 2025: Crompt
Rs. 1,545
month ended 31st December 2024. Q3 FY25 Financial Performance: • • • • Standalone revenue at Rs. 1,545 Cr, growth of 6% YoY Standalone EBIT at Rs. 150 Cr, growth of 15% YoY EBIT margin increased to 9.7%,
Rs. 150
al Performance: • • • • Standalone revenue at Rs. 1,545 Cr, growth of 6% YoY Standalone EBIT at Rs. 150 Cr, growth of 15% YoY EBIT margin increased to 9.7%, expansion by 70 bps YoY, driven by input cost r
15%
• • Standalone revenue at Rs. 1,545 Cr, growth of 6% YoY Standalone EBIT at Rs. 150 Cr, growth of 15% YoY EBIT margin increased to 9.7%, expansion by 70 bps YoY, driven by input cost reduction, mix imp
9.7%
,545 Cr, growth of 6% YoY Standalone EBIT at Rs. 150 Cr, growth of 15% YoY EBIT margin increased to 9.7%, expansion by 70 bps YoY, driven by input cost reduction, mix improvement and cost optimization mea
70 bps
6% YoY Standalone EBIT at Rs. 150 Cr, growth of 15% YoY EBIT margin increased to 9.7%, expansion by 70 bps YoY, driven by input cost reduction, mix improvement and cost optimization measures Standalone PAT
Rs. 112
Y, driven by input cost reduction, mix improvement and cost optimization measures Standalone PAT at Rs. 112 Cr, growth of 17% YoY Q3 FY25 Segment Performance: ECD growth of 6% YoY led by pumps and applianc
17%
t reduction, mix improvement and cost optimization measures Standalone PAT at Rs. 112 Cr, growth of 17% YoY Q3 FY25 Segment Performance: ECD growth of 6% YoY led by pumps and appliances; EBIT margin a
Guidance — 20 items
Standalone Financials
opening
Cr) Q3 FY25 Q3 FY24 Y-o-Y Q2 FY25 Q-o-Q Revenue Material Margin Material Margin (%) EBITDA EBITDA Margin (%) PAT PAT Margin (%) 1,545 504 32.6% 171 11.1% 112 7.2% 1,458 468 6% 8% 1,645 525 -6% -4% 32.1% +50 bps 31.9% +70 bps 147 16% 180 -5% 10.1% +100 bps 11.0% +10 bps 95 17% 6.5% +70 bps 123 7.5% -9% -30 bps Standalone Financials (Segment): Particulars (Rs.
Standalone Financials
opening
Cr) Q3 FY25 Q3 FY24 Y-o-Y Q2 FY25 Q-o-Q ECD Revenue EBIT EBIT Margin (%) Lighting Revenue EBIT 1,288 1,209 6% 1,393 164 19% 206 -8% -5% 13.6% +160 bps 14.8% +40 bps 249 28 3% 0% 253 27 2% 3% 196 15.2% 257 28 EBIT Margin (%) 10.8% 11.2% -40 bps 10.7% +10 bps
Butterfly Financials
opening
Cr) Q3 FY25 Q3 FY24 Y-o-Y Q2 FY25 Q-o-Q Revenue Material Margin Material Margin (%) EBITDA EBITDA Margin (%) PAT PAT Margin (%) 238 85 238 82 - 4% 258 96 -8% -11% 35.7% 34.3% +140 bps 37.3% -160 bps 17 7.2% 8 3.5% 2 627% 23 -25% 1.0% +620 bps 8.9% -170 bps -2 - 13 -34% -0.9% +440 bps 4.9% -140 bps
Consolidated Financials
opening
Cr) Q3 FY25 Q3 FY24 Y-o-Y Q2 FY25 Q-o-Q Revenue Material Margin Material Margin (%) EBITDA EBITDA Margin (%) PAT PAT Margin (%) 1,769 589 1,693 550 5% 7% 1,896 620 -7% -5% 33.3% 32.5% +80 bps 32.7% +60 bps 188 10.6% 112 6.3% 150 26% 203 -8% 8.8% +180 bps 10.7% -10 bps 85 31% 5.0% +130 bps 128 6.8% -13% -50 bps Press Release About Crompton Greaves Consumer Electrical Ltd.
Investor Relations
opening
Crompton 2.0 Environment Scan Index Q3 & 9M FY25 Performance Financial Statements CSR Initiatives Crompton 2.0 Crompton 2.0 continues to deliver results: Revenue growth remained steady; Margin expansion coupled with robust growth in profits Standalone revenue (Rs.
Investor Relations
opening
Cr) 12% 5,150 4,592 1,458 6% 1,545 9M FY24 9M FY25 Q3 FY24 Q3 FY25 Standalone EBIT (Rs.
Investor Relations
opening
Cr) & EBIT Margin % 417 9.1% 23% 512 9.9% 15% 131 9.0% 150 9.7% 9M FY24 9M FY25 Q3 FY24 Q3 FY25 Standalone PAT (Rs.
Revenue growth trajectory maintained
opening
5,150 Cr o Q3 FY25 Revenue increased 6.0% YoY to Rs.1,545 Cr
Margin expansion continues
opening
o EBIT for 9M FY25 surged by 23% YoY to Rs.
Margin expansion continues
opening
EBIT margin expanded by 80 bps YoY to 9.9% o Q3 FY25 EBIT rose 15% YoY to Rs.150 Cr.
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Risks & concerns — 1 flagged
238 Cr, decline arrested o Revenue stabilizing with sustainable momentum in the E-commerce channel 765 678 o Trade remained flat.
Launched high impact Ad campaigns
Speaking time
Standalone Financials
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Butterfly Financials
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Consolidated Financials
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Investor Relations
1
Revenue growth trajectory maintained
1
Margin expansion continues
1
Launched high impact Ad campaigns
1
Large domestic appliances
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Registered Office
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Company
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Opening remarks
Standalone Financials
Particulars (Rs. Cr) Q3 FY25 Q3 FY24 Y-o-Y Q2 FY25 Q-o-Q Revenue Material Margin Material Margin (%) EBITDA EBITDA Margin (%) PAT PAT Margin (%) 1,545 504 32.6% 171 11.1% 112 7.2% 1,458 468 6% 8% 1,645 525 -6% -4% 32.1% +50 bps 31.9% +70 bps 147 16% 180 -5% 10.1% +100 bps 11.0% +10 bps 95 17% 6.5% +70 bps 123 7.5% -9% -30 bps Standalone Financials (Segment): Particulars (Rs. Cr) Q3 FY25 Q3 FY24 Y-o-Y Q2 FY25 Q-o-Q ECD Revenue EBIT EBIT Margin (%) Lighting Revenue EBIT 1,288 1,209 6% 1,393 164 19% 206 -8% -5% 13.6% +160 bps 14.8% +40 bps 249 28 3% 0% 253 27 2% 3% 196 15.2% 257 28 EBIT Margin (%) 10.8% 11.2% -40 bps 10.7% +10 bps
Butterfly Financials
Particulars (Rs. Cr) Q3 FY25 Q3 FY24 Y-o-Y Q2 FY25 Q-o-Q Revenue Material Margin Material Margin (%) EBITDA EBITDA Margin (%) PAT PAT Margin (%) 238 85 238 82 - 4% 258 96 -8% -11% 35.7% 34.3% +140 bps 37.3% -160 bps 17 7.2% 8 3.5% 2 627% 23 -25% 1.0% +620 bps 8.9% -170 bps -2 - 13 -34% -0.9% +440 bps 4.9% -140 bps
Consolidated Financials
Particulars (Rs. Cr) Q3 FY25 Q3 FY24 Y-o-Y Q2 FY25 Q-o-Q Revenue Material Margin Material Margin (%) EBITDA EBITDA Margin (%) PAT PAT Margin (%) 1,769 589 1,693 550 5% 7% 1,896 620 -7% -5% 33.3% 32.5% +80 bps 32.7% +60 bps 188 10.6% 112 6.3% 150 26% 203 -8% 8.8% +180 bps 10.7% -10 bps 85 31% 5.0% +130 bps 128 6.8% -13% -50 bps Press Release 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. For further queries, please contact:
Investor Relations
Company Chief Investor Relations Officer Tel: +91 22 6167 8499 Email: crompton.investorrelations@crompton.co.in Q3 FY25 Investor Presentation 12th February 2025 Disclaimer This presentation does not constitute an offer from Crompton Greaves Consumer Electricals Ltd. or any of its affiliates (“Crompton”) to any party and the information contained herein will not form the basis of any contract. Neither Crompton nor any of their respective affiliates, shareholders, directors, employees, agents or representatives makes any warranty or representation as to the accuracy or completeness of the information contained herein (including statements of opinion and expectation, whether communicated in written, oral, visual or electronic form) or as to the reasonableness of any assumptions contained herein. In particular, no representation or warranty is given as to the achievement or reasonableness of, any information. Consequently, neither Crompton nor any of their respective affiliates, shareholde
Margin expansion continues
o EBIT for 9M FY25 surged by 23% YoY to Rs. 512 Cr. EBIT margin expanded by 80 bps YoY to 9.9% o Q3 FY25 EBIT rose 15% YoY to Rs.150 Cr. EBIT margin at 9.7%, up 70 bps YoY PAT growth outpaced revenue and EBIT growth: o PAT for 9M FY25 soared by 29% YoY to Rs. 393 Cr. o Q3 FY25 PAT improved by 17% YoY to 9M FY24 9M FY25 Q3 FY24 Q3 FY25 Rs. 112 Cr Note: Standalone Financials; 5 Crompton 2.0 continues to deliver results: Sustaining growth rates across ECD and Lighting segments; Strong margin expansion in ECD; Profitability remains intact even with higher A&P spends in Lighting Q3 FY25 ECD revenue grew by 6% YoY; EBIT rose 19% YoY to 196 Cr. Q3 FY25 lighting revenue grew by 3% YoY to Rs. 257 Cr, demonstrating continued momentum Standalone ECD revenue (Rs. Cr) Standalone lighting revenue (Rs. Cr) 14% 4,407 3,876 6% 1,288 1,209 4% 743 716 3% 257 249 9M FY24 9M FY25 Q3 FY24 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q3 FY25 ECD EBIT (Rs. Cr) & EBIT Margin Lighting EBIT (Rs. Cr) & EBIT Margin 661 15.0% 2
Launched high impact Ad campaigns
o o To establish equity of ‘Energy Efficiency’ for Water Heaters Increased Ad spends towards Lighting, mainly on digital platforms Standalone EBIT at Rs.150 Cr, grew by 15% YoY; EBIT margin at 9.7% expanded by 70 bps YoY driven by calibrated pricing actions and cost optimization initiatives across both ECD and Lighting segments Butterfly performance on track with green shoots visible; Revenue decline arrested and marked significant improvement in EBITDA margins YoY to 7.2%, a surge of 620 bps YoY Achieved DJSI S&P Global ESG global ranking of #4 for consumer durables industry, with a sharp improvement in score to 62 in 2024, well above the industry average of 34. One of the very select few companies included in the reputed S&P Sustainability Yearbook 2025 15 Crompton Segment Performance (Standalone) Revenue 9M FY25 9M FY24 YoY Q3 FY25 Q3 FY24 YoY Q2 FY25 QoQ ECD Lighting EBIT ECD 4,407 3,876 743 716 14% 4% 1,288 1,209 257 249 9M FY25 9M FY24 YoY Q3 FY25 Q3 FY24 661 521 27% 196 164 6% 3
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