Crompton Q2 Net Profit Rises to ₹120 Crore as Revenue Reaches ₹2,260 Crore

Market snapshot: Crompton Greaves Consumer Electricals reported its Q2 financial results, delivering a consolidated net profit of ₹120 crore compared to ₹71.2 crore in the corresponding prior-year period. Total revenue from operations expanded to ₹2,260 crore, while operating EBITDA margin strengthened to 9.1%.

Data Snapshot

• Consolidated Net Profit rose to ₹120 crore compared to ₹71.2 crore in the same period last year, ahead of the estimate of ₹116 crore.
• Consolidated Revenue from operations reached ₹2,260 crore, up from ₹1,916 crore YoY.
• Operating EBITDA increased to ₹200 crore from ₹158 crore in Q2 last year.
• Operating EBITDA Margin expanded to 9.1% versus 8.27% YoY.

What's Changed

• Net profit increased to ₹120 crore vs ₹71.2 crore YoY.
• Revenue rose to ₹2,260 crore vs ₹1,916 crore YoY.
• EBITDA margin expanded by 83 bps YoY to 9.1% from 8.27%.

Key Takeaways

• Top-line revenue grew by ≈17.95% YoY (derived: ₹2,260 cr vs ₹1,916 cr), reflecting sustained demand across core consumer electrical product categories.
• Consolidated net profit surpassed consensus expectations of ₹116 crore, coming in at ₹120 crore.
• Operational efficiencies contributed to EBITDA expanding to ₹200 crore from ₹158 crore YoY.

SAHI Perspective

Crompton's Q2 results highlight healthy revenue conversion and cost management, driving an expansion in EBITDA margin to 9.1%. The ability to outpace bottom-line consensus estimates demonstrates operational resilience within the consumer durables landscape.

Market Implications

The beat on profitability estimates and margin expansion provide strong fundamental backing for the stock, reinforcing positive sentiment within the Fast-Moving Electrical Goods (FMEG) and electrical appliances sector.

Trading Signals

Market Bias: Bullish

Strong Q2 performance characterized by top-line revenue growth of ₹2,260 crore vs ₹1,916 crore YoY and net profit of ₹120 crore beating the ₹116 crore consensus estimate.

Overweight: Consumer Durables, Fast-Moving Electrical Goods (FMEG)

Trigger Factors:

• Sustained operating margin expansion above 9%
• Festive season demand momentum in consumer appliances
• Input raw material price stability

Time Horizon: Near-term (0-3 months)

Industry Context

The consumer durables and appliances segment continues to benefit from steady replacement demand and urban uptake. Operational leverage remains key as key market players focus on premiumization and product innovation.

Key Risks to Watch

• Fluctuations in raw material costs impacting margin sustainability.
• Competitive intensity in core categories such as fans and lighting.

Recent Developments

Crompton received the Golden Peacock Award for ESG for 2026 from the Institute of Directors, India in October 2026.

Closing Insight

Crompton's combination of revenue acceleration and margin gains positioning it constructively within the electrical consumer durables market heading into the festive demand cycle.

High Performance Trading with SAHI.