Crompton Greaves Consumer Electricals reported a sequential recovery in Q3 FY26, with consolidated revenue reaching Rs.1,898 crores and EBITDA growing 18.5% QoQ to a 10.3% margin. Key highlights included the strategic launch of a residential wires range, a seamless transition through the BEE 2.0 norms in ceiling fans, and solid performance across ECD and Lighting segments. Butterfly also saw profit grow 44% YoY.
Q3 FY26 Performance Snapshot
Crompton Greaves Consumer Electricals held its Q3 FY26 Investor Conference Call on February 06, 2026. The management, led by MD & CEO Mr. Promeet Ghosh, detailed a strong sequential improvement in financial results. Consolidated revenue for the quarter stood at Rs.1,898 crores. EBITDA saw a robust sequential growth of 18.5% QoQ, leading to an expanded EBITDA margin of 10.3%.
Strategic Business Updates
Launch of Residential Wires
The company announced a major strategic step: the launch of a residential wires range. This move aims to significantly increase the addressable market, positioning Crompton to become an end-to-end home solutions player. Products are expected to be available in select markets within the next six to seven weeks. Management confirmed the initial procurement strategy will be outsourced, leveraging existing strong distribution and brand equity.
Seamless BEE 2.0 Transition
A major focus was the successful transition to the BEE 2.0 norms in the ceiling fans category, effective January 1, 2026. Management expressed delight that the world’s number one ceiling fan brand managed this large-scale technology shift smoothly, without hiccups, through careful inventory management and engineering readiness.
Segmental Performance Review
Consumer Durables (ECD) and Lighting
Overall revenue growth for the year-on-year period was about 7%, driven by ECD growth of about 8% and lighting growth of about 7% YoY. ECD performance was bolstered by strong execution in solar pumps, volume growth in LDA, and continued improvement in SDA. Lighting growth was supported by ceiling lights and new product launches. PBT prior to exceptional items was Rs.156 crores, yielding an 8.2% margin.
Butterfly Gandhimathi Appliances
Butterfly delivered steady revenue of Rs.245 crores, a 3% YoY growth. This was led by premiumization in gas stoves and GST-driven demand for cookers, both showing double-digit growth. EBITDA margin expanded by nearly 100 basis points YoY to 8.2%, aided by gross margin improvement and cost optimization. Overall, Butterfly’s net profit grew 44% YoY this quarter.
Market Position and Future Outlook
In water heaters, management noted that the company has moved up to become the number two player by market share in GT (General Trade), ramping up presence significantly over the last couple of quarters.
Regarding margins across the board, management stated they are implementing price increases to defray commodity inflation, with net price increases of about one to one and a half percentage taken in January, and further rounds expected in Q4 and Q1. The overall strategy is defined by expanding Total Addressable Market (TAM) through ‘play-to-win’ categories like wires, solar pumps, and solar rooftops.
Solar Business Update
In solar rooftop, revenues have begun recognizing from the Rs.500 crores order book, primarily through B2B/B2G channels, with about Rs.19 crores executed in the last quarter. Management expects the total order book to be executed over the next 9 to 12 months.
Source: BSE
