Q4 2024 Crompton Greaves Consumer Electricals Ltd Earnings Call Transcript
Key Points
- Crompton Greaves Consumer Electricals Ltd (BOM:539876) reported a 14% growth in its ECD business, showcasing strong performance across various segments.
- The company's EBITDA margin improved from roughly 10% in the last three quarters to 12.5%, indicating better profitability.
- Fans segment reported the highest quarterly sales with a 13% year-over-year growth, while pumps grew by 9% and appliances by 27%.
- The company has seen significant improvements in premium saliency across ceiling fans, lighting, and domestic appliances.
- Strong double-digit growth in fans has been consistent for the last three quarters, marking a recovery since the pandemic.
- Despite the overall growth, the lighting segment showed flat growth, with B2C lighting still experiencing degrowth due to price erosion in lamp segments.
- Butterfly Gandhimathi Appliances reported a revenue of INR166 crores but an EBITDA loss of INR20 crores, indicating ongoing challenges in this segment.
- The company incurred a significant expense of INR14 crores this quarter alone for EPR, impacting profitability.
- There are still some one-off costs from the reorganization of Butterfly Gandhimathi Appliances, affecting overall financial performance.
- The company continues to face challenges in aligning revenue recognition policies between Crompton and Butterfly, leading to deferred sales.
Yes, hi. Good evening, everyone. Welcome, everybody, to the, fourth quarter FY24 earnings conference call of Crompton Greaves Consumer Electricals Limited. Today, from the management team, we have with us Mr. Promeet Ghosh, Managing Director and CEO; Mr. Rangarajan Sriram, Managing Director, Butterfly Gandhimathi Appliances; Swetha Sagar, Chief Business Officer, Butterfly Gandhimathi; Mr. Kalees Arunachalam, Chief Financial Officer; Mr. Yeshwant Rege, Vice President Strategy and Financial Planning; and Ms. Natasha Kedia, Head, Investor Relations.
With these words, I now hand over the call to Promeet for his opening remarks, after which we start with the Q&A. Thank you, and over to you, Promeet.
Thanks. Good evening, everyone. We are doing this in the evening on the day that we announced the results for the first time, I think, ever. So hopefully, you guys are not too tired out from a hectic day earlier today. You
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