Q1 2025 Crompton Greaves Consumer Electricals Ltd Earnings Call Transcript
Key Points
- Crompton Greaves Consumer Electricals Ltd (BOM:539876) achieved its highest ever quarterly stand-alone revenue at INR1,959 crores, driven by strong ECD growth of 21% year-on-year.
- The company saw broad-based growth across its portfolio, with fans growing at 16%, pumps at 13%, and appliances at 24%.
- Significant volume growth in air coolers, with a 68% increase, leading to an overall revenue growth in the large domestic appliances segment of 25%.
- The company has been successful in premiumization, with premium saliency of large domestic appliances improving to 25.6%.
- Crompton Greaves Consumer Electricals Ltd (BOM:539876) remains a net cash positive company, having paid INR300 crores towards NCDs for the Butterfly acquisition and generating strong cash flows.
- The Lighting revenue was broadly flat, with only a 2% growth, and the B2C category within the Lighting segment experienced a degrowth.
- The large kitchen appliances business is currently making losses at the EBITDA level.
- There were supply glitches that affected the sales of air coolers and fans, which could have been higher.
- The company faces ongoing pressure from raw material price increases, particularly in copper, aluminum, and ABS.
- Despite improvements, the Butterfly Gandhimathi Appliances Limited segment is still a work in progress and has not fully turned around.
Yeah. Thanks. And everybody, welcome to Q1 FY25 Results Conference Call of Crompton Greaves Consumer Limited. We have with us senior management represented by Mr. Promeet Ghosh, Managing Director and Chief Executive Officer; Mr. Kaleeswaran Arunachalam, Chief Financial Officer; Ms. Swetha Sagar, Chief Business Officer, Butterfly Gandhimathi Appliances Limited; and Ms. Natasha Kedia, Head of Investor Relations.
From ICICI Securities, we welcome you all to the quarterly con call. Initially, we will have the discussion from the management on the quarterly performance, and then we will open the floor for question-and-answer session. Thanks, and over to you, sir.
Thanks, can you hear me properly?
Yes, sir. Please go ahead.
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