Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Crompton Greaves Consumer Electricals Ltd. Releases Q4 & FY24 Financial Results

Reading Time: < 1 minute

Crompton Greaves Consumer Electricals Ltd., a leading player in the consumer durables sector, has announced its financial results for the fourth quarter and financial year ending March 31, 2024. The company reported strong revenue growth and robust profitability driven by its Crompton 2.0 strategy, focusing on brand, innovation, and people.

In the fourth quarter of FY24, the company achieved its highest ever quarterly standalone revenue of Rs. 1,797 crore, marking a 12% year-on-year growth. The EBIT margin stood at 11.5%, demonstrating the company’s operational efficiency. On a consolidated basis, the revenue for the quarter was Rs. 1,961 crore, with an EBIT of Rs. 169 crore.

For the full financial year, standalone revenue reached Rs. 6,388 crore, showing a 10.0% year-on-year growth, with an EBIT margin of 9.8%. The company also generated a strong operating cash flow of Rs. 796 crore, with a 130% profit before tax conversion ratio.

The company’s performance was broad-based across categories, with significant growth in fans, pumps, and appliances. The E-commerce channel recorded the highest quarterly revenue growth of 75% year-on-year in Q4. Additionally, the company’s lighting segment showed positive growth trajectory, with a 0.9% year-on-year revenue increase in Q4.

Despite challenges in the market, Crompton Greaves Consumer Electricals Ltd. remains optimistic about its growth prospects, especially with the upcoming summer season and increasing demand for home and kitchen appliances. The company’s focus on innovation and strategic investments is expected to drive continued success in the future.

Taylor Swifts New Album Release Health issues from using ACs Boston Marathon 2024 15 Practical Ways To Save Money