Crompton Greaves posted strong revenue, hitting ₹8,096 Cr with an 11% CAGR since FY22, driven by all segments and alternate channels.
Fans, Water Heaters, Air Coolers, and Pumps saw market share gains, while Lighting EBIT reached a 5-year high and Butterfly's margins turned around.
The "Crompton 2.0" strategy aims to double the Total Addressable Market (TAM) from ₹80k Cr to over ₹160k Cr by FY31. Focus areas include strengthening core businesses, expanding in kitchen appliances, transforming lighting, and entering new segments like Solar Rooftop.
Innovation emphasizes smart & connected products and design.
Recent updates include a new brand identity and differentiated product launches.
A greenfield facility for ceiling fans is also underway.
Financially, the company targets ~13-14% revenue CAGR to double by FY31, with profit growth exceeding revenue and exit EBITDA margins around 15% by FY29. Annual capex is ~₹120 Cr, supported by ₹1,155 Cr net cash.
Management highlights a 'growth that funds itself' model, leveraging premiumization, revenue per unit growth, and strategic reinvestment.
The outlook is for a resilient and compounding future, deeply focused on consumer needs.
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