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Crompton Greaves reported steady Q2 FY26 revenue with 3% YoY volume growth. Butterfly led with 13.6% revenue and 21% EBITDA growth. Lighting saw 50% EBIT growth and 15.5% margins. ECD margins were impacted by seasonality and costs; a 1.4% fan price hike was initiated. Crompton is now the #1 global ceiling fan company. The solar business is rapidly expanding, securing Rs. 500 Cr in rooftop orders and pumps growing 100%+ YoY (Rs. 255 Cr backlog). Management expects solar to become the second-largest business in 1-2 years, targeting Rs. 2,000 Cr with high ROCE. The company's 'Crompton 2.0' initiatives continue.
All announcements from Crompton Greaves Consumer Electricals Limited