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Revenue
₹1,898 Cr
verified against source
Revenue YoY
7%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Crompton reported Q3 FY26 consolidated revenue of ₹1,898 crore, up ~7% YoY, with EBITDA margin expanding to 10.3% (up 185bps QoQ). Growth was driven by ECD (up 8% YoY) and lighting (up 7% YoY), with strong performance in solar pumps (revenue more than doubled YoY) and BLC fans (50%+ sequential growth). Butterfly delivered steady revenue of ₹245 crore (+3% YoY) with EBITDA margin expanding ~100bps YoY to 8.2% and PAT up 44% YoY. Management announced entry into residential wires, targeting a ₹36,000-37,000 crore market, with products launching in select markets within 6-7 weeks. The BEE 2.0 fan transition was executed seamlessly. Guidance includes two more rounds of price hikes in Q4 and Q1 to offset commodity inflation. Risk: sustained commodity cost pressure could delay margin recovery if pricing actions fall short.
Colored figures show movement against the previous available record.
Guidance to track
- Management plans two additional rounds of price increases in fans during Q4 FY26 and Q1 FY27 to offset commodity cost inflation.
- Crompton will launch residential wires in select markets within 6-7 weeks, targeting a ₹36,000-37,000 crore market with a long-term leadership ambition.
- The ₹500 crore solar rooftop order book will be executed over the next 9-12 months, with working capital impact expected to be manageable.
Risks flagged
- Persistent commodity cost inflation could delay margin recovery if planned price hikes are insufficient or not fully absorbed by the market.
- An analyst questioned whether Crompton's entry into wires would face the same profitability challenges seen by peers; management defended its track record but acknowledged execution risk.
- Execution of large government solar orders may stretch working capital if payment schedules slip, though management expressed confidence based on past experience.
Key quotes
- We are now the second largest water heater brand in GT nationally.
- Our solar pumps business has more than doubled over year on year.
- We are not interested in entering businesses in which we are not going to be leaders.
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