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Crompton Greaves Consumer Electricals Ltd.’s Q1 revenues were up 45% y-o-y at Rs 10.4 billion, while Ebitda was up 21% y-o-y at Rs 1.2 billion resulting in a profit after tax of Rs 931 million, up 25% y-o-y, with operating profit margin in line with expectations at 11.7%.
Gross margins remained strong sequentially despite input hikes through a combination of product mix, price and cost rationalisation.
Crompton Greaves continued its investments in brand and distribution in Q1, unlike the first wave where it halted it to conserve cash.
It continues to lead growth through alternate channels with e-commerce revenues and rural expansion and has a 1% gain in fans market share at ~27%.
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