Crompton Greaves Consumer Electricals Ltd. Reports Record Quarterly Revenue

Crompton Greaves Consumer Electricals Ltd. (CGCEL) reported its highest-ever standalone quarterly revenue at Rs. 1,959 Cr for the first quarter ended 30th June 2024. The company showed notable gains across multiple segments, especially ECD revenue, which grew 21% YoY. Despite setbacks in the Butterfly Gandhimathi Appliances segment, the company’s overall performance remains strong.

Crompton Greaves Consumer Electricals Ltd. (CGCEL) has announced its financial results for the first quarter that ended on 30th June 2024, revealing the highest-ever standalone quarterly revenue of Rs. 1,959 Cr, marking an 18% year-on-year growth.

The company's ECD segment stood out with a revenue growth of 21% YoY and an EBIT margin of 15.0%. Seasonal product categories like Fans and Air Coolers saw substantial gains.

While the Butterfly Gandhimathi Appliances division faced a setback with a 17% YoY revenue dip, the company's consolidated financials showcased resilience with a 14% YoY growth.

(With inputs from agencies.)