Crompton Greaves Consumer Electricals Q1 Results: Profit falls 19% to Rs 124 crore
Ltd on Thursday reported a 19 per cent decline in
consolidated profit after tax
at Rs 124 crore in the first quarter ended June 2025 with sales of cooling products being impacted by unusual weather.
The company had posted a consolidated profit after tax (PAT) of Rs 152 crore in the corresponding period last fiscal, Crompton Greaves Consumer Electricals Ltd said in a statement.
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Consolidated
revenue
in the first quarter stood at Rs 1,998 crore as against Rs 2,138 crore in the year-ago period, down 7 per cent, it added.
Commenting on the performance, Crompton Greaves Consumer Electricals MD & CEO Promeet Ghosh said, "We navigated a challenging quarter due to
unseasonal weather
, impacting cooling products, offset by strong growth in solar pumps and small domestic appliances."
The lighting business revenue remained stable amidst ongoing price erosion.
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Kitchen
portfolio
performed well with robust growth in small domestic appliances and Butterfly introduced a new brand identity with "industry-first range of products under the Idea First Series", he added.
On the way forward, Ghosh said, "We remain focused on strengthening our brand, distribution, innovation, manufacturing, and people capabilities to drive future growth and capitalise on emerging opportunities."
Stating that climate change is altering demand patterns and is driving changes in consumer behaviour, Ghosh said, "We see
sustainability
not just as a responsibility, but also as a driver of smarter choices, sharper innovation,
product
differentiation and consumer affinity."
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First Post
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'Media rights are a big unlocking value, and I think we have to understand that media rights will always drive the overall value of a sport, of a franchise, of a team. That will continue to dictate value. However, that's where the market plays a big role. Today, we're again heading into what is potentially a monopoly market of Jio and Star coming together and I do hope that unlocking value continues. STORY CONTINUES BELOW THIS AD Suhail also warned about the growing trend of big conglomerates controlling all the stakes in major sporting leagues in India, especially in terms of broadcast. 'We shouldn't lean on a monopoly market. I do hope to see more and more media houses come in that want to house sport, whether it be global entities entering India, like Netflix and the WWE deal. It's a great dictate for what the future of sport might look like. When you look at the effect that a Formula 1 movie has had, or a Drive to Survive show has had, or WWE now being on Netflix, I do hope more global platforms look at Indian sport and Indian leagues as a potential. I think the next ten years are going to be very strong for India, and more platforms need to enter the market.' Suhail on taking PKL to next level The Pro Kabaddi League (PKL) has already grown into one of the biggest sporting leagues in India, second only to the IPL in stature. Suhail opened up about the gaps that can be filled by the PKL organisers to make the league even bigger in India. 'I think listening to the franchises' needs a little bit more is important. All of us – all 12 teams – are looking to work with the PKL to grow the sport. What we need to do is unlock the true value of the sport. While the league, as an entity, is largely owned by the broadcaster, I think we still need to separate the two and work with the teams, the stakeholders of the sport, and others who are genuinely trying to promote it.' STORY CONTINUES BELOW THIS AD 'We must also clamp down on any rubbish that's going on. We need to be very stern and focused on the progress of the sport in one clear direction. The league has done a fabulous job of building it to where it is today, but now it's the league's responsibility to take it up an extra notch. How do we commit to the future of the sport when we already have such strong stakeholders?' 'In terms of stature, I think only the IPL is a rival. We have the Kotak family, the Screwvala family, the Adanis, JSW, the Bachchans, Capri Global, and other private investors in the mix. This is a strong core group of team owners who are not looking for a quick exit, which means the sport is in safe hands. 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an hour ago
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