Latest news with #CromptonGreavesConsumerElectricalsLtd
Hans India
5 days ago
- Business
- Hans India
Crompton Greaves Consumer Electricals Q1 profit falls 19 pc to Rs 124 cr
New Delhi: Crompton Greaves Consumer Electricals 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. 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. 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."
Time of India
5 days ago
- Business
- Time of India
Crompton Greaves Consumer Electricals Q1 Results: Profit falls 19% to Rs 124 crore
Crompton Greaves Consumer Electricals 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. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Use an AI Writing Tool That Actually Understands Your Voice Grammarly Install Now Undo 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. Live Events 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."
News18
5 days ago
- Business
- News18
Crompton Greaves Consumer Electricals Q1 profit falls 19 pc to Rs 124 cr
New Delhi, Aug 7 (PTI) Crompton Greaves Consumer Electricals 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. 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. 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." PTI RKL HVA view comments First Published: August 07, 2025, 18:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Standard
24-07-2025
- Business
- Business Standard
Crompton Greaves Consumer Electricals Ltd Slides 0.63%
Crompton Greaves Consumer Electricals Ltd has lost 2.97% over last one month compared to 3.53% gain in BSE Consumer Durables index and 0.88% rise in the SENSEX Crompton Greaves Consumer Electricals Ltd lost 0.63% today to trade at Rs 337.8. The BSE Consumer Durables index is down 0.25% to quote at 60153.47. The index is up 3.53 % over last one month. Among the other constituents of the index, Kalyan Jewellers India Ltd decreased 0.58% and Blue Star Ltd lost 0.31% on the day. The BSE Consumer Durables index went up 0.82 % over last one year compared to the 3.28% surge in benchmark SENSEX. Crompton Greaves Consumer Electricals Ltd has lost 2.97% over last one month compared to 3.53% gain in BSE Consumer Durables index and 0.88% rise in the SENSEX. On the BSE, 1265 shares were traded in the counter so far compared with average daily volumes of 1.19 lakh shares in the past one month. The stock hit a record high of Rs 483.65 on 02 Sep 2024. The stock hit a 52-week low of Rs 303 on 07 Apr 2025.
Fashion Value Chain
23-07-2025
- Business
- Fashion Value Chain
Crompton Achieves Milestone by Completing Final NCD Repayment of Rs. 300 Crs, Transitions to Zero Debt and Net Cash Positive Status
Crompton Greaves Consumer Electricals Ltd. ('Company'), a leading player in the Consumer Durables player, today announced the successful repayment of the final tranche of its Non-Convertible Debentures (NCD) with principal amounting to Rs. 300 Crs. This milestone marks the full repayment of the total debt of Rs. 2,125 Crs undertaken for the acquisition of Butterfly Gandhimathi Appliances Ltd. (Butterfly), a 75% subsidiary. The repayment effort has involved settling all five scheduled tranches, reinforcing the Company's strategy to minimize debt and thereby significantly reduce interest costs. As a result, the Company can channel more resources into future growth initiatives, innovation, and shareholder returns. Kaleeswaran Arunachalam, Group Chief Financial Officer and Head of Strategy, commented, 'With the repayment of this final tranche of NCDs of Rs. 323 Crs (Principal + Interest), we are pleased to announce that we have transitioned to a zero-debt position. This significant milestone is a testament to the resilience and effectiveness of our business model and operational strategies, which have generated consistently strong cash flows year after year.' He further added, 'As we move forward, we will continue to drive sharp capital allocation decisions, ensuring that we invest responsibly in initiatives that foster sustainable growth. Our robust cash flow generation has allowed us to repay the full debt in a short time frame. Our commitment to maintaining a strong balance sheet positions us well for future opportunities and solidifies our commitment to delivering long-term value for all our stakeholders. This achievement underscores the Company's dedication to financial discipline and efficient management, reinforcing its ability to navigate challenges while paving the way for future growth and profitability.' About Crompton Greaves Consumer Electrical Ltd. (CGCEL) CGCEL is India's market leader in Fans, no. 1 player in Residential Pumps and has leading market positions in its other product categories. The Company manufactures and markets a wide spectrum of consumer products – Fans, Lights, Pumps and Appliances including Kitchen Appliances. The Company has strong dealer base across the country and wide service network offering robust after sales service to its customers.
