Turning debt-free and doubling solar pump growth, CGCEL powers through a challenging quarter with steady revenue and strong segment gains.
Crompton Greaves Consumer Electricals Limited reported a stable standalone revenue of ₹1,819 crore for the quarter ended 30 June 2025. This is despite weather-related disruptions that impacted seasonal product sales.
The company announced it has transitioned to a zero-debt position after repaying a ₹300 crore non-convertible debenture (NCD) tranche and remains net cash positive.
The Electrical Consumer Durables (ECD) segment recorded revenue of ₹1,586 crore. Within this, fan sales declined, attributed to lower temperature and power wind (TPW), though newly launched premium models such as Niteo and Fluido were introduced during the period.
Solar pumps reported a two-fold increase year-on-year, supported by an order worth ₹101 crore from the Maharashtra Energy Development Agency (MEDA). The company stated that it is expanding its participation in government tenders across multiple states.
Subsidiary Butterfly Gandhimathi Appliances Ltd. reported revenue of ₹187 crore and a 39% increase in EBITDA. Growth was mainly driven by mixer grinders and pressure cookers. The brand introduced a revised positioning under the theme “Celebrating Change” and launched over 40 new products as part of its “Idea First Series.”
Promeet Ghosh, MD & CEO, CGCEL, asserted, “We navigated a challenging quarter due to unseasonal weather, impacting cooling products, offset by strong growth in solar pumps and small domestic appliances. Continued EBIT momentum in the lighting business, while 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’. During the quarter we gained market share in various categories demonstrating our resilience and robust execution capabilities. We remain focused on strengthening our brand, distribution, innovation, manufacturing, and people capabilities to drive future growth and capitalize on emerging opportunities.”
