Crompton Gr. Con

Crompton has officially launched its residential wires business, targeting a massive ₹36,000-37,000 crore market. The company plans to leverage its existing pan-India distribution and brand equity to achieve a leadership position in the near to medium term. Initially, the business will operate on an outsourced model to minimize CAPEX, with products becoming available in select markets within the next 6-7 weeks.

The solar segment is showing significant traction, with the rooftop business booking ₹18-19 crores in revenue during Q3. The total order book for solar rooftops has reached approximately ₹500 crores, which management expects to execute over the next 9-12 months. Furthermore, the solar pumps business has more than doubled its revenue YoY, positioning Crompton as a top three player in that segment.

The company reported a seamless transition to BEE 2.0 norms for ceiling fans, effective January 1, 2026. Crompton maintained its status as the world's number one ceiling fan brand by responsibly liquidating legacy inventory and focusing on R&D for new star-rated products. The BLDC fan category was a standout performer, growing over 50% QoQ and contributing to a 5% market share gain.

Butterfly Gandhimathi showed signs of a successful turnaround with a 44% YoY growth in net profit. Revenue grew 3% YoY to ₹245 crores, driven by premiumization in gas stoves and demand for cookers. EBITDA margins expanded by 100bps to 8.2%, aided by gross margin improvements and cost optimization initiatives like the 'Idea First' series.

Despite persistent commodity inflation, Crompton achieved a sequential EBITDA margin expansion to 10.3%. Management has taken a net price increase of 1-1.5% in January and plans two additional rounds of hikes in Q4 FY26 and Q1 FY27. The company is also utilizing its 'UNNATI' cost program and alternative raw material qualification to defray cost increases without compromising quality.