Crompton Greaves shares fall 7% post Q1 as management flags supply tightness; analysts share outlook

The sharp fall in the stock can also be attributed to management’s comments on supply tightness, which impacted revenue. Analysts highlighted a sales loss of around ₹200 crore, with the largest impact seen in the fans segment.

At the time of writing the article, shares of Crompton Greaves were trading at ₹253.05 apiece on the National Stock Exchange, plunging 6.28%.

The electrical equipment company reported a 15% increase in consolidated net profit at ₹140 crore for the first quarter of the current financial year (Q1 FY27) as against ₹122 crore in the same period last year.

The company’s revenue from operations rose 12% in the April-June period to ₹2,235 crore as compared to ₹1,998 crore on a year-on-year (YoY) basis.

On the operational front, Crompton Greaves’ earnings before interest, taxes, depreciation & amortisation (EBITDA) for the quarter grew 14% to ₹224 crore in Q1 FY27 as compared to ₹197 crore in the corresponding quarter for the previous fiscal year.

The EBITDA margin for the quarter expanded to 10.02% in the reporting quarter in contrast to 9.86% YoY.

The Mumbai-based firm’s electrical consumer durables (ECD) reported revenue growth of 10.6% YoY, which was driven by robust performance in brushless direct current (BLDC) motor fans followed by pumps and large appliances.

The lighting segment delivered strong double-digit revenue growth of 15.4% YoY, while the EBIT margin came in at 12%. The double-digit growth across B2C and B2B segments is supported by strong traction in ceiling lights, commercial lights and industrial lights.

Revenue from its subsidiary Butterfly saw double-digit revenue growth of 14.1% YoY, and EBIT margin at 4.2% grew 19.5% on a yearly basis.

Commenting on the earnings, Crompton Greaves MD & CEO Promeet Ghosh said, “We delivered a resilient performance during the quarter with disciplined pricing, premiumisation and strong execution across channels. While supply tightness impacted near-term revenue, pricing measures and operating leverage ensured margins and cash flows were healthy.”

Here’s what analysts said

Analysts from Jefferies said that the quarter was in line with their expectations, noting that margins remained resilient despite a surge in input costs. They added that the company was able to manage cost pressures effectively during the period.

The analysts further highlighted that Crompton sustained its growth momentum, supported by timely price hikes, disciplined working capital management and strong cost control measures. According to them, around 80% of the inflationary pressure has been passed on so far.

HSBC analysts in a note on Friday said Crompton’s margins expanded despite cost pressures and demand volatility arising from price hikes, supported by disciplined execution during the quarter.

They highlighted that strong growth in BLDC fans reflected the company’s strength in its core category, while the domestic appliances segment also recorded double-digit growth.

Analysts from CLSA said the company’s Q1 FY27 EBITDA was in line with consensus estimates. They also added that new categories such as solar rooftops and wires are expected to contribute to revenues in the coming quarters, while a rebound in growth along with sustained margins will remain a key monitorable.

Analysts from Citi said Crompton reported better-than-expected growth in the Lighting and Butterfly segments, while growth in its core ECD business came in below their estimates. They noted that management highlighted supply chain disruptions led to lost sales of about ₹2,000 crore, with the largest impact in the fans' segment.

They added that the near-term growth outlook remains strong, supported by partial recovery of lost sales from the first quarter, a favourable base and tailwinds from relatively new categories such as solar rooftop and solar pumps.

As of August 7, 2026, Crompton Greaves has a market capitalisation of ₹16,313.58 crore, NSE data showed.