23 Oct , 2021 By : Kanchan Joshi
NEW DELHI: Consumer products company, Crompton Greaves, that manufactures fans, lights, pumps and home appliances, reported a consolidated revenue of Rs1,385 crore for the September ended quarter, up from Rs1,213.19 crore in the year-ago period. Consolidated net profit rose to Rs158.81 crore during the period under review from Rs141.68 crore a year ago
Ebitda margin stood at 15.5%. The company said business activity improved sequentially, as central and state governments had eased pandemic-induced curbs by June.
It, however, flagged rising commodity costs which were offset by cost saving initiatives and calibrated price increases. EBITDA for the quarter was at Rs215 crore.
Sales in the fans category grew, primarily the premium and decorative segment, while the appliance business also showed improvement, especially geysers, mixer grinders, and irons.
The lighting business recorded a double digit Ebitda margin driven by B2C growth of 19%. Shantanu Khosla, managing director, said the company's consumer focused LED lighting business maintained an upward growth trajectory.
Crompton competes with brands like Bajaj Electricals and Havells India in the home appliances segment.
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