NewsVoir Mumbai Maharashtra [India] May 18 Crompton Greaves Consumer Electricals Ltd Company India leading Consumer Durables player reported its standalone consolidated financials for the fourth quarter and financial year ended 31st March 2024 Crompton 20 at work Continued execution of Crompton 20 tenets resulted in strong revenue growth and robust profitability with stepped up investments behind brand innovation and people The focus on premiumisation through new product launches led to improved saliency across categories High impact campaigns were executed across categories to drive brand awareness Alternate channels continue to consistently deliver superior growth wherein E-com recorded highest quarterly revenue with 75 YoY growth in Q4 Q4 FY24 performance Highest ever quarterly standalone revenue at Rs 1797 cr 12 YoY growth and robust EBIT margin of 115 123 adj for EPR Consolidated revenue for the quarter at Rs 1961 cr and EBIT at Rs 169 cr FY24 performance Standalone revenue
Crompton Greaves Consumer Electricals shares hit a 20-month high after strong March quarter results. ECD segment sales grew by 14%, driven by fans, pumps, and appliances. Company achieved record revenue with a 40 basis point increase in gross margin.