Crompton Greaves Q4 FY25: Profit up 23%, dividend ₹3

Why Crompton Greaves was in focus

Crompton Greaves Consumer Electricals Ltd. moved into the spotlight after posting a stronger set of Q4 FY25 numbers, with profitability improving faster than revenue. The stock reaction was visible in early trade after the results, when the shares traded about 5% higher at around ₹344.15. The company’s performance was also discussed alongside multiple brokerage notes, reflecting a split between valuation caution and execution optimism.

Investors also track the stock for seasonal patterns, and May has historically been a supportive month for Crompton, based on the last 10 years of price action data shared in the dataset.

May seasonality: what the historical data shows

The seasonality table shared indicates Crompton delivered positive returns in May in 8 out of 10 years. The best May gain in the sample was 23.19% (2024), while the worst May decline was -6.07% (2022). The average change for May in the dataset is a positive 3.60%.

Seasonality does not explain fundamentals on its own, but it is often used by traders to contextualise near-term positioning, especially around results season and summer-demand categories.

Q4 FY25 numbers: revenue up, margins expand

For the quarter ended March 31, 2025, Crompton reported revenue from operations of ₹2,060.6 crore, up 5.1% year-on-year from ₹1,961 crore in Q4 FY24. Consolidated net profit rose to about ₹169.5 crore, compared with about ₹138.4 crore a year earlier, indicating roughly 23% year-on-year growth. The company’s EBITDA for the quarter was reported at ₹264.4 crore versus ₹203.6 crore in Q4 FY24, with EBITDA margin expanding to 12.8% from 10.4%.

A separate quarterly table in the dataset also shows Q4 FY25 net income at ₹172 crore and net profit margin at 8.33%, versus Q4 FY24 net income at ₹133 crore and margin at 6.80%. While these figures are close in direction to the reported consolidated numbers, readers should note that the dataset contains multiple summaries from different sources.

Segment drivers highlighted in the quarter

The dataset attributes Q4 growth to robust demand in solar pumps and appliances, including mixer grinders and air coolers. The Electrical Consumer Durables (ECD) segment grew 6% year-on-year in Q4 FY25, driven largely by pumps and appliances. For FY25, ECD revenue growth is stated at 11% year-on-year, supported by the same categories.

Lighting revenue for Q4 was reported at ₹276 crore. The dataset notes that despite price erosion and higher advertising and promotional spending, the lighting EBIT margin expanded by 700 basis points year-on-year to 15.9%, supported by a better B2C mix. New B2B lighting products were also introduced across street, flood, industrial, and indoor commercial categories.

Butterfly’s turnaround signals improving execution

Butterfly Gandhimathi Appliances Ltd., Crompton’s subsidiary, was flagged as a positive contributor. Its Q4 revenue rose 12% year-on-year, reversing declines seen in the first three quarters of the fiscal year. The dataset also references sequential market share gains in mixer-grinders and pressure cookers.

The subsidiary’s EBITDA margin improved to 8.6% in Q4 FY25 from -11.9% in Q4 FY24, based on the figures cited. Crompton expects Butterfly to deliver mid-teen revenue growth and double-digit margins over the next 2-3 years, as per the dataset.

Dividend and corporate actions

Crompton’s board recommended a dividend of ₹3 per equity share of face value ₹2 for the year ended March 31, 2025. The dividend is stated to be payable after Friday, August 8, subject to shareholder approval at the upcoming AGM.

Dividend announcements are typically read alongside cash generation and reinvestment plans, especially for companies balancing brand spending, product launches, and capacity expansion.

Valuation snapshot and market data points

The dataset lists Crompton’s market cap at ₹18,348.4 crore in one snapshot and ₹22,260 crore in another, reflecting different market price points. It also lists a P/E (TTM) of 39.15, and elsewhere a P/E around 42.26 and 39.0. Other reported metrics include beta of 1.09, book value per share of 56.12, and return on equity of 16.54%.

For FY25, revenue is reported at ₹7,864 crore, up 7.53% from ₹7,313 crore in FY24, while earnings are reported at ₹556 crore, up 26.38%. The dataset also notes quarterly revenue of ₹1,998 crore for the quarter ended June 30, 2025 (down 6.52%), and last twelve months revenue of ₹7,724 crore (up 1.99%).

What brokerages and analysts flagged

Brokerage commentary in the dataset spans both positive and cautious stances. Nomura reiterated a ‘Buy’ with a target price of ₹444, citing an EBITDA beat and a growth push. HSBC maintained a ‘Buy’ with a target price of ₹470, highlighting new product launches and margin expansion. Morgan Stanley maintained an ‘Underweight’ rating with a target price of ₹352, pointing to a cautious view while noting premiumisation efforts and new technology launches.

JP Morgan is referenced as maintaining ‘Neutral’ with a target price of ₹365, expecting a FY26 recovery. The dataset also cites Nuvama Institutional Equities maintaining a ‘Buy’ with a target price of ₹460 and optimism around rooftop solar as a long-term opportunity, alongside a capex plan of ₹350 crore over the next 2-3 years for a greenfield manufacturing facility.

A separate analyst aggregation in the dataset states that 90.91% of analysts recommend a ‘BUY’ rating, with an average target price of ₹425.59 (S&P Global Market Intelligence source cited).

Market impact: what changed after the results

On the day referenced, Crompton was reported trading around ₹345, up about 5.38%, after opening at ₹339.35 and moving between ₹338.30 and ₹348.00 intraday. The same dataset notes that the BSE Consumer Durables index rose 0.3% to about 59,332.2 during the move, while the broader indices were slightly weaker, with Sensex and Nifty down around 0.2% each at the time.

The dataset also notes that the stock closed 1.21% lower at ₹327.34 on the NSE in a separate market reaction snippet, and that the stock had fallen 3.16% over the prior 12 months and 17.28% year-to-date at that point. These variations underline how price references depend on the specific day and timestamp being quoted.

Why the Q4 print matters

The key takeaway from the quarter is that margin expansion and profit growth outpaced revenue growth, supported by mix, operating leverage, and a recovery in Butterfly’s profitability. The segment commentary also indicates Crompton is leaning on categories such as pumps, appliances, and selected solar-linked demand drivers.

At the same time, valuation remains a central debate point, as reflected in the spread of brokerage ratings and targets. Investors tracking Crompton will likely focus on how consistently the company can defend margins while scaling newer categories and funding its planned capacity expansion.

Conclusion

Crompton’s Q4 FY25 results showed revenue growth to ₹2,060.6 crore and a sharp rise in profit, alongside a ₹3 per share dividend recommendation. The stock’s near-term movement also aligns with historically positive May seasonality in most years from the dataset. The next key milestones are shareholder approval of the dividend at the AGM and updates on the ₹350 crore capex programme and category expansion plans.