Crompton Q4 FY26: Revenue Up 11%, Loss on Rs 716cr Hit

What Crompton reported for Q4 FY26

Crompton Greaves Consumer Electricals reported a sharp swing to loss in Q4 FY26 even as revenue rose in double digits. On a standalone basis, the company posted a net loss of Rs 536.81 crore for the quarter ended 31 March 2026, versus a net profit of Rs 170.54 crore in Q4 FY25. Standalone revenue from operations increased 10.90% year-on-year to Rs 2,083.30 crore from Rs 1,878.50 crore.

Profit before exceptional items and tax on a standalone basis was largely flat, at Rs 230.66 crore compared with Rs 229.47 crore a year ago. The reported loss was driven by an exceptional item of Rs 716.04 crore recorded during the quarter. Standalone EBITDA came in at Rs 253 crore, up 2% from Rs 248 crore in Q4 FY25.

Consolidated performance and margins

On a consolidated basis, Crompton reported a net loss of Rs 533.93 crore in Q4 FY26 versus a profit of Rs 169.48 crore in Q4 FY25. Consolidated revenue rose 10.79% to Rs 2,283.27 crore.

In the earnings call, management described a sharp recovery across segments, citing consolidated revenue growth of about 11% to Rs 2,283 crore. The same call highlighted consolidated EBITDA of Rs 271 crore with an EBITDA margin of 11.9% for Q4. Management also said EBIT margins improved from 6.8% in H1 to exit at about 10% in Q4, attributing it to operating leverage, premiumisation, pricing actions and cost optimisation.

Segment snapshot: ECD and Lighting

The electrical consumer durables (ECD) business posted a 10% rise in revenue to Rs 1,768 crore in Q4 FY26. However, EBIT margin in ECD declined to 15.4% from 16.7% in Q4 FY25.

The lighting segment reported 14% revenue growth to Rs 315 crore, while EBIT margin narrowed to 12.2% from 15.9% a year ago. In the earnings call, management said lighting performance was strong across both B2B and B2C segments and described it as the best growth seen in several years outside disrupted periods.

Pricing actions and raw material inflation

Management said it took two rounds of price hikes ahead of peers due to raw material inflation. For Q4 and cumulatively for the year, the company indicated a 7% to 8% price increase in its lead category such as fans, with a large part coming in Q4.

The company said these actions by and large offset the cost inflation it faced, but also flagged that it was seeing further input cost inflation in April. Along with pricing, management pointed to cost actions and margin discipline as ongoing levers, alongside premiumisation.

Fans, appliances and BLDC: what drove volumes

Crompton said its fans business saw robust traction, recording the highest-ever fan volumes in March 2026. Management linked the performance to its focus on BLDC products and a series of new product introductions.

The company said its BLDC portfolio continued growing above 30%, and reiterated that the range was growing at 30% plus following launches earlier in the year and additional launches during the quarter. In small domestic appliances, management said the category grew 20% in FY26 and 30% in Q4, supported by new product introductions.

Butterfly and cash flow comments from management

Management said the Butterfly business returned to double-digit growth, and referenced improved profitability and advertising investment in the quarter. In the earnings call, it also said Butterfly delivered 17% revenue growth for Q4.

Management added that Butterfly was cash flow positive and indicated Butterfly had about Rs 170 crore of cash. It also stated that Crompton’s cash flow generation remained strong and said cash generation in FY26 crossed Rs 500 crore.

Diversification: solar scale-up and targets

Crompton’s solar business was described as having scaled from Rs 20 crore to Rs 200 crore over three years. The company said its rooftop solar order book was already at Rs 500 crore.

Management outlined an ambition to build a Rs 2,000 crore solar portfolio over the next 3 to 4 years. These targets sit alongside the broader “Crompton 2.0” strategic narrative that management has discussed, including premiumisation and distribution expansion.

New brand launches and portfolio positioning

The company said it launched wares under the Crompton brand during the quarter and claimed it generated consumer interest. It also announced the launch of a super-premium brand, Crompton Rhion.

Management said it would introduce a range of products under Crompton Rhion across categories as a platform for innovation and design capability, built through investments in R&D. It also said the Large Kitchen Appliances (LKA) profit-and-loss vertical would fold into the Rhion vertical.

Dividend, investor communication, and what to track next

The board recommended a dividend of Rs 3 per equity share (150% of face value of Rs 2) for FY26, subject to shareholder approval at the upcoming AGM. If approved, the company said the dividend would be paid on or after 7 August 2026 and within 30 days of the AGM.

Crompton also said it has released the video recording of its earnings call held on May 13, 2026, accessible on its investor relations website. For investors, the quarter’s key moving parts remain the exceptional item and segment margin trajectory, alongside the pace of premiumisation and the solar scale-up plan.

Key numbers at a glance (all amounts in Rs crore)