Crompton Greaves Consumer Electricals Limited Results for Quarter Ended June 2018

Crompton Greaves Consumer Electricals Limited Results for Quarter Ended June 2018
Q1FY19: Adjusted Revenue growth of 20%, PAT growth of 30%

Bangalore, July 25, 2018: The Board of directors, at its meeting held on 25th July 2018 approved
the results of the Company for the quarter ended 30th June, 2018. Total Income for the
quarter was Rs. 1204 Crs. Comparable Revenue, after adjusting for the impact of excise, grew
by 20% over a lower base due to GST transition

Profit After Tax for Q1FY19 was at Rs 104 Crs, up by 30%. PAT margin increased from 8.0% in
Q1 FY18 to 8.7% in Q1FY19. Revenue growth was led by our Electrical Consumer Durable
segment which grew by 23% driven by our new innovations (Air 360 fans and Mini Pumps)
and continued focus on our Go To Market strengthening. Revenue for Lighting segment,
excluding EESL, grew by 15% in spite of continued price erosion in the category.

Commenting on the Quarter results, Company’s Managing Director Shantanu Khosla said
“We have grown our top line and improved profitability in line with the targets we had set
out. Our focus remains on creating industry ‘first’ innovations and long‐term capability
development. We focussed on brand and supply chain processes last year. With
encouragement from our pilots, we are extending a pan‐product segment ‘Go‐to‐market’
drive, enabled by technology, in wider geography to include North region. Innovation
pipeline for a steady stream of potential market winners is under development to further
build on the success of Anti Dust, Air 360 and Mini Crest Pumps. Organisation development
is the prime focus of our efforts and this is reflected in institutionalising of gains in cost
efficiency, supply chain processes, product innovation and channel development.”

About Crompton:
Crompton is India’s market leader in fans, No. 1 player in residential pumps and has leading
market positions in its other product categories. The Company manufactures and markets a
wide spectrum of consumer products, ranging from fans, lamps and luminaries to pumps and
household appliances such as water heaters, mixer grinders and irons. The Company has
strong dealer base across the country and a wide service network offering robust after sales
service to its customers.