Crompton Greaves Share Price: Q2 FY27 Profit Up 65%

Crompton Greaves Share Price: Q2 FY27 Results, Profit, Segments and Margins Explained

Crompton Greaves Consumer Electricals reported a consolidated net profit of ₹124.39 crore for Q2 FY27 (July–September 2026), up 64.9% from ₹75.42 crore a year earlier, as revenue from operations rose 18.2% to ₹2,263.29 crore, Free Press Journal reported on October 16, 2026. The Crompton share price closed flat at ₹215.50 on NSE that day.

A 65% profit jump sounds dramatic. Yet the stock ended the day unchanged and sits close to its 52-week low. The reason lies in how much of that growth is real operating improvement and how much is a low base.

Key Takeaways

• Revenue: ₹2,263.29 crore, +18.2% YoY and +1.3% QoQ.
• Net profit: ₹124.39 crore, +64.9% YoY but −12.8% QoQ.
• EBITDA margin: 9.0%, up 40 basis points YoY.
• GoPocket analysis: excluding last year's ₹20.36 crore one-time charge, pre-tax profit grew about 36%, not 63%.
• The stock closed at ₹215.50, just 7% above its 52-week low of ₹201.10.

What Did Crompton Report for Q2 FY27?

Source: Free Press Journal, October 16, 2026, based on the company's regulatory filing.

GoPocket Analysis: How Much of the 65% Growth Is Real?

A big chunk of the headline growth comes from the base. In Q2 FY26, Crompton booked a ₹20.36 crore exceptional charge, which Investing.com's summary of the investor presentation links to restructuring of its Baroda plant. That charge depressed last year's profit.

Compare like with like by using profit before exceptional items:

• Q2 FY27: ₹166.93 crore
• Q2 FY26: ₹122.56 crore
• Growth: (166.93 ÷ 122.56) − 1 = about 36.2%

That is still healthy and well ahead of 18% revenue growth, which shows real operating leverage. But it's roughly half the 63% headline jump in reported pre-tax profit. Profit also fell 12.8% from the June quarter, which is typical as summer demand for fans and coolers fades, but it explains why the market didn't treat the quarter as a breakout.

Which Segments Drove Growth?

All three segments grew revenue at double digits, but profitability moved differently across them.

Segment revenue and EBIT from the Investing.com presentation summary. *EBIT margin is a GoPocket calculation (segment EBIT ÷ segment revenue).

The standout is lighting. Revenue grew 14.3%, yet segment profit fell 5%. That suggests pricing pressure or higher costs in lighting, a category known for intense competition. Electric consumer durables, which includes fans, pumps and appliances, did the heavy lifting.

Is Growth Coming From Volume or Price Hikes?

Some of it is price. The presentation summary says Crompton raised prices by 15–16% across most lines over six months and passed on about 80% of commodity inflation. Material cost fell to 29.8% of net sales from 31.6%.

Here's why that matters. If most product prices are up 15–16% and revenue is up 18%, then the volume growth underneath is likely much smaller than the headline. That's our interpretation; the company didn't disclose a separate volume figure. Price-led growth can slow quickly if consumers push back or competitors don't follow.

Why Is the Crompton Share Price Near Its 52-Week Low?

The stock closed at ₹215.50 on October 16, 2026, after swinging between ₹204.10 and ₹220.65 during the day, NSE data shows. Its 52-week high was ₹310.50 on May 15, 2026, and its 52-week low was ₹201.10 on October 1, 2026.

• Distance from 52-week high: about −30.6%
• Distance from 52-week low: about +7.2%

The wide intraday range on results day shows the market was divided. Investors appear to be weighing strong revenue growth against concerns such as lighting margins, sequential profit decline and commodity costs. Results alone don't guarantee a price turnaround.

What Is Management Targeting?

According to the Investing.com summary, Crompton's medium-term targets include:

• Double-digit revenue growth over time.
• EBITDA margin of 11–12% by FY29, versus 9.0% now.
• New businesses contributing 14–15% of revenue in the long term, from about 10% now.
• Annual capex of about ₹120 crore (excluding a greenfield plant under evaluation).

Getting from 9% to 11–12% EBITDA margin would require about 200–300 basis points of improvement in roughly two and a half years. That's ambitious, which is why quarterly margin trends deserve close attention.

How Does Crompton Compare With Peers?

Investors tracking consumer electricals can compare Crompton with Havells India, V-Guard Industries, Bajaj Electricals, Symphony and Blue Star on GoPocket. Product mix differs significantly across these companies, so direct margin comparisons need care.

What Are the Key Risks?

• Commodity costs: Copper, aluminium and steel prices directly affect margins.
• Lighting competition: Segment profit fell despite higher sales.
• Price-led growth: Revenue growth may slow if price hikes stop sticking.
• Seasonality: Fans and pumps depend on summer and monsoon patterns.
• Execution: Hitting an 11–12% EBITDA margin target by FY29 is not assured.

What Should Investors Watch Next?

• Lighting segment profitability in Q3 FY27.
• EBITDA margin progress toward the FY29 target.
• Solar pump demand under PM-KUSUM 2.0, which management expects to improve in Q3.
• Festive-season inventory and working capital, which rose this quarter.

Sources

• Free Press Journal, Crompton Greaves Q2 FY27 Net Profit Rises 65% To ₹124.39 Crore, October 16, 2026
• Investing.com, Crompton Q2 FY27 slides: 18% revenue growth, margin expansion, October 16, 2026
• BW Businessworld, Crompton Greaves Consumer Electricals Q2 Profit Rises 65% To Rs 124 Cr, October 2026
• NSE bhavcopy data for CROMPTON, October 16, 2026

Disclaimer: This article is for information and educational purposes only. It is not a recommendation to buy, sell or hold any security. Calculations labelled as GoPocket analysis are based on reported figures and may differ from company-defined metrics. Consult a SEBI-registered investment adviser before investing.