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Crompton's durables business on track, but Butterfly lags
Mint Mumbai
|November 26, 2024
Crompton Greaves Consumer Electricals Ltd's shares have gained 9% since its September quarter results (Q2FY25) were released around mid-November. Consolidated gross margin expanded year-on-year, pushing Ebitda growth to 16.5%, ahead of 6% revenue growth.
This could be exciting for investors, coupled with the fact that Crompton's electric consumer durables (ECD) business saw double-digit revenue growth for the fifth straight quarter. ECD revenue rose by 12.5% in Q2 to ₹1,393 crore or 73% of consolidated revenue. This was led by 26% and 20% growth in appliances and pumps, respectively.
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