Crompton Greaves Consumer Electricals Ltd. · NSE:CROMPTON
Crompton Greaves Consumer Electricals — Q1 FY25 Earnings Presentation
31 slides from Crompton Greaves Consumer Electricals's earnings presentation, Jul 31, 2024
Slide 1: Investor Presentation filing cover letter to stock exchanges
Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1st Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai - 400 070.India T: +91 22 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in CIN: L31900MH2015PLC262254 Email: crompton.investorrelations
Slide 2: Q1 FY25 Investor Presentation
Q1 FY25 Investor Presentation 31 July 2024 st
Slide 3: Disclaimer
Disclaimer This presentation does not constitute an offer from Crompton Greaves Consumer Electricals Ltd. or any of its affiliates (“Crompton”) to any party and the information contained herein will not form the basis of any contract. Neither Crompton nor any of their respective affiliates, sharehol
Slide 4: Index
Crompton 2.0 Environment Scan Q1 FY25 Performance Index Financial Statements ESG Performance
Slide 5: Crompton 2.0
Crompton Crompton 2.0
Slide 6: Crompton 2.0 continues to deliver results: standalone revenue growth of 18.2% YoY
Crompton 2.0 continues to deliver results: Strong double-digit Standalone Revenue growth of 18.2% YoY with EBIT Margins at 14.9% (excl. A&P spends) Standalone revenue growth % (YoY) 18.2% 15.2% 10.9% 12.0% 3.1% Introduction of Crompton 2.0 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 delivering strong re
Slide 7: Industry leading ECD revenue growth and robust EBIT margins; Lighting turnaround underway
Crompton 2.0 continues to deliver results: Industry leading ECD Revenue growth and robust EBIT margins; Lighting turnaround underway ECD revenue growth of 20.8% YoY; Lighting revenue growth remained flat at 1.9% YoY; Strong ECD EBIT margin of 19.8% (excl. A&P spends), EBIT margin at 11.3% (excl. A&P
Slide 8: Crompton 2.0: Key tenets to drive future growth
Crompton 2.0: Key tenets to drive future growth Crompton 2.0 Enabled & empowered organization Crompton 1.0 Consumer need led innovation Pole position in core categories Premiumization of the portfolio XXXX Successful foray into the kitchen Supply chain excellence (quality, cost) Innovation capabilit
Slide 9: Crompton 2.0: Q1 Update
Crompton 2.0: Q1 Update 1 2 3 4 Premiumization GTM excellence Brand Investments Innovation ▪ Improvement in premium ▪ E-com delivered Rs. 100 Cr+ ▪ Launched multimedia ▪ 2 patents filed in cooling saliency of Large Domestic for 4th consecutive quarter; campaign on Crompton technology and kitchen App
Slide 10: Environment Scan
Crompton Environment Scan
Slide 11: Current macroeconomic environment: FY25 GDP growth estimated at 7.2%
Current macroeconomic environment: FY25 GDP growth estimated at 7.2% and inflation estimated at 4.5%; Pick up in consumer durables output & demand Private Consumption, the largest component of GDP (~55-60%), Household consumption expenditure towards consumer durables has witnessed improvement goods
Slide 12: Quarter Highlights
Crompton Quarter Highlights
Slide 13: Q1 Highlights: Highest ever standalone revenue driven by double-digit ECD growth
Q1 Highlights: Highest ever Standalone Revenue at Rs. 1,956 Cr driven by robust double-digit growth in ECD by 21% YoY 1 Highest-ever quarterly standalone revenue at Rs. 1,959 Cr, strong growth of 18% YoY • Industry leading ECD revenue growth of 21% YoY with broad based performance across categories
Slide 14: Crompton (Standalone) Segment Performance
Crompton (Standalone) Segment Performance Rs. Cr Segment Revenue Q1 FY25 Q1 FY24 YoY Q4 FY24 QoQ ECD 1,727 1,429 21% 1,516 14% Lighting 233 228 2% 281 -17% Rs. Cr Segment EBIT Q1 FY25 Q1 FY24 YoY Q4 FY24 QoQ ECD EBIT 259 182 42% 253 2% EBIT % 15.0% 12.7% 230 bps 16.7% -170 bps Lighting EBIT 21 27 -2
Slide 15: Crompton Performance
Crompton Crompton Performance
Slide 16: ECD performance: industry leading growth of 21% YoY
ECD performance: Industry leading growth in ECD by 21% YoY driven by broad based performance across categories; EBIT margin improvement by 230 bps YoY to 15.0% Performance Highlights 1 Fans: Robust growth driven by seasonality and continued momentum in TPW Fans Revenue (Rs. Cr) o Pricing actions led
Slide 17: Lighting performance: revenue flat with B2B improvement; B2C decline
Lighting performance: Revenue remained flat with improvement in B2B segment; decline in B2C segment continued due to industry-wide price erosion Performance Highlights Revenue (Rs. Cr) 1 Lighting Revenue growth at 2% YoY ❑ B2C segment: o Price erosion continues to impact B2C; witnessed double-digit
Slide 18: Marketing: Multiple marketing activities in Q1 to strengthen brand awareness
Marketing: Multiple marketing activities in Q1 to strengthen brand awareness Fans Campaign Engagement on Social Platforms 100K+ Impressions 78K+ Impressions 47K+ Impressions 60% reach @5+ freq. in key High Visibility Billboards across 100+ sites and 11K+ participants and 4.5L+ reach on all social me
Slide 19: New product launches in Q1
New product launches in Q1 Amica Pro (10/15/25L) Solarium Clx (10/15/25L) Delphinus and Aquilla Superior Glassline Coated Smart Energy Management, Energy efficient high bay Premium Tank, Smart exhaust Energy Energy Efficient, Anti-Rust luminaire for Trade and fan Polybond Management, Nano Industrial
Slide 20: Butterfly Performance
Crompton Butterfly Performance
Slide 21: Butterfly Performance: revenue of Rs. 182 Cr and EBITDA of 5.1%
Butterfly Performance: Recorded revenue of Rs. 182 Cr and EBITDA of 5.1%; improvement in profitability and focus on continued enhancement Performance Highlights Revenue (Rs. Cr) 1 ❑ Several initiatives are being undertaken to strengthen business fundamentals including actions on price and product la
Slide 22: Financial Performance
Crompton Financial Performance
Slide 23: Standalone Q1 FY25 Financial Performance
Crompton Standalone Q1 FY25 Financial Performance: Revenue growth of 18% YoY with robust EBITDA margins at 11.4% Rs. Cr Particulars Q1 FY25 Q1 FY24 Y-o-Y Q4 FY24 Q-o-Q Q1 Highlights Net Sales 1,959 1,657 18% 1,797 9% ▪ Broad based performance across Less: Material Cost 1,347 1,171 15% 1,221 10% cate
Slide 24: Consolidated Q1 FY25 Financial Performance
Crompton Consolidated Q1 FY25 Financial Performance: Strong performance with Revenue growth of 14% YoY and EBIT growth of 24% YoY Rs. Cr Particulars Q1 FY25 Q1 FY24 Y-o-Y Q4 FY24 Q-o-Q Net Sales 2,138 1,877 14% 1,961 9% Less: Material Cost 1,456 1,298 12% 1,335 9% Material Margin 682 579 18% 626 9%
Slide 25: ESG Performance
Crompton ESG Performance
Slide 26: ESG Performance: Energy Efficiency Improvements
ESG Performance: Energy Efficiency Improvements Ceiling Fan Product Energy Intensity Reduction 40% & 53% Energy Efficiency Improvement Against Baseline 80 Base – 75 Watt of Conventional Fan. 70 75 27% 40% 53% Specific Power in Watt 60 50 55 Further Helps to Reduce 40 45 Emission Impact. 30 35 20 10
Slide 27: ESG Performance: Renewable Energy Based Products
ESG Performance: Renewable Energy Based Products Solar Water Pump • Introduced Solar Water Pumps for Agricultural & Residential Application. • Online Monitoring System Established For Solar Pump Performance Tracking. • All Operational Pumps Connected to Dashboard. • Performance Parameter Continuousl
Slide 28: CSR Initiatives
CSR Initiatives In FY 23-24 Water Conservation 40,000+ lives touched 588 TCM of potential water storage created Increase availability of water We will continue to, and promote sustainable Engage 100+ women self group in water budgeting agriculture practice Reduce dependency on tanker water Increase
Slide 29: Key Strategic Tenets
Crompton Key Strategic Tenets
Slide 30: Continued to focus on Crompton 2.0
Continued to focus on Crompton 2.0 Crompton 2.0: Accelerated growth at healthy margins to deliver strong TSR Protect and grow Transform Foray into new Win in the Kitchen the core Lighting business segments • Fans: Strengthen the core & • Small domestic appliances: • Product innovation & positioning
Slide 31: Registered Office and contact details
Registered Office: Crompton Greaves Consumer Electricals Limited, Equinox Business Park, 1st Floor, Tower 3, LBS Marg, Kurla (W), Mumbai - 400070, Maharashtra, India +91 22 6167 8499 For any query, please write us at: crompton.investorrelations@crompton.co.in Connect with us on www.crompton.co.in
Crompton Greaves Consumer Electricals — Q1 FY25 Earnings Presentation on 6ix