Household Appliances company Crompton Greaves Consumer Electricals announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Highest ever quarterly standalone revenue at Rs 1,797 crore (12% YoY growth) and robust EBIT margin of 11.5% (12.3% adj for EPR) Consolidated revenue for the quarter at Rs 1,961 crore and EBIT at Rs 169 crore FY24 Financial Highlights: Standalone revenue at Rs 6,388 crore (10.0% YoY growth); EBIT margin at 9.8% Strong OCF generation of Rs 796 crore with 130% PBT conversion ratio (vs 72% last year) Consolidated revenue at Rs 7,313 crore; EBIT at Rs 585 crore The Board has recommended a dividend of Rs 3 per share Commenting on the CGCEL’s performance, Promeet Ghosh, MD & CEO, said, “We launched Crompton 2.0 in June’23 which outlined our renewed focus towards accelerating revenue growth which is progressing well and translating into healthy margins. We delivered strong performance in ECD with double-digit growth for the third consecutive quarter with robust improvement in industry leading EBIT margins. The lighting business is showing signs of stabilization with revenue growth in H2 despite price erosion. We expect the intense summer season and uptick in demand for home & kitchen appliances to support the growth momentum while we continue to investment in growth initiatives.” Result PDF