Crompton Greaves Consumer Electricals Limited

Consolidated Results for Quarter Ended September 2020

Q2FY21: Steady growth recovery combined with cost efficiency programs result in

revenue growth of 13% and EBIT growth of 50%

Declares interim dividend of Rs. 3/- per share

Mumbai, October 22, 2020: The Board of Directors, at its meeting held on 22^nd October 2020 approved the results of the Company for the quarter ended 30^th September 2020. Total Income for the quarter was Rs. 1,213 Crs., a growth of 13% year on year (y-o-y). Electrical Consumer Durables segment grew by 18%, driven by strong performance in all segments. Lighting business continued on its recovery path on the back of strong volume growth in LED products. The actions taken to reduce costs and improve mix in lighting have helped deliver double digit margins of 11.7%.

Profit Before Tax for Q2FY21 was at Rs 189 Crs, up by 50%. PBT margin increased from 11.8% in Q2 FY20 to 15.6% in Q2FY21.

The Board has declared an Interim Dividend of Rs. 3/ per share.

Commenting on the Quarter results, Company’s Managing Director Shantanu Khosla said “We continue to remain focused on the health and well-being of our employees and our partners. All segments of our business have continued to recover through the quarter. Our GTM investments are resulting in increased distribution across traditional and alternate channels. Market share continues to grow behind an accelerated innovation program. Our cost reduction program continues to deliver strong results driving bottom line faster than top line.”

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, coolers, mixer grinders and irons. The Company has strong dealer base across the country and wide service network offering robust after sales service to its customers.