Crompton targets 2x revenue by FY31 on expansion

Crompton Greaves Consumer Electricals Ltd (

) has laid out its "Crompton 2.0" growth strategy, aiming to double its revenue by FY31 while targeting a 14 to 15 percent revenue CAGR through FY29. The company expects its total addressable market to expand from Rs 80,000 crore to Rs 1,60,000 crore as it enters new categories like wires, solar products, and water purifiers. To support this expansion, Crompton is focusing on premiumisation and scaling up new product launches. Revenue from recently introduced products grew from Rs 660 crore in FY24 to Rs 1,440 crore in FY26, bringing their overall revenue contribution to nearly 17 percent. Core categories are seeing structural shifts, with the company targeting a 30 percent premium contribution in fans by FY31 and pushing higher margin design-led lighting solutions. Additionally, its Butterfly business has posted an EBITDA margin recovery to 8.1 percent from 2.9 percent in FY24, generating Rs 130 crore in cash over the past ***** the market addressability expansion and margin targets above 12 percent by FY31 provide a clear growth framework, the headline targets rely heavily on execution across unproven verticals. Managing simultaneous rollouts in competitive markets like wires and water purifiers alongside new product development targets—ranging from 18 to 29 percent across categories—presents operational risks. Until execution efficiency and revenue contribution from these new categories reflect consistently in financial performance, near-term earnings may face ***** the focus on multi-category scaling, the medium-term outlook depends on execution capabilities rather than immediate quarterly ***** Research, Stock In News, Fundamental Views Disclosure:The post is for educational purposes only and not investment advice. Securities markets are subject to market risks; read all related documents carefully before investing.