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Crompton targets to almost double revenue at ₹15,000 crore by FY31

ICICIdirect Research 19 Aug 2026 DISCLAIMER

News: As per media sources, Crompton targets to almost double revenue at ₹15,000 crore by FY31 (implying ~13% CAGR), driven by premiumisation and new categories. Management is focusing on premiumisation of the existing portfolio (fans esp. BLDC, pumps, lighting, water heaters, coolers and kitchen appliances) and scaling newer segments such as solar pumps, wires, smart & connected products and water purifiers. The company stated it has doubled its TAM to ₹ 1.6 lakh cr with newer segments. Also, Crompton Rhion, its newly launched super-premium brand, is expected to support premiumisation through technology-led and design-focused products across multiple categories.

View: Near to doubling revenue to ₹15,000 crore by FY31 implies a 13.1% CAGR over FY26–FY31, broadly in line with management’s ambition of sustaining double-digit growth. Crompton has expanded into newer categories such as solar rooftops, solar pumps, wires and other adjacencies, which has nearly double its addressable market. Part of these products shall leverage its existing distrubution network. Further, most of these segments are expected to margin accretive which shall enable to deliver double digit EBITDA margin. Besides, in existing categories, BLDC fans and premiumisation across other products shall aid topline growth and margins.

Impact: Positive

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