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Crompton Greaves Consumer Electricals is currently trading at Rs. 313.40, up by 4.15 points or 1.34% from its previous closing of Rs. 309.25 on the BSE. The scrip opened at Rs. 309.90 and has touched a high and low of Rs. 314.00 and Rs. 308.95 respectively. So far 119336 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 428.80 on 13-Sep-2022 and a 52 week low of Rs. 251.25 on 26-Apr-2023. Last one week high and lo...
Crompton Greaves Consumer Electricals surges on securing landmark solar pumps work order
Crompton Greaves Consumer Electricals is currently trading at Rs. 304.25, up by 4.30 points or 1.43% from its previous closing of Rs. 299.95 on the BSE. The scrip opened at Rs. 300.25 and has touched a high and low of Rs. 304.50 and Rs. 299.45 respectively. So far 31985 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 428.80 on 13-Sep-2022 and a 52 week low of Rs. 251.25 on 26-Apr-2023. Last one week high and low...
Crompton Greaves Consumer Electricals surges on launching Solarion range of Garden & Gate Lights
Strategy 2.0 – To focus on absolute profit growth instead of margins Crompton has done key fundamental changes to its business under strategy 2.0 which are likely to be DCF accretive in our view. (1) it plans to divide the business in multiple SBUs which will likely drive the accountability and improve efficiencies, (2) there will be separate on-ground sales teams for multiple product(s). It is likely to result in stronger connect with the trade and higher throughput-per-store, (3) C...
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.350 - ICICI Securities Ltd
Revenue flat; Crompton 2.0 to lift performance Crompton Greaves Consumer Electricals Ltd. (Crompton) is an Indian consumer electric product company. * In Q1FY24, revenue was flat YoY at Rs. 1,877cr, as growth in the electric consumer durables segment was partially offset by declines in the lighting segment and its subsidiary, Butterfly Gandhimathi (BGAL). * EBITDA fell 15.5% YoY to Rs. 186cr and EBITDA margin contracted 190 bps YoY to 9.9% during the quarter, owing to higher advertis...
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.362 - Geojit Financial Services
Crompton Greaves Consumer reported another muted quarter, logging only 1% YoY revenue growth owing to the 6% growth in ECD being offset by the decline of 13% in Lighting and of 14% in BGAL. ECD growth was led by premium Fans (22%) and Appliances (19%). Margins, however, dipped due to higher cost of BEE-compliant fans, increased A&P spends for brand-building and loss in builtin kitchen appliances. Cost initiatives led to expansion of margin in Lighting (by ~310bps), despite the decline in ...
Buy Crompton Greaves CE Ltd For Target Rs.336- emkay global financial services limited
We believe Crompton reported stable performance in Q4FY23 considering (1) there was weak demand for white goods and durables due to steep inflationary pressures, (2) unseasonal rains impacted the off-take of fans and coolers in North India and (3) there was transition in fans to BEE norms from Jan’23. We also remain enthused by market share gains in premium fans and water heaters. We believe market share gains in fans and synergy benefits post-merger of Butterfly will likely be key trig...
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.325 - ICICI Securities
After a series of disappointments, Crompton’s 4QFY23 print surprised positively with consolidated revenue growth of 16% YoY/+18% QoQ (+10% 4-year CAGR; 14% above JMFe), led by 8% growth in the ECD business and Butterfly Gandhimathi’s consolidation (BGAL; acquired in Mar’22). Fans volume/value was flat YoY on account of BEE rating transition, which was more than offset by 42% YoY growth in appliances. Lighting segment, on the other hand, remained under pressure (-12% YoY) giv...
Hold Crompton Greaves Consumer Electricls Ltd For Target Rs.280 - JM Financial
ECD segment drives topline growth… About the stock: Crompton Greaves Consumer (CGCEL) is among India’s leading fast moving electrical goods (FMEG) companies, present in electrical consumer durables (~69% of revenue) and lighting businesses (~16% of revenue). CGCEL acquired Butterfly Gandhimathi Appliances, which contributes ~15% to revenue. * Market leader in the domestic fan industry with value market share of 29%. The company has enhanced focus on increasing market share ...
Hold Crompton Greaves Consumer Electricals Ltd For Target Rs.295 - ICICI Direct
Crompton Greaves Consumer Electricals is currently trading at Rs. 276.30, up by 0.85 points or 0.31% from its previous closing of Rs. 275.45 on the BSE. The scrip opened at Rs. 277.95 and has touched a high and low of Rs. 277.95 and Rs. 274.95 respectively. So far 14845 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 428.80 on 13-Sep-2022 and a 52 week low of Rs. 251.25 on 26-Apr-2023. Last one week high and low...
Crompton Greaves Consumer Electricals inches up on launching Mini Master Plus Pump
Indian home appliances company Atomberg Technologies on Monday said it has raised $86 million in a fresh funding round, led by Singapore's Temasek Capital and India-focused asset manager Steadview Capital Management LLC. "With this round of fundraising, our focus is on enhancing product development and improving our product suite," Chief Executive Manoj Meena said in a statement. Atomberg did not immediately respond to Reuters' request for comment on its current valuat...
India`s Atomberg Technologies raises $86 million in fresh funding SOURCE
CROMPTON has announced a major change in leadership with appointment of Mr Promeet Ghosh as new MD & CEO for a period of five years with effect from May 1, 2023. Current MD, Mr Shantanu Khosla has been elevated as Executive Vice Chairman for a period of one year (from May 1, 2023 to April 30, 2024), thereafter he will serve as Non?Executive Vice Chairman till December 31, 2025. The current CEO, Mr Mathew Job has resigned with effect from April 30, 2023 to pursue other career interest. The...
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs. 305 - Centrum Broking
The exits by private equity investors as well as the senior management of Crompton Greaves (Crompton) raise concerns related to continuation of its business strategy which may result in lower valuation multiples, we believe. Promeet Ghosh, new MD & CEO, has articulated his strategy as (1) driving sustainability, (2) innovation and digitisation and (3) investments in branding. While he is associated with the company since 2016, we have concerns regarding his expertise in running a durabl...
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.260 - ICICI Securities
Crompton Greaves Consumer (Crompton) announced, over the weekend, the proposed scheme of amalgamation (merger) of its subsidiary Butterfly Gandhimati (Butterfly) with itself through share swap (22 shares of Crompton for every five shares in Butterfly; c.3% dilution to the current share count), subject to various regulatory and shareholders approvals. While it refrained from quantifying the merger benefits, it stressed upon various synergies on revenue (distribution/brand/GTM marketing), direc...
Buy Crompton Greaves Consumer Electricls Ltd For Target Rs.435 - JM Financial
CROMPTON’s consolidated sales were at Rs15.2bn, while standalone sales ex-Butterfly fell 10% YoY to Rs12.6bn. While consumer demand was weak, CROMPTON refrained from channel filling of non-rated fans, leading to a decline in ECD revenue by 7% YoY to Rs10.2bn. Lighting sales fell 20% YoY to Rs2.5bn with weakness in both B2C and B2B business. Consolidated gross margin was healthy at 32.5% while EBITDA margin was at 10.1%, below our/consensus estimate of 12.5% each. Margin was affected due...
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.445- Centrum Broking
Crompton Greaves Consumer Electricals is currently trading at Rs. 295.20, up by 2.75 points or 0.94% from its previous closing of Rs. 292.45 on the BSE. The scrip opened at Rs. 299.95 and has touched a high and low of Rs. 302.05 and Rs. 291.60 respectively. So far 61304 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 428.80 on 13-Sep-2022 and a 52 week low of Rs. 278.10 on 20-Mar-2023. Last one week high and low...
Crompton Greaves jumps on proposing merger with Butterfly
Healthy volume revival SIL’s volumes grew by a healthy 51% YoY (+31% QoQ) while realisation declined 21% YoY (-10% QoQ). Decline in QoQ price realization was led by plastic piping system. We believe this could possibly be because of higher contribution of agri pipes during the quarter. Healthy volume revival is in-line to what we had indicated in our last channel check note – lower PVC/PP/LDPE prices will create a conducive environment for growth. EBITDA margins improved sequen...
Buy Supreme Industries Ltd For Target Rs. 2,838 - Centrum Broking
Tepid quarter, Growth metrics to revive Crompton Consumer (Crompton) had a tepid quarter largely due to transition of Fans business to the new BEE norms impacting ECD segments (-7% YoY) while Appliances delivered growth with strong momentum. However, weakness was seen across lighting (-21% YoY) and pumps business. Overall revenues at Rs.15.2bn grew 7.5% YoY. Despite lower scale and inflationary pressures, gross margins were relatively resilient and improved 90bps yoy/ 40bps qoq to 32.5%. B...
Buy Crompton Greaves Consumer Electricls Ltd For Target Rs.394 - LKP Securities
Crompton Greaves Consumer Electricals Limited (Crompton) has a leadership position in core categories, strong brand recall, wide-spread distribution network and a track record of product innovation and premiumization. This has been aided by a strong focus on investments in brand, products, and distribution. Its recent acquisition of Butterfly Gandhimati (BGAL) is positive from the medium to long term and sets the stage for its next leg of growth. We expect its proven capability in portfolio p...
Buy Crompton Greaves Consumer Electricls Ltd For Target Rs.485 - LKP Securities Ltd
Market share gains to continue 80+ year old brand and a pan-India footprint: Crompton is amongst India’s leading consumer electrical companies present in the Electrical Consumer Durables (ECD) and Lighting segments. It manufactures and distributes a diverse range of consumer products ranging from Fans, Pumps and Appliances (Water Heaters, Air Coolers, Mixer Grinders, Iron, Other Small Domestic Appliances) in the ECD segment and a complete range of lighting products. Dominant playe...
High Convection Idea : Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.516 - Religare Broking
Butterfly aids revenue growth YoY Crompton Greaves Consumer Electricals Ltd. (Crompton) is a Mumbai-based electrical equipment company. Its products include lighting and electrical consumer durables such as LED lighting and fans; pumps; and household appliances such as water heaters, air coolers, and kitchen appliances. * Crompton’s consolidated revenue grew ~22.7% YoY (-8.8% QoQ) to Rs. 1,700cr in Q2FY23, aided by revenue from recently acquired Butterfly Gandhimathi Appliances (&...
Accumulate : Crompton Greaves Consumer Electricals Ltd For Target Rs.400 - Geojit Financial Services Ltd
Synergy opportunity with BGA to drive growth Revenue growth led by BGA: Crompton reported its Q2 revenue at Rs 1,700 Cr registering a growth of 22.7% YoY, mainly due to acquisition of BGA. Amongst segments, Electric consumer durables which accounts for major portion of the total revenue saw a de-growth of 3.1% YoY, whereas its lighting products declined by 6.5% due to muted demand in conventional lighting business. Impacted Margins: The Company reported its gross profit at Rs ...
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.516 - Religare Broking
Result Synopsis Crompton has reported marginally lower than expected revenue with ECD and Lighting segment declining 3% and 7% respectively. Decline in ECD was on back of high base subdued demand environmentfor Fans which were marred by high inflationary environment and destocking by channel as it is moving towards BEE ratings. Gross margins at 32% have come back to its normalized levels, while operating margins were lower as company continues to invest in its longterm strategic initiative...
Buy Crompton Greaves CE Ltd For Target Rs.465 - Yes Securities
Crompton Greaves is currently trading at Rs. 406.20, up by 4.20 points or 1.04% from its previous closing of Rs. 402.00 on the BSE. The scrip opened at Rs. 400.00 and has touched a high and low of Rs. 407.40 and Rs. 391.05 respectively. So far 94540 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 503.05 on 01-Oct-2021 and a 52 week low of Rs. 312.05 on 17-Jun-2022. Last one week high and low of the scrip stood a...
Crompton Greaves trades higher on the BSE
Crompton Greaves is currently trading at Rs. 401.65, up by 8.80 points or 2.24% from its previous closing of Rs. 392.85 on the BSE. The scrip opened at Rs. 396.05 and has touched a high and low of Rs. 404.90 and Rs. 396.05 respectively. So far 11731 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 503.05 on 01-Oct-2021 and a 52 week low of Rs. 312.05 on 17-Jun-2022. Last one week high and low of the scrip stood a...
Crompton Greaves soars on getting nod to sell 6% stake in Butterfly Gandhimathi Appliances
Business Overview Crompton is our top pick in the Consumer Electrical sector due to (1) Strong margin sustenance capabilities through cost savings (2) Synergies from Butterfly takeover and (3) scale-up in newly entered built–in kitchen appliances space and and (4) favorable valuations. Target of Rs465 based on 40x FY24E EPS. Key investment rationale * CROMPTON is a strong financial franchise with a robust track record of product innovation, market share gains, a...
High Conviction Idea : Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.465 - Centrum Broking
Decent quarter, marred by one-offs Crompton’s 1QFY23 revenue grew at a 3-year CAGR of 11% (+77% YoY on a low base and 12% above JMFe) on a consolidated basis led by a) 8% 3-year CAGR in the ECD portfolio b) B2C LED growth of 82% led by battens and panels, and c) consolidation of Butterfly (BGAL) post acquisition. The pumps segment continued to be under pressure while the weak B2B/B2G portfolio offset B2C LED growth. Although Crompton continued to deliver industry leading superior mar...
Buy Crompton Greaves CE Ltd For Target Rs.530 - JM Financial Institutional Securities
Mixed performance; category expansion to strengthen portfolio * Q1FY23 standalone revenues came in 6% below our estimates, with ECD/Lighting missing by 5%/12%. Despite commodity headwinds, standalone GM expanded by 100bps qoq to 30.7%. (Note that consolidated numbers include first full quarter of Butterfly consolidation.) * Volume growth (ex-pumps) was 5% on a 3-yr CAGR basis, partially impacted by the inflationary scenario. Higher employee costs, including non-recurring items, suppress...
Buy Crompton Greaves CE Ltd For Target Rs.435- emkay global financial services limited
New avenues to aid growth; Margins to improve from Q2FY23 CROMPTON’s consolidated Q1FY23 revenue stood at Rs18.6bn (Q1FY20?23 CAGR at 11.4%) and was higher than our estimate of Rs17.2bn. Gross margin improved QoQ by 150bps to 31.4%. While commodity prices started softening from end?May, its benefit would likely accrue from Q2FY23. EBITDA stood at Rs2.2bn (Q1FY20?23 CAGR at 4.6%) leading to EBITDA m...
Buy Supreme Industries Ltd For Target Rs.465- Centrum Broking
* Crompton is among the consistent performer within the consumer electrical pack. In the last leg of the major upswing, it surged almost vertically from the low of 174 to a new record high of 512.8 in September 2021. * After the sharp surge, it retraced to the major support zone of long term moving average(200 EMA) on the weekly chart and formed a reversal pattern. And, it finally witnessed a breakout from the same in July 2022 and currently forming a higher base while holding firmly above...
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.450 - Religare Broking
Market share gains along with entry in new product category to be key drivers; maintain BUY To Read Complete Report & Disclaimer Click Here Please refer disclaimer at https://yesinvest.in/privacy_policy_disclaimers SEBI Registration number is INZ000185632 Above views are of the author and not of the website kindly read disclaimer
Buy Crompton Greaves CE Ltd For Target Rs.492 - Yes Securities
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.504 Crompton has largely maintained its profitability in a tough year (FY22), maintaining healthy revenue growth and market shares in almost all segments. Its timely price hikes, improvement in revenue mix and cost-saving initiatives (Rs2.03bn via project Unnati) were chief reasons for retaining profitability. While ECD business grew in mid-teens during the year, decline in B2G lighting dragged the overall lighting revenue growth....
Buy Crompton Greaves Consumer Electricals - Annual report analysis: Focus on maintaining growth as well as margins By ICICI Securities
Robust margin profile sustained despite cost inflation CROMPTON’s Q4FY22 consolidated sales grew 2% YoY to Rs15.5bn, 9% below our estimate. Jan’22 sales were impacted by Omicron but Feb-Mar’22 sales grew in double digits across categories. CROMPTON continues to manage gross margin better than peers, despite high commodity cost inflation, as it fell only 90bps YoY to 29.9%. Gross margin was supported by cost savings through Project Unnati (Rs680mn in Q4FY22), premiumizatio...
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.475 - Centrum Broking
Expansion through acquisition… About the stock: Crompton Greaves Consumer (CGCEL) is among India’s leading fast moving electrical goods (FMEG) companies, present in electrical consumer durables (78% of revenue) and lighting businesses (22% of revenue Market leader in the domestic fan industry with value market share of 27%. The company has enhanced focus on increasing market share in home appliances categories like (air coolers, water heater and kitchen appliances) Robus...
Hold Crompton Greaves Consumer Ltd For Target Rs.465 - ICICI Direct
Crompton Greaves Consumer Electricals is currently trading at Rs. 388.95, up by 10.35 points or 2.73% from its previous closing of Rs. 378.60 on the BSE. The scrip opened at Rs. 385.40 and has touched a high and low of Rs. 396.35 and Rs. 377.20 respectively. So far 55725 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 512.05 on 16-Sep-2021 and a 52 week low of Rs. 350.35 on 23-Apr-2021. Last one week high and lo...
Crompton Greaves Consumer Electricals climbs on signing agreements to acquire stake in Butterfly
The company reported standalone net profit of Rs 148.12 crore for the quarter ended December 31, 2021 as compared to Rs 147.43 crore in the same period last year, registering a year-on-year growth of 0.47 per cent. Net revenue of the company rose moderately by 6.58 per cent at Rs 1,410.19 crore in October-December quarter of this fiscal as against Rs 1,323.13 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 7.15 per cent to Rs 1,208...
Crompton Greaves Con Q3 net profit up 0.47% at Rs 148.12 cr
Focus on improving reach and launch of new innovative products Crompton continued its focus on driving premiumisation, timely price hikes and cost savings to protect its profitability. It gained market share in fans led by strong growth in premium and decorative fans. Revenue of rural and e-commerce channel grew as well. There has been healthy acceptance of newly launched products of the company. The company is dedicated to invest in R&D to launch consumer-centric products to drive pre...
Add Crompton Greaves Consumer Electricals Ltd For Target Rs.504 - ICICI Securities
Strong margin amid challenging scenario… About the stock: Crompton Greaves Consumer (CGCEL) is among India’s leading fast moving electrical goods (FMEG) companies, present in electrical consumer durables (78% of revenue) and lighting businesses (22% of revenue). * Market leader in the domestic fan industry with value market share of 27%. The company has enhanced focus on increasing market share in home appliances categories like (air coolers, water heater and kitchen applia...
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.525 - ICICI Direct
Prioritizing margin protection over growth; underlying demand looks strong; maintain BUY Our view 2Q saw a steady growth with B2C business continuing with low double‐digit growth. Most of this growth was value‐led (a combination of price hikes and premium sales mix) as the company decided to fully pass on the commodity inflation which would have had some impact on growth for the quarter. Unlike industry peers, the company has managed to protect its gross margins despite significant comm...
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.569 - Yes Securities
Derivative Ideas CROMPTON FUT has added around 20% in open interest as fresh short build up was seen in it. Current chart pattern also indicates further down move in its price. We suggest selling CROMPTON OCT FUT as per below levels. Strategy:- Sell CROMPTON OCT FUT@487-489, sloss at 498, trgt 467. To Read Complete Report & Disclaimer Click Here Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registrati...
Buy Crompton Greaves Consumer Electricls Ltd Target Rs. 467 - Religare Broking
Strong investments and growth in Rural and ecommerce channels to continue Crompton continued its focus on rural and e-commerce channels (which doubled revenue contribution from 4% to 9%, YoY). We believe the investments in these two channels will lead to market shares gains for the company. We also note it has stepped-up investments in brand building and R&D. Innovative and premium products are key growth drivers for the company. Working capital investments are likely to normalize in n...
Add Crompton Greaves Consumer Electricals Ltd For Target Rs.504 - ICICI Securities
Strong traction in premium product portfolios… About the stock: Crompton Greaves Consumer (CGCEL) is among India’s leading fast moving electrical goods (FMEG) companies, present in electrical consumer durables (78% of revenue) and lighting businesses (22% of revenue). * Market leader in the domestic fan industry with value market share of 24%. The company has increased focus on increasing market share in home appliances categories like (air coolers, water heater and kitchen...
Buy Crompton Greaves Consumer Ltd For Target Rs.540 - ICICI Direct
Strong FCF with robust balance sheet Crompton’s FY21 Annual Report focuses on the five-dimensional growth strategy adopted over the pandemic-affected year. Launching new products and deepening the reach within existing product categories were among the key focus areas for the year gone by. Here are the key highlights: Push for cost savings program intact: Under Project Unnati, Crompton saw cost savings worth INR1.5b, constituting 3.2% of FY21 sales (~3.1% of sales in...
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.515 - Motilal Oswal
Annual report update: Focus on driving efficiencies across segments Crompton Greaves Consumer (Crompton) is focusing on its 5-dimensional growth strategy comprising investment in: (1) brand excellence, (2) portfolio excellence, (3) go-to-market excellence, (4) operational excellence, and (5) organisational excellence. It continued to introduce premium and differentiated products across all its businesses in FY21 and has saved costs to the tune of Rs1.53bn through its cost excellence progra...
Add Crompton Greaves Consumer Electricals Ltd For Target Rs.477 - ICICI Securities
B2C business continues strong growth momentum with market share gains; maintain BUY Our view 1Q saw strong growth across B2C product categories, while B2B and B2G continuing to face headwinds. On geographical front, North and West recovered first, while East and South were particularly weak. Company has continued with its A&P investments despite demand challenges on back of second wave of pandemic. Company’s focus on distribution and technology has led to improved reach and be...
Buy Crompton Greaves CE Ltd For Target Rs. 578 - Yes Securities
Below is quote on Crompton Consumer Q1FY22 results by Mr. Jyoti Roy - DVP- Equity Strategist, Angel Broking Ltd Crompton Consumer reported a 45.9% yoy growth in revenues to Rs. 1050cr though revenues were down 31.0% QoQ due to lockdowns during the quarter. Gross profits for the quarter increased by 45.0% yoy to Rs. 339.8 crore while gross margins contracted by 19bps yoy to 32.35% though it improved by 150bps qoq. Operating profit for the quarter w...
Quote on Crompton Consumer Q1FY22 results by Mr. Jyoti Roy, Angel Broking Ltd
Market share gains to continue in FY22 Crompton continued to report market share gains across segments in FY21. Chief reasons were (1) Higher focus on E-commerce and rural markets. Crompton reported 86% and 117% revenue growth through E-commerce & Modern Trade and Rural channels, respectively and (2) focus on differentiated launches. While there is steep input inflation, we note Crompton has (1) raised prices to partially pass on inflation and (2) plans to focus on cost saving measures...
Hold Crompton Greaves Consumer Ltd For Target Rs. 413 - ICICI Securities
Strong growth momentum in ECD continues Balance Sheet strengthens further * CROMPTON’s topline came in ~6% higher than our estimate. The beat was driven by higher revenue growth in the ECD segment, with growth across Fans, Pumps, and Appliances. Margin in the Lighting segment continued to revive and stood at double-digits for the third consecutive quarter, with sequential expansion owing to sustained volume and value growth, coupled with cost rationalization. While the management ...
Buy Crompton Greaves Consumer Electrical Ltd For Target Rs. 460 - Motilal Oswal
All round performance... Crompton Greaves Consumer Electrical (CGCEL) continued its growth momentum in Q4FY21 with topline, PAT growth of ~48%, ~144%, YoY, respectively, much ahead of our expectations. The company gained 1% market share in the fan segment during FY21 and retained No. 1 slot in the segment with overall market share of 27%. However, in the near term, CGCEL will witness demand challenges and EBITDA margin pressure due to lockdown, lower operating leverage and sharp rise in ra...
Buy Crompton Greaves Consumer Ltd For Target Rs. 480 - ICICI Direct
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