Crompton Greaves Consumer Electricals Ltd. share price target

About the stock: Crompton Greaves Consumer electricals (CGCE) is one of the leading fast moving electrical goods (FMEG) companies with presence in electrical consumer durables (ECD). With a legacy spanning over 85+ years and robust distribution backbone of 2800+ distributors, 236,000+ retail touchpoints and over 860 service centres, CGCE is well positioned to capitalize its network for existing segments as well as provide a runway for its newer businesses to scale. Q2FY26 performance: CGCE reported modest Q2 with revenue of 1915 crore, up 1.0% YoY / -4.2% QoQ. Fans segment reported single digit de-growth YoY owing...

Crompton reported a weak quarter, as expected. However, there were clear advances in execution and portfolio realignment.

CROMPTON's ECD segment gained market share in its core categories, despite overall industry decline. TPW fans, coolers, and agri and residential pumps reported a decline in sales, while solar pumps delivered 2x revenue growth and small domestic appliances registered double-digit growth. Lighting segment reported flat growth, despite industry slowdown, and its EBIT margin expanded by 380bps due to improved product mix and operational efficiencies. Butterfly business reported a moderate quarter, while the management has guided for double-digit growth in FY26. CROMPTON has amended its MoA to...

*over or under performance to benchmark index In Q4FY25, the company's consolidated revenue rose 5.1% YoY to Rs. 2,061cr, on The lighting segment fell 1.8% YoY to Rs. 276cr, primarily due to persistent industry...

Quarterly Update Q4FY25

Crompton Greaves Consumer Electricals (Crompton) ECD segment modest growth of 5.7% with fans reporting a moderate volume growth in FY25 while solar pumps reported a strong quarter. Lighting segment declined by 1.8% while EBIT margin expanded (+700bps) due to better product mix. Butterfly business has reported a strong quarter driven by pricing actions, margin improvements and sequential market share gains in few categories. Company has announced its entry into the solar rooftop category. It has announced greenfield capex of Rs 3.5 bn first phase of which will be focused on the fans...

Crompton reported a strong set of numbers in Q4FY25. There is revival in revenue growth as well as profitability of Butterfly. It was a drag on consolidated earnings over past seven quarters.

reliable fan performance in all conditions. CROMPTON is a market leader in fans and residential pumps with leading brand into mixer grinder category. The company is taking price hikes to offset the cost impact due to implementation of BEE 2.0 in Jan'26. we estimate revenue/EBITDA/PAT CAGR of 13.3%/17.6%/21.8% over FY25-27E. The stock is currently trading at 31x/25x FY26/FY27E, there has been no change in our estimates and maintain BUY'...

As true market leader, Crompton is investing to drive premiumisation aggressively in its fan portfolio. As of now, its premium portfolio accounts for 23% of revenues (industry: 40%) in fans.

As true market leader, Crompton is investing to drive premiumisation aggressively in its fan portfolio. As of now, its premium portfolio accounts for 23% of revenues (industry: 40%) in fans.

Crompton Greaves Consumer Electricals (Crompton) has delivered moderate growth in ECD segment +6.5% on high base while lighting segment grew +3.4% steadily gaining momentum in both B2B and B2C business. Butterfly EBITDA expanded by 620bps delivering positive momentum in appliances with better pricing and product mix. General Trade channel delivered moderate performance, while the Modern Retail channel experienced double-digit growth. Company continues to invest in premiumization, innovation, and GTM expansion to achieve steady performance across key ECD segments. We...

Quarterly Update Q2FY25

Despite low channel stocks, the muted demand trend is likely to dent Crompton Greaves Consumer’s Q2 figures. Butterfly’s transformation is underway, and management expects to reap the benefits in the near
term.

Quarterly Update Q1FY25

Strong Q1 topline from higher fan, B2B lighting and pump sales, and GM expansion of 110bps driven by strategic pricing actions