Crompton Greaves Consumer Electricals Ltd. share price target

*over or under performance to benchmark index Crompton Greaves Consumer Electricals Ltd (Crompton) is a Mumbai-based electrical equipment company. Its products include lighting and electrical consumer durable...

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...

Revenue grew 11% YoY to Rs 22.8bn, led by 10% growth in ECD, 14% in Lighting and 17% in Butterfly

CROMPTON's ECD segment delivered 9.5% growth led by strong traction across We estimate revenue/EBITDA/PAT CAGR of 16.9%/20.4%/21.4% over FY26-28E. We have downward revised FY27/FY28 earnings by 5.7%/7.0%, factoring persistent cost pressures partially offset by price hikes, incremental costs arising from new segments and additional expenses related to BEE norms implementation for water heaters effective Jul'26. We downgrade to Accumulate' from BUY' rating with revised TP of...

Crompton Greaves Consumer Electricals’ (CROMPTON) core total addressable market (TAM)—comprising fans, residential & agri pumps, lighting, and appliances (LDA & SDA), including kitchen appliances—stood at INR770b.

Broadly in-line performance. Revenue grew 7% YoY, led by 8% YoY growth in ECD and 7% YoY growth in Lighting/BGAL

TAM expansion in focus with core categories stabilising 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...

Crompton Greaves Consumer Electricals (CROMPTON)’s 3QFY26 earnings were above our estimate, driven by better-than-estimated performance in the ECD segment.

Crompton Greaves Consumer Electricals (CROMPTON) is a prominent player in India's consumer electricals sector, with a strong presence across fans, lighting, pumps, and household appliances.

The company delivered a steady performance, driven by resilient core category *over or under performance to benchmark index traction, improving product mix and sustained brand strength. The management said while the GST rationalisation is supporting demand revival across discretionary categories, the company's pricing action is expected to stabilise the margin. Continued order momentum in new growth engines, expanding premium portfolios, distribution upgrades and execution of strategic transformation initiatives are expected to enhance competitiveness and operating efficiency. With a focus on...

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.

Misses estimates; revenue/EBITDA was 2%/17% below our estimates (3%/20% below consensus)

Misses estimates; revenue/EBITDA was 9%/16% below our estimates (9%/19% below consensus)

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 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.

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...