Crompton Greaves - Focus On Driving Efficiencies Across Segments: ICICI Securities

Crompton Greaves’ products on display. (Source: BloombergQuint)

Crompton Greaves - Focus On Driving Efficiencies Across Segments: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Crompton Greaves Consumer Electricals Ltd. is focusing on its five 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 Rs 1.53 billion through its cost excellence programme, Unnati.

Net working capital days have decreased from 19 in FY20 to down 10 in FY21 leading to strong free cash flow.

Electrical consumer durable segment continued to report higher growth than the lighting business even in FY21.

Click on the attachment to read the full report:

ICICI Securities Crompton Annual Report Analysis.pdf

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