Crompton Greaves Sustains Robust Growth, Healthy Margins In Q3: Nirmal Bang
Crompton Greaves’ products on display. (Photo: BloombergQuint)

Crompton Greaves Sustains Robust Growth, Healthy Margins In Q3: Nirmal Bang

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.

Nirmal Bang Report

Crompton Greaves Consumer Electricals Ltd. posted a robust growth of 26% YoY in consolidated revenue at Rs 13.5 billion, 16%/10% above our/consensus estimate.

Electrical consumer durables segment grew 32% YoY to Rs 10.4 billion (77% of total sales), led by a strong performance in fans (36% YoY overall growth, 51% YoY growth in premium fans), geysers (up 50% YoY), domestic pumps (up 19% YoY) and appliances (up 45% YoY).

Lighting revenue grew 10% YoY to Rs 3.1 billion (23% of total sales), led by 13% YoY volume and value growth each in business-to-consumer LED lighting and pick-up in business-to-government business.

Click on the attachment to read the full report:

Nirmal Bang Crompton Greaves Consumer Electricals-Q3FY21 Result Update-25 January 2021.pdf

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