BQ Prime'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 BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Crompton Greaves Consumer Electricals Ltd.'s reported consolidated revenue at ~Rs 1699.6 crore, up by 22.7% led by consolidation of Butterfly Gandhimathi Appliances Ltd. business.
However, core segment (electrical consumer durable and lightings) revenues were down by 4% owing to higher base and sharp fall in the sales of conventional lightings products.
Segment wise, ECD segment revenues declined 3% YoY to Rs 1062.3 crore, dragged by decline in fan revenues by 7%. The lower fan revenue is attributable to de-stocking of channel inventory amid transition into new BEE norms.
Lighting segment revenues declined ~7% YoY to Rs 269.6 crore as a result of steep fall in demand of conventional lightings (declined by 35%).
On a three year compound annual growth rate basis, Crompton's core business revenues (i.e. ECD and lighting) grew at a CAGR of 7%.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
