Crompton Greaves Q4 Results Review: ICICI Securities Maintains 'Buy', Sees 28% Upside — Here's Why

Crompton reported revenue/Ebitda/PAT growth of 5.1%/29.9%/22.3% YoY. Gross margin was up 201bps YoY with revival in profitability of Butterfly as well as higher margins of Lighting segment. Ebitda margin was up 245bps YoY. Repayment of debt has resulted in lower interest cost YoY. Effective tax rate was up 452bps YoY..NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Crompton Greaves Consumer Electricals Ltd. reported a strong set of numbers in Q4 FY25. Highlights:There is revival in revenue growth as well as profitability of Butterfly. It was a drag on consolidated earnings over past seven quarters. With optimization of trade incentives and select price hikes, the profitability has revived.The company has entered in rooftop solar business. It has already invested in supply chain arrangements and also plans to leverage brand and distribution of Crompton. Considering the category size of Rs 200 billion and growth potential, we believe there is strong right-to-win for Crompton in rooftop solar similar to its success in solar pumps. The company has added multiple products/ variants to its portfolio and has steadily expanded the addressable market.While there was healthy growth in appliances with strong growth in coolers, we believe there is potential for muted Q1 FY26 with unseasonal rains across India in Q1 FY26. .We trim FY26–27E earnings by 0.4%-3.2% and retain Buy rating..Click on the attachment to read the full report:.Crompton Greaves Consumer Electricals Q4 Review: Jefferies, CLSA Optimistic On Strong Margin.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Crompton Greaves Q4 Results Review: ICICI Securities Maintains 'Buy', Sees 28% Upside — Here's Why

Strong revival in profitability of Butterfly drives EVA creation upwards, says ICICI securities

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Crompton Greaves Q4 Results Review: ICICI Securities Maintains 'Buy', Sees 28% Upside — Here's Why

Strong revival in profitability of Butterfly drives EVA creation upwards, says ICICI securities

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