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.
Motilal Oswal Report
Crompton Greaves Consumer Electricals Ltd.'s top line was 20% higher than estimates.
The earnings beat was largely driven by higher revenue growth in the electrical consumer durables segment and revival in margins of the lighting segment to double digit.
The company has gained market share across its key product of fans and is now ranked number two player in water heaters.
Broadly, it has delivered on most parameters of our investment thesis.However, its performance is better than expected, both from timing and quantum perspective.
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