Crompton

Leading fans and residential pump maker Crompton Greaves Consumer Electricals expects to cross USD 1 billion sales mark this fiscal and achieve a double-digit revenue growth helped by a new strategy, its MD & CEO Promeet Ghosh said on Thursday. Moreover, the company expects to enter a new segment in the coming years and double its turnover in the next five to six years helped by its Crompton 2.0 vision, he said. Under Crompton 2.0 vision, the company is emphasising on consumer centricity, business growth, and profitability through innovations. Crompton Greaves operates in segments like fans, lights, water pumps and appliances. It is introducing next-generation technology platforms such as smart solutions, energy efficiency, durability and easy reparability for its products helped by enhanced in-house R&D. Crompton Greaves is quite encouraged by its last three quarters, in which the leading fans and water pump maker reported double-digit growth despite challenging market ...

Analysts are bullish on the company with sales improving

Revenue from operations jumped 14 per cent to Rs 2,138 crore, while cost of materials consumed fell to Rs 468 crore

While there's bullish consensus on the company's future performance, the stock has gained over 40 per cent in the last six months and valuations may become stretched

On a yearly basis, Crompton Greaves' profit soared 5.5 per cent to Rs 138.4 crore in the March quarter of FY24, from Rs 131 crore in the March quarter of FY23

Indian household appliance maker Crompton Greaves Consumer Electricals reported a near 18% drop in September-quarter profit, dented by higher expenses and subdued performance

The Rs 2,076 crore buy to earnings accretive from second year of acquisition

In Q4, the profit margin maintained a strong trajectory, improving sequentially due to cost control and a superior sales-mix

Improving profitability in durables, tax cuts to drive earnings

The electric fan market, which is at around Rs 6,000 crore at present has been growing at 4-6% over the last two years, has seen value addition in terms of designs and colours and a little improvement in features