CG Consumer's earnings to grow by up to 20% annually, say analysts

Analysts remain confident on its consumer durables business and expect the company's earnings to grow by up to 20 per cent annually

Shares of Crompton Greaves Consumer Electricals (CG Consumer) are up by over 8 per cent from their lows in May despite the company’s March quarter results being a mixed bag. The Street’s confidence on company’s growth prospects stem from the momentum in its consumer durables segment despite challenges faced by many of its peers during March quarter. CG Consumer’s product mix is what helped it overcome the challenges. While extended winters restricted growth in fans, it was water geysers and pumps that delivered healthy growth in value terms, say analysts. The consumer durables segment reported 9.6 per cent growth compared