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Crompton Greaves Consumer Electricals (CROMPTON) registered a 10.8 per cent rise in revenue to Rs 2,283 crore for the March quarter. Brokerages maintained neutral-to-positive views on the midcap consumer goods stock, with targets ranging from Rs 285 to Rs 334.

Crompton Greaves Consumer Electricals Q4 Results: Good time to buy midcap stock now?

Crompton also announced its entry into the rooftop solar business with two orders worth Rs 500 crore—expected to be margin-neutral initially but marking a significant step into a new growth area.&nbsp;

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According to Crompton Greaves exchange filing, the consumer&nbsp;electric&nbsp;company on Monday announced top management changes and appointed ex-Temasek India Deputy Head Promeet Ghosh Managing Director and CEO from next month.

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Crompton Greaves Consumer Electricals Ltd said its board will meet next week to consider raising up to Rs 925 crore through debt securities

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Shares of Crompton Greaves Consumer Electricals Ltd surged 5 per cent to Rs 396.35 a share in Wednesday's intraday trade on the BSE as electric household appliance maker announced acquisition of controlling stake in Butterfly Gandhimathi Appliances Ltd.

Crompton Greaves Consumer shares gain on announcement of acquiring controlling stake in Butterfly Gandhimathi Appliances 

Crompton Greaves Consumer share price: Emkay said that Crompton delivered strong performance in Q4, with EBITDA beating Emkay’s expectations by 6%. ECD segment revenues saw a healthy 2-year CAGR of 17%, driven by growth across product categories and channels, market share gains in fans and rural expansion. After many challenging quarters, the lighting segment registered 15% yoy growth in revenue, supported by 23% volume growth in the B2C business

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Crompton Greaves posted strong growth in Q3 FY21 ( PBT +42% YoY) and op-margin at 14.8% (+200bps), with market share gains in Fans (+1%) &amp; Appliances. Crompton Greaves hiked prices by 5-8% from Jan'21 (rising input costs). Traction in emerging channels (+88% in Rural; +53% in E-Comm), new launches, premiumization (premium fans +51%YoY), cost control and robust B/S (net cash Rs 8 bn) support growth.

Crompton Greaves Consumer Electricals: On a Firm Footing; Jefferies reiterates buy with Rs 490 price target 

Shantanu Khosla, Managing Director, Crompton Greaves consumer Electricals Ltd., in a candid talk with Zee Business, said that Electric Consumer Durables (ECD) business has performed well and had a contribution of about 15 per cent in the revenues of the quarter.&nbsp;

&nbsp;

ECD business had a contribution of 15% in revenues of the quarter: Shantanu Khosla, Crompton Greaves Consumer Electricals 

RBI allows 100% foreign investment in CG Consumer Electricals

crompton-greaves-consumer-electricals

Crompton Greaves Consumer Electricals (CROMPTON) registered a 10.8 per cent rise in revenue to Rs 2,283 crore for the March quarter. Brokerages maintained neutral-to-positive views on the midcap consumer goods stock, with targets ranging from Rs 285 to Rs 334.

Crompton also announced its entry into the rooftop solar business with two orders worth Rs 500 crore—expected to be margin-neutral initially but marking a significant step into a new growth area. 

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Crompton Greaves Consumer Electricals

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