Crompton Greaves Consumer Electricals has demonstrated consistent growth over the past five quarters, driven by strong performance in various segments.
The fan division has benefited from increased sales of non-ceiling fans, while the pump segment has experienced a robust 20% year-on-year growth, supported by demand for residential and solar pumps.
The appliances category has also thrived, thanks to e-commerce and modern trade channels, as well as new product launches.
The company is expanding its market presence, with alternative channels growing by 21% year-on-year and increased spending on advertising and promotions by 69%.
Analysts project a compound annual growth rate of 12.8% for revenue, 20.3% for EBITDA, and 25.0% for PAT from FY24 to FY27.
Although there has been a slight downward revision in earnings estimates for FY25 and FY26 by 2.5% and 1.4% respectively, Prabhudas Lilladher maintains a 'BUY' rating for Crompton Greaves, with a target price of Rs 536 based on a valuation of 40 times FY27 earnings.