(Reuters) -India’s Crompton Greaves Consumer Electricals reported a smaller-than-expected rise in fourth-quarter revenue on Wednesday, while profit was broadly in line, as weak urban demand hit sales of fans, one of its highest selling products.
Revenue from operations rose 5% to 20.61 billion rupees in the fourth quarter, below analysts’ average estimate of 21.6 billion rupees, according to data compiled by LSEG. Consolidated net profit increased 22.5% to 1.69 billion rupees ($19.77 million)in the quarter. Analysts had estimated a profit of 1.64 billion rupees.
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KEY CONTEXT
Crompton said “subdued demand” conditions in the fourth quarter affected overall revenue growth. Delayed summers also affected the sale of fans, in which Crompton is considered to be the market leader by analysts.
The slower growth in fans led to overall revenue in the electric consumer durables segment growing 6% year on year, slower than the 14.3% growth last year. Crompton added that demand conditions could improve from second half of fiscal 2026.
PEER COMPARISON
Valuation (next 12 Estimates (next 12 Analysts’ sentiment
months) months)
RIC PE EV/EBI Price/ Revenue Profit Mean No. of Stock to Div
TDA Sales growth (%) growth (%) rating* analyst price yield
s target** (%)
Crompton Greaves 31.56 20.50 2.27 15.55 23.44 Buy 30 0.73 0.91
Consumer
Electricals
Havells India 54.71 36.19 3.99 14.13 21.35 Buy 26 0.89 0.63
Voltas 37.71 29.83 2.13 12.54 18.90 Buy 33 0.87 0.44
TTK Prestige 33.54 22.66 8.95 25.02 Hold 4 0.81 0.95
* The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** The ratio of the stock’s last close to analysts’ mean price target; a ratio above 1 means the stock is trading above the PT
JANUARY TO MARCH STOCK PERFORMANCE
— All data from LSEG
— $1 = 85.4830 Indian rupees
(Reporting by Ananta Agarwal in Bengaluru)
