Crompton is well-positioned to remain on its multi-year compounding path owing to its strong market position and the rising penetration of electronic appliances.
PRO Only Highlights
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
Crompton Greaves Consumer Electricals (CGCE) has come out with an impressive set of numbers for Q2 FY22 led by market share gains, premiumization, expansion of the distribution channel and control over costs. What was pleasantly surprising was its strong hold on gross and operating margins when other industry players failed to protect them, reflecting the tight control over costs, and consumer loyalty for its products. Key result highlights CGCE has reported a strong Q2 FY22 performance, delivering a 16 percent top…
