ECONOMY

Crompton Greaves – Product-Portfolio, Network Expansion Continue To Drive Growth: Anand Rathi

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Helped by a low base, revived sentiment, premiumisation, network expansion, pricing and cost control, Crompton Greaves Consumer Electricals Ltd.’s Q4 revenue/adjusted profit after tax were up 48%%/64% YoY.

Market-share gains in key categories continue (up 1% in fans).

Management expects demand to return once markets open; premiumisation, cost control and pricing will protect margins in rising raw material costs scenario.

Product innovation, network expansion (rural/weak regions) and strong balance-sheet are key growth drivers.

High cash (Rs 9 billion) and future free cash flows will be re-invested in growth capex or be distributed as dividend.

Click on the attachment to read the full report:

Anand Rathi Crompton Greaves Company Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Most Related Links :
reporterwings Governmental News Finance News

Source link

Back to top button