CG Consumer: Analysts see strong earnings growth led by lighting segment

According to analysts, heightened competition in pumps and geysers business impacted Q3 performance, despite robust 28% surge in premium fans' sales

Crompton Greaves Consumer (CG Consumer) disappointed the Street, as sales of its electric consumer durables segment fell, pulling down overall revenue growth in the December quarter (Q3).

Though electric consumer durables — which contributes about two-thirds to CG Consumer’s top line — sales were down just a per cent, both on a year-on-year (y-o-y) and sequential basis, due to tepid sales of its geysers and pumps, overall revenues grew just 6.7 per cent (down 2.2 per cent sequentially) to Rs 9.38 billion. This was lower than the growth recorded by peers as Havells and V-Guard, said analysts. The stock fell over