Sales rose 18 per cent year-on-year, while record exports, double-digit segment growth and cost savings helped offset pressure from commodity inflation
Crompton targets 13-14% annual revenue growth over FY26-29 and aims to double revenue by FY31, aided by premiumisation, new categories and expansion of adjacencies
Stocks to watch today: Swiggy, Manipal Health, Biocon, L&T Finance, Crompton Greaves, RailTel Corporation, Sammaan Capital, EaseMyTrip, among others, will be in focus today.
Analysts said Blue Star, Crompton Greaves Q1 earnings were impacted by sharp commodity price inflation, a delayed and shorter summer, elevated RAC inventory and subdued pricing.
Crompton Greaves Consumer Electricals Ltd on Thursday reported a 15.17 per cent increase in its consolidated net profit to Rs 142.7 crore in the June quarter of FY2026-27, helped by price hikes across categories and cost efficiencies. The company had posted a net profit of Rs 123.9 crore in the April-June quarter a year ago, according to a regulatory filing from Crompton Greaves Consumer Electricals Ltd (CGCEL). Its revenue from operations was at Rs 2,235.02 crore, up 11.84 per cent in the June quarter of FY'27. It was at Rs 1,998.38 crore in the corresponding quarter a year ago. Its "EBITDA margin expanded by 20 bps to 10 per cent, impacted by inflation, however offset by disciplined pricing actions, operating leverage and cost initiatives," said CGCEL in its earnings statement. CGCEL's total expenses were at Rs 2,065.50 crore, up 11.29 per cent in the first quarter of FY'27. The company "registered double-digit revenue growth across all the segments". Its "double-digit growth ..
Analysts at Axis Securities believe Nifty's strong June rollovers suggest a likely bullish conviction for the July series.
Shares of air-conditioner makers jumped up to 5 per cent on Wednesday as a delayed monsoon and persistent heatwave boosted demand expectations.
The BSE Consumer Durables index fell more than 3 per cent in intraday today. Among the individual stocks, Amber Enterprises tanked 17 per cent to ₹7,047.65.
Stocks to watch today: Airtel, Tata Motors, Voltas, IRFC, DLF, Jio Financial Services, HAL, HUDCO, Oil India, among others, will remain in focus today.
Shares of jewellery companies like Titan and Kalyan Jewellers were dragging the overall index down after Prime Minister Narendra Modi's speech at a public event in Hyderabad over the weekend
Anand James, chief market strategist of Geojit expects up to 22 per cent upside in Tata Chemicals, Ramkrishna Forgings and Crompton Greaves Consumer Electricals.