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 ..
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.
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.
Motilal Oswal sees 40 per cent upside in Crompton Greaves share price. The brokerage has a 'Buy' rating on stock noting premium fan growth, solar expansion, and entry into wires segment as key drivers
The buying on the counter came after the company released its Q3FY26 numbers on Friday, after market hours. Brokerages believe the company posted modest numbers
On the bourses, Crompton Greaves share price rose as much as 3.97 per cent to hit an intraday high of ₹259.20 per share.
Crompton Greaves' stock rose as much as 6.29 per cent during the day to ₹348 per share, the biggest intraday gain since February 1 this year
Leading fans and residential pump maker Crompton Greaves Consumer Electricals expects to cross USD 1 billion sales mark this fiscal and achieve a double-digit revenue growth helped by a new strategy, its MD & CEO Promeet Ghosh said on Thursday. Moreover, the company expects to enter a new segment in the coming years and double its turnover in the next five to six years helped by its Crompton 2.0 vision, he said. Under Crompton 2.0 vision, the company is emphasising on consumer centricity, business growth, and profitability through innovations. Crompton Greaves operates in segments like fans, lights, water pumps and appliances. It is introducing next-generation technology platforms such as smart solutions, energy efficiency, durability and easy reparability for its products helped by enhanced in-house R&D. Crompton Greaves is quite encouraged by its last three quarters, in which the leading fans and water pump maker reported double-digit growth despite challenging market ...
While many consumer durables companies reported disappointing earnings, missing their profit estimates due to lower margins, the EMS players exceeded expectations with strong revenue and profit growth
Consolidated net profit increased 27.7 per cent to Rs 110 crore ($12.7 million) in the quarter, but fell short of analysts' average estimate of Rs 115 crore
The Union Budget 2025-26 has exempted annual income up to Rs 12 lakh from income tax, boosting consumer spending and adding focus on urban consumption.
Technically, the term 'Death Cross' indicates a weak set-up as the stock's 50-day moving average has dropped below the long-term 200-day moving average.
The rise in Crompton Greaves share price came after the company posted a strong set of results in the September quarter of financial year 2025 (Q2FY25)
Crompton Greaves Consumer Electricals Ltd on Thursday reported an increase of 26.9 per cent in its consolidated net profit to Rs 128.07 crore in the second quarter ended in September 2024. The company had posted a net profit of Rs 100.87 crore in the July-September quarter a year ago, according to a regulatory filing from Crompton Greaves Consumer Electricals Ltd (CGCEL). However, its revenue from operations rose by 6.4 per cent to Rs 1,896.01 crore in the quarter under review, from Rs 1,782.27 crore in the same period last year. CGCEL's total expenses rose to Rs 1,742.79 crore in the September quarter of FY25, registering an increase of 4.9 per cent. The total consolidated income of CGCEL stood at Rs 1,913.53 crore in the September quarter, up 6.47 per cent. In the September quarter, CGCEL's revenue from the electric consumer durables segment was up 12.5 per cent to Rs 1,392.7 crore. Similarly, revenue from its lighting products business was up 6 per cent to Rs 253.13 crore. Ho
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Revenue from operations jumped 14 per cent to Rs 2,138 crore, while cost of materials consumed fell to Rs 468 crore
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