Sakshi Batra does a 3-Point Analysis to decode what led to Crompton Greaves Consumer's stellar performance and the outlook going forward.
Consumer durables company Crompton Greaves Consumer Electricals (CGCE) delivered a robust performance in Q3 FY20.
Revenues for the quarter rose 4 percent year-on-year (YoY) to Rs 1,071 crore as sales were impacted by credit stress in trade channels and downbeat retail sales. Gross margins improved 30 bps YoY on the back of a richer product mix and easing commodity prices.
Sakshi Batra does a 3-Point Analysis to understand what led to the stellar performance and what's the outlook going forward.
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