Crompton Greaves stock jumps 15% on positive Q4 report, brokerages bump target prices

Over the past year, the firm's stock price has gained around 50 percent.

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26 Aug, 2025 12:21

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Crompton Greaves Consumer Electricals shares skyrocketed 15 percent in early trade on May 17 after the FMEG player reported a 56 percent sequential jump in consolidated net profit.

Crompton Greaves reported a one percent on-year uptick in consolidated profit for the quarter ended March at Rs 133 crore. However, profit surged 56 percent on a sequantial basis.

Revenue came in at Rs 1,961 crore, higher by nine percent YoY from Rs 1,791 crore in the same quarter during the year-ago period.

At 10.10 am, Crompton Greaves stock was quoting Rs 384.9, higher by 13.5 percent on the NSE.

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Crompton undertook Crompton 2.0 in June 2023 and has been reaping the benefits thereof. With launches across product categories, the uptick in advertisement spends, innovation, and go-to-market excellence aided growth.

"With the Butterfly segment expected to stabilise over the next few quarters, the growth should even be better," said Nuvama Institutional Equities.

The brokerage added that Crompton has been a steady player in delivering a healthy performance and growing better than the industry. The company has been focusing on improving its offerings in existing product categories as well as entering new categories.

"Crompton’s 4QFY24 results featured better-than-expected margins from the ECD segment amid seasonal strength, but a large loss at Butterfly including one-time impacts. The near-term outlook is positive as summer demand remains robust," said Kotak Institutional Equities.

Nuvama maintained its buy rating and raised its target price on the company from Rs 365 to Rs 393, implying an upside of 16 percent.

Kotak also raised its target price on the player to Rs 350, while keeping its add call intact.

Over the past year, Crompton Greaves Consumer Electricals shares have gained around 50 percent, as against a 23 percent rise in the benchmark Nifty 50 index.

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