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    HomeNewsBusinessStocksHold Crompton Greaves Consumer; target of Rs 335: ICICI Direct

    Hold Crompton Greaves Consumer; target of Rs 335: ICICI Direct

    ICICI Direct recommended hold rating on Crompton Greaves Consumer with a target price of Rs 335 in its research report dated March 28, 2023.

    Broker Research
    March 29, 2023 / 17:29 IST
    Hold
       
       
      26 Aug, 2025 12:21
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      ICICI Direct's research report on Crompton Greaves Consumer

      Crompton Greaves Consumer (CGCEL) is among India’s leading fast moving electrical goods (FMEG) companies, present in ECD (~67% of revenue), Butterfly (~17% of revenue) and lighting (~16% of revenue). Market leader in the domestic fan industry with value market share of 27%. The company has enhanced focus on increasing market share in kitchen appliances category through expansion of Butterfly brand across India • Robust balance sheet with RoE & RoCE of ~30% each (three-year average), respectively, with stringent working capital policy.

      Outlook

      We now value the merged entity at 30x FY25E earnings. We maintain our target price of Rs 335/share and HOLD rating on the stock.

      For all recommendations report, click here

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      Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

      Crompton Greaves Consumer - 29 -03 - 2023 -icici

      Broker Research
      first published: Mar 29, 2023 05:28 pm

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