Motilal Oswal Recommends Buy on Crompton Greaves, Sets INR 350 Target

• Crompton Greaves Consumer Electricals (CROMPTON) 3QFY26 earnings exceeded estimates, driven by strong ECD segment performance.
• EBITDA rose approximately 4% year-on-year to INR 1.9 billion, beating estimates by 14%.
• Adjusted PAT after MI increased approximately 3% year-on-year to INR 1.1 billion, a 19% beat.
• Return on Invested Capital (RoIC) is projected to improve to 22% by FY28 from 16% in FY26.
• Motilal Oswal reiterates a 'BUY' rating with a target price of INR 350, based on 33x FY28E EPS.