Prabhudas Lilladher Recommends Crompton Greaves Consumer Electricals Buy, Rs 346 Target

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Crompton Greaves: Prabhudas Lilladher Recommends 'BUY' with Rs 346 Target

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Moneycontrol•09-02-2026, 13:18

Crompton Greaves: Prabhudas Lilladher Recommends 'BUY' with Rs 346 Target

•CROMPTON's ECD segment grew 7.6%, driven by BLDC fans and strong pump sales, including 2x growth in solar pumps.
•Company implemented a 1-1.5% price hike in fans in Jan 2026 due to rising commodity prices, with more hikes planned.
•Solar rooftop business shows strong traction, with Rs 190 million revenue and Rs 3.7 billion orders in hand.
•Butterfly grew 6.5% led by cookers and gas stoves; Lighting segment saw double-digit volume growth in B2C & B2B.
•Crompton entered new segments like wires and mobile accessories to expand market leveraging brand equity.

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