Jefferies and CLSA are optimistic about Crompton Greaves Consumer Electricals Ltd., highlighting a strong margin recovery in the final quarter of fiscal 2025 and improved growth visibility across segments.
Jefferies reiterated a 'buy' rating with a price target of Rs 485, citing a 13% year-to-date dip in the stock and a favourable risk-reward setup. CLSA upgraded its target price from Rs 405 to Rs 410 while maintaining an 'outperform' rating.
Crompton's Q4 FY25 highlights include revenue up 5%, Ebitda up 30%, margin expanding to 12.8%, and net profit up 23%.
Jefferies expects 14% compound growth in sales over fiscals 2025 to 2028 driven by premiumisation and product launches, while CLSA sees margin gains as the key catalyst for stock re-rating.