<ul><li>ICICI Securities maintains 'Buy' rating for Crompton Greaves Q4 results with 28% upside potential.</li><li>Crompton reported revenue/Ebitda/PAT growth of 5.1%/29.9%/22.3% YoY.</li><li>Gross margin increased by 201bps YoY, driven by the profitability revival of Butterfly and higher margins in the Lighting segment.</li><li>Ebitda margin improved by 245bps YoY, and repayment of debt led to lower interest costs. Effective tax rate increased by 452bps YoY.</li></ul>

Crompton Greaves Q4 Results Review: ICICI Securities Maintains 'Buy', Sees 28% Upside — Here's Why

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