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Crompton Greaves Share Price: Shares of Crompton Greaves Consumer Electricals Ltd fell as much as 4 per cent to hit its 52-week low of Rs 269.05 in the early hours of trade on Friday. As of 1 pm, the scrip was trading at Rs 276.75, down by 0.61 per cent from the previous close. The decline in stock followed after the company reported its financial results for the quarter and half-year ended September 2025.

Crompton Greaves Consumer Electricals Ltd's revenue from operations inched up 1 per cent year-on-year (YoY) to Rs 1,915.57 crore from Rs 1,896.15 crore.

The company's profit after tax (PAT) declined sharply by 41.1 per cent to Rs 75.42 crore from Rs 128.07 crore in the same quarter previous year.

CLSA has maintained an 'accumulate' rating on Crompton Greaves Consumer shares with a target price downgraded to Rs 305 from Rs 375.

Goldman Sachs has maintained its 'buy' rating on Crompton Greaves Consumer with the target price revised to Rs 330 from Rs 340, even though the recent quarterly results were below expectations.

The company reported a 1 per cent YoY revenue growth, but EBITDA came in 18 per cent lower than estimates, with margins contracting by 140 to 240 bps YoY to 8.3 per cent.

While the Lighting and Butterfly segments showed improvement, the Electrical Consumer Durables (ECD) segment remained weak due to softer sales in fans and appliances, along with higher input costs.

Crompton also announced its entry into the rooftop solar business with two orders worth Rs 500 crore—expected to be margin-neutral initially but marking a significant step into a new growth area.

Margin pressure was primarily driven by weakness in the ECD segment and commodity inflation, but Goldman expects a recovery as inventory levels normalise and price hikes take effect. The rooftop solar business is expected to contribute meaningfully from FY27 onwards, while the near-term focus remains on strengthening the core portfolio.

Despite the soft quarter, Goldman Sachs believes the risk-reward remains attractive, viewing Crompton as one of the cheapest consumer durable stocks within its coverage universe.

JP Morgan has maintained a 'neutral' rating on Crompton Greaves Consumer with the target price cut to Rs 310 from Rs 365.

Jefferies has maintained a 'buy' rating on Crompton Greaves Consumer but has downgraded its target price to Rs 410 from Rs 445.

Citi has maintained its 'buy' rating on Crompton Greaves Consumer with the target price cut to Rs 375 from Rs 425.

Morgan Stanley has maintained its 'equalweight' rating on Crompton Greaves Consumer with a target price of Rs 310.

The brokerage noted that the company’s adjusted PAT missed estimates by 24 to 25 per cent, mainly due to lower revenue (down 3 per cent), weaker margins in the Electrical Consumer Durables (ECD) segment—which stood at 10.6 per cent versus Morgan Stanley’s estimate of 14 per cent—and lower other income.

Within the ECD segment, revenue declined 2 per cent YoY, as fans saw a slight dip and large appliances recorded a sharp fall, though this was partly offset by mid-teens growth in pumps and small appliances.

Despite the soft quarter, Crompton gained market share across ECD categories, reflecting resilience in a challenging environment. The company implemented a 1.4 per cent price hike in fans effective October 2025, but cost pressures are expected to rise from January 2026 due to upcoming energy rating regulation changes.

On the new growth front, Crompton secured Rs 500 crore in rooftop solar orders during Q3, with execution expected over 6 to 12 months.

Management remains optimistic about the Rs 25,000 crore total addressable market (TAM), targeting Rs 200 crore in revenue within 18–24 months.

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