Motilal Oswal and ICICI Securities keep Buy rating on Crompton Greaves Consumer
Motilal Oswal and ICICI Securities maintain Buy ratings on Crompton Greaves Consumer Electricals after its second-quarter FY27 revenue rose about 18%.
- published
- in the api
- on the website
on the website stories appear 15 minutes after publication, in the api at once. connect the api →
what happened
Motilal Oswal and ICICI Securities have kept Buy ratings on Crompton Greaves Consumer Electricals, according to reports published by moneycontrol.com. The company's second-quarter FY27 results matched Motilal Oswal's estimates: revenue rose about 18% year on year to INR 22.6 billion, EBITDA climbed about 24% to INR 2.0 billion, and adjusted profit after tax grew about 38% to INR 1.2 billion.
Management said it has passed roughly 80% of commodity inflation on through pricing. Fans and appliances led growth, BLDC sales rose 40%, and exports jumped more than 70% to a record quarterly level. ICICI Securities cut its target price to INR 270 from INR 315 using a DCF-based model, while Motilal Oswal retained a target of INR 300.
why it matters
For markets, the key point is that the company is protecting margins while raising prices and expanding its rooftop solar and wires businesses. Target prices reflect broker opinions, not a forecast for the share price. The item concerns a single company and is routine in nature.
tags
instruments
sources
- Buy Crompton Greaves Consumer Electricals; target of Rs 300: Motilal Oswal — moneycontrol.com, 19 October 2026 at 08:34 UTC
- Buy Crompton Greaves Consumer Electricals; target of Rs 270: ICICI Securities — moneycontrol.com, 19 October 2026 at 09:54 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
on the website stories appear 15 minutes after publication, in the api at once.
get stories in real time ↗