Crompton & HAVells both rallied 20-25% in Q2 on expected synergies from Butterfly/B2B pick-up respectively. Softening commodities have fueled hopes of margin recovery in Q2, given the 10-15% price hikes in last four quarters. Butterfly integration is a key catalyst for Crompton. Weak margin in Lloyd is a key risk for Havells, while its core business is doing better. In FY23-25, we expect Cromptonâ...

Indian equity markets are likely to extend losses on Tuesday amid weak global cues. Early trends on SGX Nifty indicated a negative start for benchmark indices, with a loss of 100 points or 0.63%. The Nifty futures were trading around 15,678.50 level on the Singaporean Exchange. Asian shares tumbled in early trade after Wall Street hit a confirmed bear market milestone and bond yields struck a two-...

Key takeaway: Crompton is set to acquire 55% stake in Butterfly for Rs 13.8bn and will launch mandatory open offer for 26%. Total consideration for 81% stake could be Rs 20.7bn, implying P/S of 2.5x-3x basis FY21 sales. Butterfly is a key player in kitchen appliances, esp in South (76% of mix), with 500 distributors and 25k touch points pan-India. This acquisition could help Crompton diversify ...

Shares of consumer appliances and durables manufacturer Crompton Greaves Consumer Electricals Ltd have fallen 10% in November. According to analysts, investor sentiment that was upbeat earlier has taken a beating, because festive demand failed to meet expectations. What’s more, growth metrics in the coming quarters may be inflated by a high base and pent-up demand. In essence, analysts are wary ...

NEW DELHI: Consumer products company, Crompton Greaves, that manufactures fans, lights, pumps and home appliances, reported a consolidated revenue of Rs1,385 crore for the September ended quarter, up from Rs1,213.19 crore in the year-ago period. Consolidated net profit rose to Rs158.81 crore during the period under review from Rs141.68 crore a year agoEbitda margin stood at 15.5%. The company said...