Crompton Consumer: Strong demand, mkt share gains may help sustain growth

The stock of Crompton Greaves Consumer Electricals, India’s largest ceiling fan maker, has rallied about 40 per cent in the last three months. Considering the sustained demand growth for its products, diverse revenue mix, and market share gains in its businesses, the upward momentum in the stock is likely to sustain, believe analysts. Brokerages estimate the company’s revenue to grow in the 15-19 per cent range in the December quarter of financial year 2020-21 (Q3FY21), aided by sustained demand momentum across its products. “The Consumer Durables (CD) segment is .....

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