External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Crompton Greaves Consumer Electricals / Equity Bottom-Up

Crompton Greaves Consumer Electricals (CROMPTON IN)

<ul><li>Crompton’s 3Q print was a mixed bag as encouraging core portfolio performance (standalone) of 15/13/13% revenue/EBITDA/PAT growth was marred by the soft performance of Butterfly (revenue down 6%, EBIT margin at -0.8%)</li><li>ECD segment continued to outperform peers (9M: Crompton +13% vs +1/+9/+9% of Havells/Orient/V-Guard) while the trend of declining lighting revenue was arrested</li><li>Butterfly (BGAL) remains a WIP as its channel correction initiatives will continue for another two quarters</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Crompton’s 3Q print was a mixed bag as encouraging core portfolio performance (standalone) of 15/13/13% revenue/EBITDA/PAT growth was marred by the soft performance of Butterfly (revenue down 6%, EBIT margin at -0.8%)ECD segment continued to outperform peers (9M: Crompton +13% vs +1/+9/+9% of Havells/Orient/V-Guard) while the trend of declining lighting revenue was arrestedButterfly (BGAL) remains a WIP as its channel correction initiatives will continue for another two quartersContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Crompton Consumer (Q3FY24): Crompton 2.0 Showcases Initial Promise. Maintain BUY