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 core portfolio (standalone), in line with its Crompton 2.0 strategy, continued to report strong performance as revenue/EBITDA/PAT grew by 12/15/22% YoY</li><li>However, the realignment of channel mix, business policies and brand investments led to a soft performance of Butterfly (revenue down 12%: EBIT margin at -15.9%) which pulled down overall profitability</li><li>ECD margins at 16.4% (17.2% ex of EPR cost) surprised positively while lighting growth remained in the black for the second consecutive quarter</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 core portfolio (standalone), in line with its Crompton 2.0 strategy, continued to report strong performance as revenue/EBITDA/PAT grew by 12/15/22% YoYHowever, the realignment of channel mix, business policies and brand investments led to a soft performance of Butterfly (revenue down 12%: EBIT margin at -15.9%) which pulled down overall profitabilityECD margins at 16.4% (17.2% ex of EPR cost) surprised positively while lighting growth remained in the black for the second consecutive quarterContent 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 (Q4FY24): Strong Core Portfolio Performance. Maintain BUY