Nomura has maintained its ‘Buy’ rating on Crompton Greaves Consumer Electricals, with a target price of Rs 444 per share, implying a notable upside from the current market price of Rs 327.35. The brokerage highlighted Crompton’s strategic focus on innovation and new categories to drive its next phase of growth.
According to Nomura, EBITDA for Q4FY25 came in ahead of consensus estimates, reflecting the early benefits of the company’s renewed focus on execution and product launches. The firm continues to see growth opportunities across multiple fronts, especially through new categories and product innovations.
Nomura expects Crompton to maintain an EBITDA margin in the 11.9–12.2% range for FY26–27, backed by a stronger growth push and operational efficiencies.
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