JP Morgan has maintained a ‘Neutral’ rating on Crompton Greaves Consumer Electricals Ltd, with a target price of ₹365 per share, citing category diversification efforts and a cautious near-term outlook due to weather-related challenges.
The brokerage noted that Crompton is placing strong emphasis on new category forays in an effort to expand its total addressable market (TAM) and reduce reliance on already highly penetrated segments. These efforts are seen as critical for long-term growth.
However, a truncated summer season is expected to impact the company’s Q1 performance, particularly in the fans and air coolers segments, which are typically seasonal revenue drivers.
Looking ahead, JP Morgan anticipates a back-ended recovery in FY26, aided by broader macro tailwinds that could support consumer demand and margin recovery.
Disclaimer: This article is based on a brokerage note and is intended for informational purposes only. Business Upturn does not provide investment advice or stock recommendations.
Ahmedabad Plane Crash