Jefferies on Crompton Cons ; Buy, TP Rs 305

Sep26-Q PAT was in line with JEFe. Double-digit sales growth was driven by general trade in South, West. Avg price hike in ECD at 11-15% in 2-Q But input cost pressure continues, impacting YoY margins in Lighting, Butterfly. Gross margin is paring QoQ for past 3-Q Co mainly caters to B2C products; inflation pressures warrant caution.

CROMPT GREA CON ELEC LTD

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