Crompton Greaves Consumer Electricals stock: Geojit turns bullish after Q2 growth

Published on 11/13/2026 at 01:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Geojit upgraded Crompton stock to Buy after strong second-quarter growth. Fans, pumps, lighting and exports underpin the broker's constructive outlook.

Growth supports a bullish broker view

Geojit raised its Crompton recommendation from Accumulate to Buy after strong second-quarter operating growth.
Fans, pumps, lighting and appliances are the core businesses, while exports and newer categories add to the outlook.
Margin gains reflected pricing actions and savings from the Unnati cost program.

Crompton, INE066F01012, Illustration mit AI erstellt.

Geojit Financial Services upgraded Crompton Greaves Consumer Electricals from Accumulate to Buy in a research report dated November 5, 2026, setting a target price of INR 251. The broker cited stronger growth across consumer electricals, lighting and household appliances, along with an improving business mix.

Crompton stock traded at INR 215.99 on the National Stock Exchange at 10:59 CET on Thursday, November 12, 2026. The quote is in Indian rupees and reflects the latest available NSE price.

Second-quarter growth broadens

According to Moneycontrol, Geojit said consolidated revenue increased 18.2 percent year over year to INR 2,263 crore in the quarter. Electrical Consumer Durables revenue rose 19.4 percent to INR 1,634 crore, supported by a 40 percent increase in BLDC fan sales, stronger pumps demand and water-heater growth.

Lighting revenue advanced 14.3 percent to INR 298 crore. Exports grew more than 70 percent, while rural demand and improved supply-chain conditions supported the broader performance.

Margins and new businesses matter

EBITDA increased 24.1 percent to INR 205 crore, lifting the margin by 40 basis points to 9.0 percent. Geojit attributed the improvement to strategic price increases and savings under the Unnati cost program. Adjusted profit after tax rose 29.9 percent to INR 124 crore.

The broker's longer-term case rests on market-share gains, premium products, exports and execution in newer categories. Solar solutions, connected products and additional appliance offerings could support the mix, but their contribution will depend on execution and demand.

What Crompton sells

Crompton, headquartered in Mumbai, India, makes and sells fans, lighting products, water heaters, air coolers, kitchen appliances, pumps, wires and solar rooftop solutions. The company describes its business as lighting and electrical consumer durables serving everyday household needs. Moneycontrol identifies Crompton as a market leader in fans and residential pumps, giving it a broad position within India's consumer electricals market.