20/6/2026, 9:46:01 pm

Citi turns bullish on Crompton Greaves consumer durable stock

Citi retains a Buy rating on Crompton Greaves Consumer Electricals with a ₹400 target, implying a 45% upside. It expects demand recovery due to a strong summer and low base, aided by non-discretionary products and 9-10% fan price hikes. Focus is on revenue growth, with margin recovery expected by FY27.