Now Reading: Jefferies, Citi Retain Buy Ratings On Crompton Consumer After Q1
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Jefferies, Citi Retain Buy Ratings On Crompton Consumer After Q1
Jefferies, Citi Retain Buy Ratings On Crompton Consumer After Q1
The Story in Brief
The Story in Brief
Jefferies and Citi have retained their Buy ratings on Crompton Greaves Consumer after its June quarter review. The brokerages cited pricing actions and cost control as supports for margin expansion, while also pointing to a possible recovery in sales.
Both brokerages flagged risks from raw-material prices and supply-chain volatility. The available reports do not disclose their target prices or provide details of the company’s June-quarter revenue, profit or margins. Their view therefore rests on expected improvement in operating performance, rather than a fully stated set of quarterly figures.
The Indian Opinion
The easy narrative is that retained Buy ratings prove a recovery is already under way. That goes beyond the information available. The opposing claim that cost pressures alone settle the case is just as thin. Investors should separate broker expectations from reported results and watch whether margins expand while sales recover. The next disclosed quarterly revenue and margin figures will provide the clearer test.
Sources (2): ndtvprofit.com, ndtvprofit.com (2)
This story was synthesised by AI from the 2 sources linked above. Methodology and corrections.
Updated: this story now draws on 2 sources.
Ashin Xavier: interesting
IO Repro: Repro test v4 after fix 2 Oct. Safe to trash.
IO Repro: Repro test v3 after fix 2 Oct. Safe to trash.
IO Repro: Repro test after fix 2 Oct. Safe to trash.