CROMPTON

** Jefferies says it is positive on electronic manufacturing (EMS), other sectors linked to capex and summer demand in small- and mid-caps

** Top picks are Polycab POLC.NS, Amber Enterprises AMBE.NS, Voltas VOLT.NS and Crompton Greaves Consumer Electricals CROP.NS

** POLC wired for consistent growth despite Ultratech Cement's planned foray into cables and wires segment, says Jefferies

** AMBE likely to benefit from rising domestic market shares in air-conditioners (AC)

** CROP to potentially gain from double-digit growth in premium fans; Voltas to benefit from a demand uptick on forecast of hotter-than-normal summer - Jefferies

** POLC shares up 1.1% on the day; AMBE, VOLT, CROP gain about 3% each - data compiled by LSEG

** Recent market decline is opportunity for investors to evaluate quality in small-cap and mid-cap segments, says Jefferies

** India's benchmark Nifty 50 is down 14.3% from record high levels while small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 are trading 23.8% and 20.5% below their all-time high levels

(Reporting by Bharath Rajeswaran in Bengaluru)

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** India's warmest February in 124 years could spur a demand uptick in cooling product categories like air-conditioners, air-coolers, refrigerators and fans, says CLSA

** Weather office has warned of further rise in temperature and heatwave days going ahead

** Listed air-conditioner and components makers such as Voltas VOLT.NS, Blue Star BLUS.NS, Amber Enterprises AMBE.NS gain 1.4%-2.7%; Johnson Controls JCHA.NS jumps 6%

** CLSA also expects summer-centric consumer categories like ice creams, beverages, dairy products to benefit from a hot summer

** As power demand picks up, coal availability for non-power sector could get hurt, leading to a rise in e-auction coal prices, which is a positive for Coal India COAL.NS, according to CLSA

** Coal India up 0.5% on the day

** On the flip side, a hot summer could cause water scarcity which could momentarily disrupt construction projects, CLSA says

** Earlier in the week, Jefferies identified AMBE, VOLT, Crompton Greaves CROP.NS as well as pipe and pump makers as its key summer plays

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Indian market is poised for a near-term bounce, says Jefferies, making changes to its India model portfolio

** Cites Nifty's .NSEI valuations near long-term averages, government spending, RBI easing, and strong domestic inflows as reasons for the potential rise

** Nifty is down 15% since hitting record peak in September

** Brokerage expects banks, non-bank lenders, autos, property, and power to fuel Nifty's revival

** Double downgrades IT .NIFTYIT to "underweight" from "overweight," citing high valuations and U.S. economic risks

** Metals .NIFTYMET get a higher weight due to a potential China recovery, expectations of safeguard duties on Chinese steel imports

** Cuts pharma .NIPHARM to "neutral" from "overweight" over U.S. tariff concerns

** Crompton Greaves Consumer CROP.NS joins the portfolio, while weight of some auto stocks cut after weak sales data

** In its India model portfolio, Jefferies replaces Home First HOME.NS with Shriram Finance SHMF.NS, citing strong demand for used commercial vehicles and stable asset quality

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of Crompton Greaves Consumer Electricals CROP.NS climb as much as 2.2% to 328.35 rupees, last up 1.7%

** Co launched new fans, seeks to grow premium contribution to sales to 40% in near-term from 23%-24% currently - Elara Capital, citing analyst February 27 meet

** Adds CROP's new fans are priced at par with industry avg; co stocked up to meet strong demand anticipated this year

** Analysts at Centrum say co's growth will be lead by premium fans, appliances and lighting

** Stock snaps two sessions of losses

** CROP rated "buy" on avg, median PT at 460 rupees - data compiled by LSEG

** Year-to-date, CROP down ~19% vs 11% decline in Nifty 500 index .NIFTY500

(Reporting by Manvi Pant in Bengaluru)

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Feb 12 (Reuters) - Crompton Greaves Consumer Electricals Ltd CROP.NS:

• CROMPTON GREAVES DEC-QUARTER CONSOL NET PROFIT 1.10 BILLION RUPEES

• CROMPTON GREAVES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 17.69 BILLION RUPEES

Source text: [ID:]

Further company coverage: CROP.NS

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** Shares of India's Crompton Greaves Consumer Electricals CROP.N rise 6.1% to 395.1 rupees, their biggest pct gain since June 5

** Co on Thursday reported Q2 profit beat as sales of home appliances surged; Indian markets were closed on Friday for a holiday

** Crompton taking price hikes in last few quarters, ensuring sustenance of gross margins - Ambit Capital

** Butterfly brand can deliver stronger FY26, price hikes and operating leverage should drive EBITDA margin from ~11% in FY24 to ~12.1% by FY27 - Nomura

** CROP shares up ~ 27% YTD vs 18% surge in rival Havells HVEL.NS

(Reporting by Sethuraman NR in Bengaluru)

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Nov 14 (Reuters) - Crompton Greaves Consumer Electricals Ltd CROP.NS:

• CROMPTON GREAVES CONSUMER ELECTRICALS Q2 CONSOL NET PROFIT 1.25 BILLION RUPEES

• CROMPTON GREAVES CONSUMER ELECTRICALS Q2 CONSOL REVENUE FROM OPERATIONS 18.96 BILLION RUPEES

Source text: [ID:]

Further company coverage: CROP.NS

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Aug 29 (Reuters) - Crompton Greaves Consumer Electricals Ltd CROP.NS:

• GETS TAX ORDER WITH TOTAL DEMAND OF 28.4 MILLION RUPEES

Source text for Eikon: ID:nNSE1Fr2z8

Further company coverage: CROP.NS

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Aug 28 (Reuters) - Crompton Greaves Consumer Electricals Ltd CROP.NS:

• GETS TOTAL TAX DEMAND ORDER FOR 4.7 MILLION RUPEES

Source text for Eikon: ID:nBSE9FP1yx

Further company coverage: CROP.NS

(Reporting by VijayDattaram Malkar)

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** India's small- and mid-cap firms in Jefferies' coverage universe post 36% EPS growth in June-qtr, with over 50% beating expectations

** Says top performers were electronics makers like Kaynes KAYN.NS, Amber Enterprises AMBE.NS and Dixon DIXO.NS

** Second-best were summer beneficiaries Voltas VOLT.NS, Blue Star BLUS.NS, Whirlpool of India WHIR.NS, Crompton Greaves CROP.NS, Havells HVEL.NS and V Guard VGUA.NS

** Third-best were capex and housing-linked firms like Polycab POLC.NS, Supreme Industries SUPI.NS, Pidilite PIDI.NS

** Says its top picks are V Guard, Supreme Industries, Amber Industries

** Has "buy" ratings on Voltas, Blue Star and Finolex Cables FNXC.NS

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of Voltas VOLT.NS jump 4.7% to record high of 1,607 rupees, set to snap a three-day losing run

** Stock's previous record high was 4 sessions back on Aug 12 after strong Q1 results

** Over the weekend, analysts updated their views, with at least 17 raising their price targets, per LSEG data

** Prabhudas Lilladher upgrades to "hold" and Anand Rathi Research to "buy"

** Anand Rathi says Voltas "firing on all cylinders", noting strong air conditioner sales and continued market share gains in refrigerators and washing machines

** Analysts avg rating still at "hold" but median PT jumps to 1,559 rupees from 1,400 rupees on results day -LSEG data

** Stock jumped 11% on Aug 12 after Q1 report but dropped ~3% in next three sessions

** VOLT has jumped ~64% YTD, more than Crompton Greaves CROP.NS (~44%) and Havells India HVEL.NS (~38%) but less than Blue Star's BLUS.NS 83% surge

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of Symphony SYMP.NS surge 20% to 1,476.05 rupees, hitting their highest since early March 2021

** Air cooler maker posts over three-fold jump in Q1 profit and approves up to 714 mln rupees ($8.5 mln) share buyback

** Trading vol of over 2.5 mln shares makes it stock's busiest session since 2021 listing

** Avg rating of seven analysts on SYMP is equivalent of "hold"; median PT is 1,084 rupees -LSEG data

** Stock up ~69% YTD, roughly double the increase in rivals Crompton Greaves CROP.NS and Havells India HVEL.NS

($1 = 83.9130 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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July 26 (Reuters) - Crompton Greaves Consumer Electricals Ltd CROP.NS:

• GETS TOTAL TAX DEMAND ORDER OF 3.9 MILLION RUPEES

Source text for Eikon: ID:nNSE6k8QST

Further company coverage: CROP.NS

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** Shares of Butterfly Gandhimathi Appliances BUTT.NS fall 4.4% to 824.7 rupees

** Kitchen appliances-maker's Q1 profit fell ~83% YoY

** Stock was down 0.4% before results

** Rivals Whirlpool of India WHIR.NS and TTK Prestige TTKL.NS yet to report results

** BUTT down 20.7% YTD; WHIR and TTKL up 45.6% and 23.4% respectively

(Reporting by Varun Vyas in Bengaluru)

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July 22 (Reuters) - Crompton Greaves Consumer Electricals Ltd CROP.NS:

• CROMPTON GREAVES - NET DEBT POSITIVE AFTER PARING DOWN ACQUISITION RELATED DEBT

Source text for Eikon: ID:nNSE4xkRvZ

Further company coverage: CROP.NS

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BENGALURU, July 18 (Reuters) - Home appliances maker Havells India HVEL.NS reported a smaller-than-expected first-quarter profit on Thursday, as higher expenses offset improved demand for its air conditioners and fans.

Profit rose 43.1% from a year earlier to 4.11 billion rupees ($49.15 million) for the three months ended June 30, missing analysts' expectations of 4.31 billion rupees, as per LSEG data.

The water heater maker's revenue from operations rose 20.2% to 57.98 billion rupees, while total expenses rose 18.1% to 53.22 billion rupees.

For further earnings highlights, click nFWN3JA0SB

KEY CONTEXT

India's summer lasts from March to May, yet many Indian cities saw warmer nights during June. Hot weather increases consumer spending on electrical appliances.

Analysts said that the country's consumer durables sector experienced healthy demand during the quarter due to severe summer and despite price increases.

Prices of raw material such as copper and aluminium rose, they added.

Havells India, biggest among its peers by market capitalisation, is the first to report first-quarter results.

PEER COMPARISON

* The mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

APRIL-JUNE STOCK PERFORMANCE

-- All data from LSEG

-- $1 = 83.6170 Indian rupees

(Reporting by Meenakshi Maidas in Bengaluru; Editing by Mrigank Dhaniwala)

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** Shares of Crompton Greaves Consumer Electricals CROP.NS up 13.5% at 384.75 rupees, on track for their best day, if gains hold

** Stock at its highest level since Oct 19, 2022

** The household appliance maker's Q4 profit beat estimates

** Rival Havells HVEL.NS also beat Q4 profit estimates last month

** CROP rated "buy" on avg, HVEL rated "hold" - LSEG data

** YTD, CROP up ~24% and HVEL up ~30%

(Reporting by Varun Vyas in Bengaluru)

(([email protected]))

BENGALURU, May 16 (Reuters) - Indian household appliance maker Crompton Greaves Consumer Electricals CROP.NS reported a better-than-expected profit on Thursday, benefiting from higher demand for its fans and air coolers.

Mumbai-based Crompton Greaves' consolidated net profit rose to 1.38 billion rupees ($16.5 million) for the quarter ended March 31, from 1.31 billion rupees a year ago, beating analysts' estimates of 1.20 billion rupees, according to LSEG data.

The scorching summer has pushed temperatures to record highs, boosting the need for cooling products.

India's weather department has predicted the number of heatwave days would be higher than usual from April to June.

Crompton Greaves' revenue rose by 9.5% to 19.61 billion rupees, driven primarily by growth in its core electric consumer durables business, which makes products such as fans and kitchen appliances. The segment posted a 14.4% rise in revenue.

"We expect the intense summer season and uptick in demand for home and kitchen appliances to support the growth momentum," said Promeet Ghosh, managing director and chief executive at Crompton Greaves.

Its revenue in the lighting products business rose a meagre 0.9% year-on-year.

Last month, rival Havells India HVEL.NS reported a higher quarterly profit on strong demand for room air conditioners and fans.

Shares of Crompton Greaves closed 0.3% higher ahead of its results.

($1 = 83.4650 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Shweta Agarwal)

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** Shares of India's Butterfly Gandhimathi Appliances BUTT.NS down 4.1% at 756.45 rupees, after falling as much as 4.3% earlier in the session

** Kitchenware maker reports net loss in March quarter, compared with profit a year earlier, decline in revenue

** Trading vols 1.1x the 30-day avg

** YTD stock has fallen 27%, vs 4.3% drop in peer TTK Prestige TTKL.NS

(Reporting by Hritam Mukherjee in Bengaluru)

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May 1 (Reuters) - Crompton Greaves Consumer Electricals Ltd CROP.NS:

• GETS TAX ORDER FOR DEMAND AT 225 MILLION RUPEES

Source text for Eikon: ID:nNSE2JV7Fd

Further company coverage: CROP.NS

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April 24 (Reuters) - Crompton Greaves Consumer Electricals Ltd CROP.NS:

• GETS GST ORDER DEMANDING 18.5 MILLION RUPEES

Further company coverage: CROP.NS

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April 3 (Reuters) - Crompton Greaves Consumer Electricals Ltd CROP.NS:

• GETS TAX DEMAND NOTICE OF 29.1 MILLION RUPEES

Source text for Eikon: ID:nNSE7hH1kY

Further company coverage: CROP.NS

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** Shares of Crompton Greaves Consumer Electricals CROP.NS up 4.2% at 281.35 rupees; earlier in the session stock rose as much as 4.8%

** About 1.9 mln shares changed hands in three blocks priced between 279.30 rupees/share to 280.40 rupees/share - LSEG

** Stock on track for a third consecutive session of gain, if trend holds

** Trading vol 2.4x 30-day daily avg

** Avg rating of 31 analysts equivalent of "buy", median PT is 322.50 rupees - LSEG data

** Among peers Havells India HVEL.NS, Polycab India POLC.NS are rated "buy", while Voltas VOLT.NS is a "hold" - LSEG

** CROP fell 14% in March qtr, after two straight quarterly gains

(Reporting by Ashish Chandra in Bengaluru)

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April 1 (Reuters) - Crompton Greaves Consumer Electricals Ltd CROP.NS:

• RECEIVED ORDER FROM OFFICE OF EXCISE AND TAXATION OFFICER, HARYANA

• GETS TAX ORDER FOR DEMAND AT 400.3 MILLION RUPEES

Source text for Eikon: ID:nBSE8hPk4J

Further company coverage: CROP.NS

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** Shares of home appliances maker Crompton Greaves Consumer Electricals CROP.NS up 1.1% at 267.90 rupees, on track to snap four sessions of loss

** Co on Wednesday said it won order worth 90 mln rupees ($1.1 mln) for solar water pumping system from Haryana govt

** Also received letter of empanelment from Maharashtra & Rajasthan for solar pumping systems worth around 850 mln rupees

** Avg rating of 32 analysts equivalent of "buy", median PT is 329 rupees - LSEG

** Among peers, Havells India HVEL.NS and Polycab India POLC.NS are rated "buy," while Voltas VOLT.NS is a "hold"

($1 = 83.1379 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

March 20 (Reuters) - Crompton Greaves Consumer Electricals Ltd CROP.NS:

• SECURES 4TH CONSECUTIVE ORDER FOR SOLAR WATER PUMPING SYSTEM FROM HAREDA

• GETS ORDER WORTH OVER 90 MILLION RUPEES

• SECURED LETTER OF EMPANELMENT FOR 2500 SOLAR PUMPING SYSTEMS IN MAHARASHTRA FROM MSEDCL

• GETS LETTER OF EMPANELMENT FOR 1000 SOLAR PUMPING SYSTEMS IN RAJASTHAN

• TOTAL VALUE OF LETTER OF EMPANELMENT RECEIVED WORTH ABOUT 850 MILLION RUPEES

Source text for Eikon: ID:nNSE4pPglL

Further company coverage: CROP.NS

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** Consumer demand for Indian electricals is soft ahead of summer, with no major pricing action seen yet, Jefferies says, citing channel checks

** Adds air conditioner (AC) stocking, which was delayed due to extended winter in north India, likely to gain traction by month-end on rising temperatures

** Forecast of above-average temperatures fuels expectations of "good upcoming summer" - note

** Says electronics-maker Amber Enterprises India AMBE.NS, "Lloyd"-branded AC seller Havells India HVEL.NS, fan maker Crompton Greaves CROP.NS and stabiliser seller V-Guard Industries VGUA.NS are key plays on a "good summer"

** Adds AC is 40% of AMBE's sales mix, Polycab India POLC.NS and Finolex Cables FNXC.NS have smaller exposures among cable makers

** Except HVEL, which is rated "hold", Jefferies recommends "buy" on all other stocks

** FNXC up 4.4%, HVEL, AMBE, CROP, VGUA and POLC down between 1%-2.7%

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Havells India HVEL.NS down 1.6%; trading between gains of 2% and losses of 2.1%

** Co on Tuesday said it plans to expand its product portfolio with offering of kitchen appliances such as cooktops and chimneys

** Adds it expects to launch products in May; targets becoming one of top 3 players over next 3 years

** CLSA says competitive intensity to rise in large kitchen appliances segment with co's entry, CNBC-TV18 and Moneycontrol report

** CLSA says if co grabs a 10% market share, it could add 45-70 rupees to earnings per share, reports say

** Analysts' avg recommendation on HVEL is equivalent to 'buy' - LSEG

** Avg recommendation on Stove Kraft STOE.NS is 'strong buy', Crompton Greaves CROP.NS has 'buy' and TTK Prestige TTKL.NS rated 'hold' - LSEG

** HVEL up ~11% YTD, STOE climbed 6.7%

** CROP down 6.8% YTD, while TTKL declined 3.6%

(Reporting by Rama Venkat in Bengaluru)

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March 5 (Reuters) - Crompton Greaves Consumer Electricals Ltd CROP.NS:

• GRANTED PATENT FOR INVENTION "A NON-AEROFOIL FAN BLADE, AND FANS WITH NON-AEROFOIL BLADES, THEREO"

• PATENT FOR TERM OF 20 YEARS EFFECTIVE FROM AUG 2, 2013

Further company coverage: CROP.NS

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Feb 27 (Reuters) - Crompton Greaves Consumer Electricals Ltd CROP.NS:

• CROMPTON GREAVES CONSUMER ELECTRICALS LTD - GETS ORDER WORTH 222.6 MILLION RUPEES

• CROMPTON GREAVES CONSUMER ELECTRICALS LTD - CO BAGGED AN ORDER FOR 469 SOLAR PHOTOVOLTAIC WATER PUMPING SYSTEM

Source text for Eikon: ID:nNSE8DS83T

Further company coverage: CROP.NS

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