FY31 Revenue & EBITDA Outlook ICICI Securities’ latest research on Crompton Greaves Consumer Electricals highlights a bold growth target: double revenue by FY31, translating to a 15% compound annual growth rate. The company also projects an exit EBITDA margin exceeding 12%, driven by higher contribution from new products and premiumisation across its core businesses.
The analysts model revenue and PAT growth at 11.6% and 19.9% respectively for FY26–28E, supporting a target price of ₹315. At this valuation, the implied P/E for FY28E EPS stands at 27x, consistent with the buy recommendation.
Growth Drivers & Market Expansion Crompton has strengthened its organisational and innovation engine over FY23–26, expanding its addressable market from roughly ₹800 bn to more than ₹1.6 trn. This expansion is anchored on premium products, new product introductions, and strategic adjacencies in solar, wires, and other emerging segments.
Internal funding remains a cornerstone of the growth plan. The company’s robust cash generation and a net‑cash balance sheet enable it to finance new investments without external debt, ensuring sustainable expansion.