CROMPTON

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

• CROMPTON GREAVES - RECEIVES ORDER CONFIRMING TAX DEMAND OF 299.2 MILLION RUPEES

Source text: ID:nBSE1bQ9Th

Further company coverage: CROP.NS

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

• CROMPTON GREAVES - RECEIVES INCOME TAX DEMAND FOR AY 2024-25 TOTALING 426.1 MILLION RUPEES

Source text: ID:nBSE2W0hJX

Further company coverage: CROP.NS

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March 23 (Reuters) - Crompton Greaves Consumer Electricals Ltd CROP.NS:

• CROMPTON GREAVES - RECEIVES TAX DEMAND OF 45 MILLION RUPEES

Source text: ID:nNSE64KWpK

Further company coverage: CROP.NS

((Reuters.Briefs@thomsonreuters.com;))

** Indian induction stove maker Butterfly Gandhimathi Appliances BUTT.NS surges about 11% to 658 rupees

** BUTT is among the biggest gainers across the National Stock Exchange of India

** Peer Stove Kraft STOE.NS jumps 7.3%, while TTK Prestige TTKL.NS is up 2.2%

** Stocks surge amid rising demand for induction stoves due to conflict-driven shortage of liquefied petroleum gas, or cooking gas

** Kitchen appliance stocks buck broader market weakness as Middle East conflict escalates, with Nifty 50 .NSEI index down 3.5% and set for its worst day since June 2024 .BO

** STOE, BUTT up over 8% each since conflict began end-February, TTKL is down 6.7%, while Nifty 50 index has dropped 8.8%

(Reporting by Nandan Mandayam in Bengaluru)

((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))

By Praveen Paramasivam

CHENNAI, March 12 (Reuters) - Indian households are rushing to buy electric induction stoves, draining stocks online and in stores, amid fears of a potential cooking gas shortage tied to the Middle East conflict.

India, the world's ​second-largest importer of liquefied petroleum gas (LPG), has invoked emergency powers to boost supplies for households even as availability tightens for commercial users including canteens, hostels and restaurants.

Meanwhile, consumers are buying electric cooking appliances as a precaution, with some households worried about refill delays and higher prices.

Checks by Reuters on Thursday showed several induction stove models were unavailable on Amazon AMZN.O, Walmart-backed WMT.O Flipkart, Eternal's ETEA.NS Blinkit and Zepto, while some offline chains said fresh supplies were still days away.

Induction stove sales on Amazon India have jumped more than 30-fold, while rice cookers and electric pressure cookers are up fourfold, a company spokesperson said.

Kitchen appliances maker TTK Prestige TTKL.NS said demand for induction stoves had surged far beyond supply.

"There is a threefold surge (in demand)," CEO Venkatesh Vijayaraghavan told Reuters.

The company has raised its production capacity to 100% from about 70% before the start of the war, and increased staffing by roughly 15%. It also plans to raise prices of induction stoves in the June quarter to offset any higher costs.

Induction stoves accounted for about a tenth of TTK's 25.30 billion rupees ($274.52 million) standalone revenue in 2024–25.

Online shopping platforms also showed models from Butterfly CROP.NS, Havells India HVEL.NS and Bajaj Electricals BJEL.NS marked as "currently unavailable".

Google Trends showed search interest for induction stoves hit a record high on March 12, while some restaurant chains, including Wow Momo and California Burrito, said they were exploring induction stoves as a contingency plan.

Anand Rathi analyst Manish Valecha said large kitchen appliance makers with domestic assembly and strong distribution, including TTK Prestige, Butterfly and Stove Kraft STOE.NS, are best placed to benefit from the surge in induction cooktop demand. But reliance on imported components could pose supply risks if the spike persists, he added.

TTK Prestige will switch from sea shipments to airlifting components sourced from China and Southeast Asia, absorbing higher costs to ensure supplies if disruptions persist, Vijayaraghavan said.

The Middle East conflict has disrupted shipping through the Strait of Hormuz and the Gulf, raising costs and tightening oil and gas supplies from the Middle East. O/R

On Thursday, the Suezmax tanker Shenlong reached Mumbai with Saudi crude, becoming the first crude carrier to arrive in India from the Middle East since the war between Iran and the United States and Israel erupted in late February, LSEG data showed.

($1 = 92.1625 Indian rupees)

(Reporting by Praveen Paramasivam in Chennai; Editing by Dhanya Skariachan and Leroy Leo)

((Praveen.Paramasivam@thomsonreuters.com; +91 867-525-3569;))

** Shares of India's Crompton Greaves Consumer Electricals CROP.NS jumps 5.5% to 258.61 rupees

** Co reported 10.5% y/y fall in Q3 profit due to one-time charge linked to India's new labour codes; revenue rose 7.3% y/y

** ICICI Securities says profit decline driven by one-off expense; underlying operating performance remained steady, helped by revenue growth and margin resilience

** Centrum Broking says labour-related cost distorted co's earnings, even as margins improved on better product mix and cost discipline

** BOB Capital Markets says co's foray into new categories like residential wires, solar rooftop solutions expands its addressable market and improves medium-term growth visibility

** Stock lost 36.3% in 2025, down about 3% so far in 2026

(Reporting by Surbhi Misra in Bengaluru)

((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))

Feb 6 (Reuters) - Crompton Greaves Consumer Electricals Ltd CROP.NS:

• CROMPTON GREAVES CONSUMER ELECTRICALS Q3 CONSOL NET PROFIT 983.1 MILLION RUPEES

• CROMPTON GREAVES CONSUMER ELECTRICALS Q3 CONSOL REVENUE FROM OPERATIONS 18.98 BILLION RUPEES

Source text: [ID:]

Further company coverage: CROP.NS

((Reuters.Briefs@thomsonreuters.com;))

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

• CROMPTON GREAVES - GOT ORDER FOR 232 SOLAR SYSTEMS VALUED AT 47.6 MILLION RUPEES

Source text: ID:nBSE1kscws

Further company coverage: CROP.NS

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** Consumer durables NIFTY .NIFCODU rises 0.66% as India reduces GST on ACs, dishwashers, and many TVs to 18% from 28%

** Sub-index set to rise for sixth straight session

** Cut bodes well from long-term perspective for sector, especially for AC companies as it is significantly under-penetrated - ICICI Securities

** Adds, Voltas VOLT.NS, Blue Star BLUS.NS and Whirlpool WHIR.NS direct beneficiaries, as festive season looms

** VOLT down 0.7%; WHIR, BLUS rise 1.8% and 1.4%, respectively

** Footwear retailer Bata India BATA.NS gains most on index at 6.3%; Goldman Sachs says GST on 40% of Bata's sales under 1,000 rupees will drop to 5% from 12%, most of rest under 2,500 rupees will move to 5% from 18%

** Index up 8.4% since GST plans announced on Aug 15

(Reporting by Urvi Dugar)

((UrviManoj.Dugar@thomsonreuters.com))

** Indian air-conditioner and fan manufacturers up between 2% and 7%

** Government to abolish the 28% goods and services tax slab, under which consumer durables such as air conditioners and refrigerators are currently taxed

** These goods are likely to be taxed at 18% under the proposed cuts, which could be implemented around the festival of Diwali in October

** Air-conditioner manufacturers Blue Star BLUS.NS and Voltas VOLT.NS up 6.88% and ~6%, respectively, on the day

** Wires and cables manufacturer Havells India HVEL.NS, which also sells air-conditioners and refrigerators under its Lloyd brand, up 5.2%

** V-Guard VGUA.NS and Crompton Greaves CROP.NS, which sell fans and coolers, up 3% and 2.5%, respectively

(Reporting by Ananta Agarwal in Bengaluru)

((Ananta.Agarwal@thomsonreuters.com))

** Jefferies says Indian equities set for short-term rebound after underperforming MSCI Emerging Markets .MIEF00000PUS by 24 pct points over 2024

** MSCI India index .MIIN00000PUS trailed MSCI EM by 18 pct points since mid April, weighed by slower growth, weaker earnings, soft rupee

** Brokerage says history shows India often bounces after 15%–20% relative underperformance

** Sees record domestic inflows, likely September-quarter earnings rebound from low base as triggers for potential bounce in markets

** Notes India–U.S. trade dispute resolution could also lift sentiment, aid rally

** But, warns rally may not sustain as share price to earnings growth mismatch, fresh equity supply loom

** Prefers recent laggards like Lodha LODH.NS, Cholamandalam Investment CHLA.NS, Adani Energy ADAI.NS, Shriram Finance SHMF.NS, Jubilant Foodworks JUBI.NS, Mankind Pharma MNKI.NS, NTPC NTPC.NS, Crompton Greaves Consumer CROP.NS

** Remains bullish on cement

** Has 26,000 as year-end Nifty 50 .NSEI target - 6% above last close, 1% below record high

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

Aug 7 (Reuters) - Crompton Greaves Consumer Electricals Ltd CROP.NS:

• CROMPTON GREAVES CONSUMER ELECTRICALS Q1 CONSOL NET PROFIT 1.22 BILLION RUPEES, IBES PROFIT EST. 1.53 BILLION RUPEES

• CROMPTON GREAVES CONSUMER ELECTRICALS Q1 CONSOL REVENUE FROM OPERATIONS 19.98 BILLION RUPEES, IBES EST. 21.71 BILLION RUPEES

Further company coverage: CROP.NS

((Reuters.Briefs@thomsonreuters.com;))

** Butterfly Gandhimathi Appliances BUTT.NS jumps 9.6% to 777 rupees; marks biggest pct gain since May 12

** Kitchen appliances maker's Q1 profit soars more than two-fold y/y; rev up ~3%

** Co says it witnessed strong growth in mixer grinder and pressure cooker sales

** YTD, BUTT down 11.4%

(Reporting by Yagnoseni Das in Bengaluru)

((Yagnoseni.Das@thomsonreuters.com;))

** Goldman Sachs says it expects India's consumer durables and electricals' cos growth to moderate in current quarter

** Adds, while B2B sales for consumer durables have a better outlook due to higher-than-expected govt capex in April, B2C is likely to see muted growth on weak demand for cooling products due to early monsoons

** Goldman sees a lackluster quarter for Crompton Greaves CROP.NS and Havells HVEL.NS amid pressure on fans and ACs, cuts revenue estimates by 1%-2% for both across FY26-28

** Of all consumer durable players Goldman covers, it expects Voltas VOLT.NS to have the lowest y/y growth due to high base in cooling products; cuts revenue estimates by 4% for FY26

** In wires and cables, it expects muted price-led growth, with commodity price volatility expected to crimp margin improvement

** On the day, VOLT, HVEL and CROP up between 0.5% and ~1%

(Reporting by Ananta Agarwal in Bengaluru)

((Ananta.Agarwal@thomsonreuters.com))

April 17 (Reuters) - Crompton Greaves Consumer Electricals Ltd CROP.NS:

• SOLAR WATER PUMP ORDER FROM MEDA

• ORDER FOR 433 SOLAR WATER PUMPS WORTH 106 MILLION RUPEES

Source text: [ID:]

Further company coverage: CROP.NS

((Reuters.Briefs@thomsonreuters.com;;))

March 25 (Reuters) - Crompton Greaves Consumer Electricals Ltd CROP.NS:

• CROMPTON GREAVES CONSUMER ELECTRICALS LTD - RECEIVES TAX DEMAND NOTICE OF 299.2 MILLION RUPEES

Source text: ID:nNSEc3Z8Bd

Further company coverage: CROP.NS

((Reuters.Briefs@thomsonreuters.com;))

** 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)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

** 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)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

** 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)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

** 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)

((Manvi.Pant@thomsonreuters.com; +918447554364;))

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

((Reuters.Briefs@thomsonreuters.com;;))

** 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)

((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))

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

((Reuters.Briefs@thomsonreuters.com;))

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

((Reuters.Briefs@thomsonreuters.com;))

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)

((VijayDattaram.Malkar@thomsonreuters.com;))

** 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)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

** 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)

((kashish.tandon@thomsonreuters.com))

** 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)

((dimpal.gulwani@thomsonreuters.com))

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

((Reuters.Briefs@thomsonreuters.com;))

** 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)

((varunvyas.hebbalalu@thomsonreuters.com))