Ideas for Profit | 4 factors that make Crompton Greaves Consumer Electric a compelling buy
  • 5 years ago
Consumer durable companies -- Crompton Greaves Consumer Electrical (CGCE) and V-Guard Industries -- reported a mixed set of financials in Q3 FY19. While topline growth was steady for both companies, their operating performance was weaker as margins were impacted by higher commodity prices and increase in selling and distribution expenditures. Despite a lacklustre quarterly performance, the companies continue to expand their distribution network and are gaining market across product categories
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