Outlook positive for CG Consumer despite home appliance firm's Q1 miss

Market share gains in key categories and entry into premium kitchen appliances are positives

The June quarter results of Crompton Greaves Consumer fell short of street estimates. Revenues for the company, which makes home and kitchen appliances, were broadly in line with analyst estimates, but the operational performance was disappointing.

Despite the Q1 miss most brokerages are bullish on the stock, given its entry into the premium kitchen appliance segment, market share gains in core categories of fans, pumps and LED lights. It has expanded its presence by acquiring Butterfly Gandhimathi Appliances.

The near-term trigger for the stock, which has remained flat since its results, would be demand trends, raw material prices and margin