Havells India - Core Margin Disappoints; Loss of Lloyd Narrows
Havells India (HAVL) reported weak 2Q results with 3-5pp margin miss across segments as segmental margins contracted 2-6pp YoY (excluding...
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Havells India - Healthy Growth in Cables & Lloyd, Margins Contracted
Havells India’s (HAVL) reported healthy growth in revenue led by Cables and Lloyd’s non-season products (22.8%/18.5% YoY), while Switchgear saw...
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Havells - White Goods
Havells reported strong performance in B2C segment with 20% revenue growth YoY. Broad-based growth across segments led to strong revenues but...
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Havells India (Q2FY25): Near-term blip an opportunity to ADD
While Havells’ Q2 revenue print (+16% YoY) surprised positively (+3% vs HSIE), its operational performance disappointed with EBITDAM falling by...
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Havells India - Margin Improvement a Tad Below Expectation.
Havells’ Q1 revenue print was largely in line with our estimates with the growth (+20% YoY) being led by the summer portfolio (ECD: +20%, Lloyd: +...
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