Havells India Q4 Results Review - B2C Demand Recovery Priced In; Downgrade To Neutral: Yes Securities

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.Havells India Ltd. revenue growth has been aided by continued industrial and infrastructure led B2B segment, with some early signs of benefit from real estate uptick and positive start for the summer products. ECD has registered growth of 22%, led by strong performance of fans which has grown higher than segment albeit on low base. Gross margins have improved on YoY basis, while flowthrough of higher gross margin has resulted in Ebitda margin improvement. Lloyds has been mixed bag for the quarter as revenue grew 6% yoy while Ebit margins stood at 2.7% with double digit contribution margins. Lower revenue growth for Lloyd’s is attributed to more focus on sell out rather than inventory filling. Management expects strong demand for summer products to continue in Q1 as well, while uptick in real estate to result in positive demand for B2C products with continued demand for B2B categories on sustained infrastructure development..Click on the attachment to read the full report:.Havells India Q4 Review - Strong Revenue Growth In ECD, Cables; Lloyd Turns Ebit Positive: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Havells India Q4 Results Review - B2C Demand Recovery Priced In; Downgrade To Neutral: Yes Securities

Recent rally in the stock price has priced in all the positives

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

Havells India Q4 Results Review - B2C Demand Recovery Priced In; Downgrade To Neutral: Yes Securities

Recent rally in the stock price has priced in all the positives

Choose a plan

Follow Us

DOWNLOAD THE APP