BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Havells India Ltd. reported a strong set of numbers in a quarter marred by regional lockdowns.
Sales rose 75% YoY and Ebitda jumped 2.6 times YoY, due to the low base effect of Q1 FY21.
Balance sheet was robust with net cash of Rs 13 billion though sequentially lower due to working capital.
Recovery is expected in the coming quarters and Havells India is confident of managing input costs which have stabilised in the past couple of months.
Its focus continues on semi-urban and rural markets and it also expects market share gained by larger players in FY21 to sustain.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint 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 BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR