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.
Prabhudas Lilladher Report
We change FY22/FY23/FY24 earnings per share estimate of Havells India Ltd. by down 2.2%/ down 2.3%/ 0.5% given-
margin pressures due to input cost inflation,
moderating near term demand due to inflation, omicron scare.
Havells India negatively surprised on gross margins for consecutive quarters due to inability to pass on raw material inflation as Q3 closed on a soft note. However, with not so severe third wave, management remains optimistic on demand resilience and will initiate gradual price hikes in coming months, which in our view will enable sequential margin improvement.
We expect Havells India to benefit from demand uptick in both consumer and industrial/infra (25% of sales) portfolio.
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