Havells India - Good Q4 Growth On A Soft Base: Dolat Capital

Havells India Ltd.(Photographer: Udit Kulshrestha/Bloomberg)

Havells India - Good Q4 Growth On A Soft Base: Dolat Capital

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.'s Q4 saw high growth across all segments due to the soft base of last year, with key numbers in-line with estimates.

Sales was up 50.6% YoY, Ebitda was up 107.9% YoY and profit after tax was up 71% YoY.

Balance sheet was robust with net cash of Rs 14 billion though net working capital days doubled to 56 days due to inventory.

While a recovery similar to FY21 is expected, the company expects it will be driven by urban markets as opposed to rural earlier.

Click on the attachment to read the full report:

Dolat Capital Havells India Q4FY21 Result Update.pdf

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