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


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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.