Havells India Q1 Review - Good Results In A Covid Quarter: Dolat Capital
A worker demonstrates LED bulbs at the Havells India Ltd. manufacturing plant in Neemrana, Rajasthan (Photographer: Udit Kulshrestha/Bloomberg)

Havells India Q1 Review - Good Results In A Covid Quarter: 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. 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:

Dolat Capital Havells India Q1FY22 Result Update.pdf


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