Motilal Oswal: Havells India Q2 Review - Big Beat Aided By Record High Margins
Workers assemble component for E-Lite LED 18 W Pride Plus lights on the production line of the light-emitting diode (LED) fixture assembly unit at the Havells India Ltd. (Photographer: Udit Kulshrestha/Bloomberg)

Motilal Oswal: Havells India Q2 Review - Big Beat Aided By Record High Margins

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.

Motilal Oswal Report

Havells India Ltd.’s revenue came in 14% above our estimates, with strong growth across the electrical consumer durables segment and Lloyd.

The company gained market share across most of the B2C product categories.

Negligible advertisement spends and on-going cost rationalization measures led to a strong beat in earnings as Ebitda margins came in at an all-time high of 17.2%.

The company’s core portfolio saw 6% YoY growth in Q2 FY21, and Lloyd was up 56% YoY.

Click on the attachment to read the full report:

Motilal Oswal Havells India Q2FY21 Result Update.pdf

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 brokerage 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.