Havells India

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Analysts expect a rise in demand for air conditioners, coolers, fans and refrigerators to help related companies clock firm sales following the post-Diwali slump due to inflationary pressures

The cost of raw materials and components consumed stood at Rs 2,321.99 crore compared to Rs 2,089.59 crore in the year-ago period, the company said

Maiden air purifier under the Havells' Studio line, the Meditate is priced at Rs 64,900. It will be available on e-commerce platform Amazon in silver satin colour

Havells India Ltd on Wednesday reported a 38.15 per cent decline in its consolidated net profit to Rs 187.01 crore for the second quarter ended on September 30, 2022, as commodity inflation hit its margins. The consumer electrical goods maker company had posted a consolidated net profit of Rs 302.39 crore in the July-September quarter a year ago, Havells said in a regulatory filing. Havells' revenue from operations rose by 13.63 per cent to Rs 3,679.49 crore during the period under review as against Rs 3,238.04 crore in the corresponding period last fiscal. Its total expenses were at Rs 3,471.57 crore, up 21.10 per cent during the second quarter of FY 2022-23 as against Rs 2,866.54 crore. Havells India Chairman and Managing Director Anil Rai Gupta said: "Decent revenue growth considering the inflationary environment. Margins adversely impacted due to commodity cost fluctuation." "We believe that margins have hit the trough and are expected to improve hereon. The demand outlook rem

Electrical goods and appliance maker Havells on Wednesday said it is planning to expand washing machine production capacity at its Rajasthan's Ghiloth plant, where it will invest Rs 130 crore. This expansion would be financed through internal accruals, said Havells in a regulatory filing. The Ghiloth plant already has the capacity to roll out 3 lakh units per annum and the company plans to add an additional capacity of 3.8 lakh units per annum. The proposed capacity addition would be done by June 30, 2023, it added. Established in 2018, Havells Ghiloth is spread over 2,02,343 square metres and primarily manufactures air conditioners under the brand Lloyd. On Wednesday, Havells said it is now beginning to set up a cable manufacturing unit at Tumakuru in Karnataka for a proposed annual capacity of 3,48,000 kilometer with an estimated investment of Rs 300 crore. "The entire investment will be funded through internal accruals. The production at the proposed unit at Tumakuru is expect

Even as the trend is seen continuing in Q2 before reversing in the second half, analysts are positive on the company

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Havells India Ltd on Wednesday reported an increase of 3.13 per cent in consolidated net profit to Rs 243.16 crore for the June quarter as margins were impacted due to commodity cost fluctuation.

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There will be no respite from inflationary pressure on raw material and supply chain costs in the near term, and this could create pressure on the customer's wallet, Havells India CMD Anil Gupta said.

Margin performance will be an additional trigger going ahead

Since the last couple of months, HAVELLS INDIA has corrected by almost 26 per cent from the top and is now hovering near 1200-mark

The company also faces margin headwinds due to rise in raw material costs

In Q3, standalone ebitda margin contracted 390 bps to 12.1 per cent due to elevated commodity costs and partial transition in pricing especially in consumer durables.

Homegrown consumer appliances major Havells India on Thursday said its washing machine manufacturing unit at Ghiloth in Rajasthan has gone on stream.

Demand recovery, however, has been strong which could help partially offset cost inflation

In Q2, Ebitda margin declined 338 bps year-on-year to 13.8 per cent, mainly due to higher raw material costs