Havells Quarter

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

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.

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.

Consumer electrical goods maker Havells India on Thursday reported 70.95 per cent rise in consolidated net profit at Rs 303.83 crore for the fourth quarter ended March 31, 2021.

Surge in company's share price and premium valuations do not offer a favourable risk-to-reward equation, say analysts

Net profit at Rs 1.94 bn helped by one-time gain of Rs 210 mn came significantly higher than expectations of Rs 1.69 bn