Page 3 - Havells India

Havells delivers a strong beat in Sept quarter operational performance

While cost control drove margins and consumer demand rebounds, further gains may restricted as projects business is yet to recover and valuations are stretched

Havells Q2 net up 82% to Rs 326 crore, sales up 10% at Rs 2,459 crore

Consumer electrical goods maker Havells India Ltd on Thursday reported an increase of 81.97 per cent in its consolidated net profit at Rs 326.36 crore for the second quarter ended September 2020. The company had posted a consolidated net profit of Rs 179.34 crore in the July-September quarter a year ago, Havells said in a regulatory filing. Its revenue from operations was up 10.16 per cent to Rs 2,459.49 crore during the period under review, as against Rs 2,232.65 crore in the corresponding period last fiscal, the company said. "We are encouraged with the pace and extent of demand recovery. Consumer & Residential demand is robust, however Industrial & Infrastructure sales remain sluggish though trending towards a gradual recovery," Havells India Chairman and Managing Director Anil Rai Gupta said. He further noted that "our initiatives in rural, online and channel engagement have well delivered," he added. Havells total expenses were at Rs 2,113.92 crore, as against Rs 2,055.55

DGFT's new rules for AC imports: Right move with little impact, say experts

While companies cannot import gas-filled AC units, there are no curbs on importing similar AC units without refrigerant

Havells India gains 3% on hopes of improvement in operational performance

The stock is trading close to its 52-week high level of Rs 717, touched on November 8, 2019

Festival boost: Home appliance makers look to regain some lost ground

CG Consumer among top picks because of increased demand for home and kitchen gadgets; Voltas preferred among AC makers

Here's a Bull Spread strategy for Havells India by HDFC Securities

The primary trend of the stock is positive where the stock price is trading above its 200 day Moving average

Havells' bet on the Indian consumer fails to fire its growth engine

In FY20, firm reported its first decline in annual revenues and profits after 2 decades of uninterrupted growth; quarterly revenues declined for 3rd quarter in June

'Quality' stocks come at a premium, valuations have crossed pre-Covid level

The P/E for Bharti Airtel and Avenue Supermarts is currently below the pre-Covid levels. Reliance Industries, Cipla, Havells India, and Eicher Motors have seen the maximum P/E expansion

Near-term demand uncertainty for Havells likely to weigh on sentiment

Though revenues declined 45 per cent year-on-year (YoY) to Rs 1,479 crore, there was a better-than-expected rebound in June sales, which pushed top line ahead of consensus estimate of Rs 1,302 crore

Havells India to raise Rs 500 cr through issuance of commercial paper

The company had reported a consolidated net profit of Rs 63.98 crore in the first quarter ended June 30

Havells: Near-term demand uncertainty to weigh on Street sentiment

The company said that demand markets were tepid initially because of lockdowns, but picked momentum in the later half of May.

Recovery in crucial urban market will take longer: Havells India CMD

Anil Rai Gupta says how managing costs, shedding bureaucratic shackles, and improving productivity at every level will be crucial to weathering a storm

Street impressed by Polycab's margin expansion in fourth quarter of FY20

While near-term prospects hinge on unlocking of economy, the stock remains a good valuation play, say analysts

Voltas' consumer business delivers a cool surprise in Q4, posts 20% growth

But, analysts have lowered earnings estimate due to high channel inventory

Havells India falls for third straight day, hits fresh 52-week low

Analysts believe recovery in business would be slower for Havells India as compared to peers' due to higher exposure to real estate/industrial products and higher share of premium products

Havells no more a cool stock as Covid-19 dents Q4 show, FY21 outlook

Analysts expect profits to reach FY19 levels only next fiscal

Covid-19 lockdown: 70% listed firms may dip into reserves for April pay

This will make it tough for many of them to service their fixed costs, such salary and wages, as well as interest on their loan.

Havells India eyes Rs 600-700 cr revenue from water purifier business

The company now boasts of 20 products in the water purifier business segment

Havells India hits 52-week low on weak December quarter results

The deterioration in economic macros, sectoral liquidity challenges and slowdown in infrastructure segment has disproportionately impacted demand for industrial cables and industrial switchgear.

Havells' underperformance may take a while to reverse; stock falls

Valuation of 34x FY21 earnings does not capture whole picture