Published on 21/01/2021 11:04:21 AM | Source: Angel Broking Ltd
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Havells India Ltd (HIL) is a leading player in electrical consumer goods in India. During the 3QFY21, Havells India reported strong results and beat all the parameters. Top line grew by ~40% to Rs3,175cr and PAT grew by 75% yoy to Rs350cr on back of strong performance all across the business segments. Going forward, we expect healthy top-line and bottom-line growth on the back of a strong brand, market share gain and wide distribution network. Hence, we are positive on stock.
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