Quote on Havells India Ltd is a leading player in electrical consumer goods in India by Mr. Amarjeet Maurya, Angel One Ltd
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Below is quote on Havells India Ltd is a leading player in electrical consumer goods in India by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel One Ltd
Havells India Ltd (HIL) is a leading player in electrical consumer goods in India. During the 2QFY22, Havells India reported results below our expectation on the bottom-line front. Top line grew by ~32% to Rs3,238cr on the back of a) demand recovery, b) low base and c) pricing actions. However,PAT de-grew by ~7% yoy to Rs302cr due to increase in raw material cost. Considering cost in near term and 2QFY22 Result, thus we have neutral rating on stock.
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