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Quote on Havells India Q1FY25 Result by Arun Agarwal, VP-Fundamental Research, Kotak Securities
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Below the Quote on Havells India Q1FY25 Result by Arun Agarwal, VP-Fundamental Research, Kotak Securities
Strong summer resulted in robust demand of cooling products such as air conditioners, air coolers and fans. Accordingly, Havells India reported healthy revenue growth supported by robust growth in Lloyd and electrical consumer durable (ECD) segment in Q1 FY25. Other segments like switchgear, cable & wires (C&W) and lighting reported single-digit revenue growth during the quarter.
In terms of margins, the performance was mixed. ECD, switchgear and C&W segment margins contracted Y-o-Y. However, lighting segment EBIT margin remained resilient and Lloyd’s EBIT margin improved Y-o-Y and Q-o-Q.
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