Moneycontrol
HomeNewsBusinessMoneycontrol ResearchHavells India: Are margins going to shape up?
Trending Topics
Sensex Live
Pine Labs Share Price
Tenneco Clean Air India IPO
Groww IPO
Gold Rate

Havells India: Are margins going to shape up?

Sachin Pal & Neha Gupta   •

The company is focusing on market share gain but stock appears to be overvalued

Havells India | CMP: Rs 1165.95 | The stock was down 7 percent after the firm reported a 38% fall in quarterly profit on Wednesday, missing analysts' estimates widely, dented by a fall in margins and higher expenses. The company's profit for the three months ended Sept. 30 came in at 1.87 billion rupees ($22.50 million), compared with 3.02 billion rupees a year ago. Analysts on average had expected a profit of 2.76 billion rupees. The company said impact on margins in its cable business and Lloyd were more pronounced, while short-term destocking in fans led by changes in energy-efficiency norms also hurt results.

To read the full story,

Subscribe to Moneycontrol PRO
  • Ad-free Experience
  • Access Exclusive Stories
  • Weekly Investment Ideas
  • Daily Technical Calls

Are you a PRO subscriber? Sign In

What Do You Get

  • Ad free Experience

    Seamless navigation, faster responses.

  • Expert Perspective

    Explore 230+ exclusive editorials every month

  • +

    Uncover Insights from World-Renowned Experts and Journalists

  • Actionable Insights

    40+ weekly investment ideas + 3 to 4 daily technical calls

  • Virtual Events

    Exclusive Live Webinars for Expert Trading & Investment Strategies!

  • Newsletters

    Stay ahead with daily and weekly insights

View Offers

Unlock exclusive discounts

Disclosure & Disclaimer

This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More