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Havells India: Upbeat consumer sentiment powers Q2 earnings

The pandemic has triggered a shift towards online shopping and Havells saw a 100 per cent growth in sales through the e-commerce channel on a small base

October 30, 2020 / 08:58 AM IST
Havells India: Upbeat consumer sentiment powers Q2 earnings

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Havells India (CMP: Rs 725; Market cap.: 45,389 crores) returned to sales growth in the September quarter and delivered a solid performance across all its business verticals. The management expects the recovery to continue into H2 FY21 on the back of a pick-up in consumer sentiment, further supported by the monetary and the fiscal policy measures taken by the government. Key result highlights After a tumultuous last couple of quarters, Havells returned to a more stable footing with revenues growing 10 per cent...

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