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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

    Sachin Pal
    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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