Havells India's Q3 earnings are in-line with street estimates with a 30 percent rise in the topline and a similar jump in the profits also. In an interview with CNBC-TV18, Anil Rai Gupta, CMD of Havells India spoke about the results and his outlook for the company.
Havells India has just announced their entry into the water purifier segment. In an interview with CNBC-TV18, Narendra Choudhary, Executive VC of the company spoke about the latest happenings in his company and sector.
Structural demand in consumer durables was weak due to GST, said Anil Rai Gupta, CMD, Havells.
Havells India posted disappointing numbers for Q1FY18. The operational front performance was weak. “This was a special quarter because of the transition of value added tax (VAT) regime to the goods and services tax (GST) regime. Things should come back to normal in the coming quarters,” Anil Rai Gupta, CMD of Havells India told CNBC-TV18.
In an interview to CNBC-TV18, Anil Rai Gupta, CMD of Havells India spoke about the goods and services tax (GST) and latest happenings in the company.
In an interview to CNBC-TV18, Anil Rai Gupta, CMD of Havells India spoke about the results and his outlook for the company.
The acquisition was financed through internal accruals, said Anil Rai Gupta, CMD, Havells India.
On the side-lines of AIMA's event in Delhi, Ashpreet Sethi of CNBC-TV18 caught up with Pawan Munjal, MD of Hero Motocorp and Anil Rai Gupta of Havells India.
Their main aim is to deleverage the balance sheet and increase investments into high margin businesses like OEMs, rail and defence air conditioners, transport air conditioners etc, said Nipun Singhal, Director, Lloyd Electric & Engineering.
Competition is healthy for any business because it brings in pricing efficiency and product quality into the market, says B Thiagarajan, Joint MD, Blue Star commenting on the acquisition of Lloyd Electric by Havells India.
In an interview with CNBC-TV18, market veteran SP Tulsian and Rabindra Nath Nayak of Dolat Capital Group Company gave their take on the Havells-Lloyd deal.
Havells India CMD, Anil Rai Gupta, says the impact of demonetisation may not be seen in the fourth quarter. The electrical equipment manufacturer reported increased profit at 27.5 percent year-on-year in the quarter ended 2016.
The goods and services tax (GST) will not put Havells India's margins under pressure, says company CMD Anil Rai Gupta. But he says the benefits passed on to consumers will be limited once GST is implemented.
Havells India grew at 13 percent in the first half of current fiscal. Considering the satisfactory growth rate in the current quarter, Anil Rai Gupta, Chairman and Managing Director Of Havells India.
In an interview to CNBC-TV18, Shantanu Khosla, MD of Crompton Greaves Consumer Electrical said that they want to grow the topline faster than the market.
Anil Rai Gupta, Chairman and Managing Director, Havells India, said all of the company's verticals, except cables, saw 20 percent growth in the quarter.
Speaking to CNBC-TV18 Saurabh Goel, Executive VP of Havells India said the rationale behind launching an advanced water heater was to bring a high-tech product to consumers.
With a major focus on cost efficiencies and price management, they are confident of double-digit growth for the company going forward, said Anil Rai Gupta, CMD, Havells India
Speaking to CNBC-TV18, Vivek Yadav, VP of Havells India said that this segment represents a very attractive proposition as the current market size is small â€“ about Rs 500 crore â€“ and expects Rs 100 crore revenue from it by 2020.
While India will be the main focus, the company is also looking to increase presence in West Asia, Africa and South East Asia, Anil Rai Gupta, CMD, Havells India tells CNBC-TV18.
Anil Rai Gupta, CMD, Havells India is hopeful of an improvement in growth in the Latin America business going forward.
In an interview with CNBC-TV18, Anil Rai Gupta, CMD of Havells India said the demand is expected to pick-up in the second half of this year.
Anil Rai Gupta, Chairman and Managing Director of Havells India says he is hopeful about interest rates falling, inflation coming off, and demand picking up in residential, commercial as well as industrial sector.
Bajaj Electricals CMD Shekhar Bajaj says with winter not setting in yet, sales of winter-dependent products are yet to pick up. Also, with online retailers offering such steep discounts, there is confusion in the minds of consumers.
Anil Rai Gupta of Havells India is confident that the overall growth in FY15 will be better than FY14 and is hopeful of achieving 13-13.5% EBITDA margins for the domestic market and 5-5.5% for international markets in FY15.