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The coronavirus pandemic has spurred digitisation and Havells, which operates mainly in the consumer durables, appliances and electrical goods segment, is witnessing faster adoption of digital methods by its channel partners, he added.
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It didn‘t take too long for Havells India Ltd to be back on the inorganic route. So what if the 2007 acquisition of Sylvania didn‘t work exactly as planned?
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The acquisition of Lloyd Electric will be neutral on the earnings per share of Havells India's in FY18 and EPS-accretive thereafter, says Havells' CMD Anil Raj Gupta.
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Havells India today announced the acquisition of consumer durables business of the Lloyds group at an enterprise value of Rs 1,600 crores on a slump sale basis. Havells plans to finance the debt-free, cash-free deal through a mix of debt and internal accruals.
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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.
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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.
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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.
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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
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Today, Time Inc. announced the winners of the inaugural TIME India Awards, honoring leaders for manufacturing excellence in India, at the Make in ...
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Today, Time Inc. announced the winners of the inaugural TIME India Awards, honoring leaders for manufacturing excellence in India, at the Make in ...
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"Drop in commodity prices and export numbers have affected overall numbers," the electrical equipment manufacturer reasoned for subdued earnings.
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"Board of directors of the company today in its meeting (in China) has approved divestment plans proposed by one of its wholly owned subsidiary, Havells Holdings (HHL), Isle of Man," the company says in its filing to the exchange.
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Anil Rai Gupta, CMD, Havells India is hopeful of an improvement in growth in the Latin America business going forward.
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The company had posted a net profit of Rs 119.61 crore for the same period of previous fiscal, Havells India Ltd said in a BSE filing.
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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.
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Havells is also aiming to expand Promptec business to Rs 250 crore in next 3-4 years from its current revenues of Rs 35 crore. On being asked as how the multifold growth would be achieved, he said: "Promptec's technology would be benefited with our large marketing network.
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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.
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"We will maintain this 3.5 percent expense on the advertising and sales promotion," Anil Rai Gupta, Joint MD, Havells India said.
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Anil Rai Gupta, joint managing director of Havells India says the company is witnessing increased uptick in all product categories. He is confident of achieving 15-20 percent growth in FY15.
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Net sales of the company rose to Rs 1,174.03 crore for the third quarter ended December.
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Anil Rai Gupta, Joint Managing Director, Havells India, believes the Indian economy is bottoming out and a turnaround in sentiment should increase demand for its products.
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Anil Rai Gupta, Joint MD, Havells India expects to achieve around 12 percent overall growth for the entire year, higher than 9-10 percent guided earlier. He is hopeful that for the entire year overall margins would be at about 13.5-14 percent.
