The strong performance of the wires & cables division was offset by weakness in the ECD and Lloyd segments
Brokerages say the demand pickup in the summer season and the sustainability of Lloyd's margin will be key monitorables for the firm in the near term.
Motilal Oswal recommended Neutral rating on Havells with a target price of Rs 1650 in its research report dated March 27, 2025.
Although the company reported a rise in revenue, its net profit dropped to Rs 278 crore in Q3 FY 25. This marks a fall of 3% from Rs 287.91 crore net profit reported for the same quarter (Q3) of the previous financial year (FY 24).
The firm's revenue from operations rose 10% to Rs 4,888.98 crore revenue in Q3FY25
Anand Rathi is bullish on Havells, India has recommended buy rating on the stock with a target price of Rs 2117 in its research report dated October 20, 2024.
ICICI Securities is bullish on Havells recommended buy rating on the stock with a target price of Rs 2120 in its research report dated October 18, 2024.
Our coverage includes Infosys, Dalmia Bharat, Havells and L&T Technology Services.
The ongoing government-led capex thrust, rural recovery, and focus on premiumisation are all likely to be contributors to the rally in the durables index.
In the March quarter, air conditioners were the best performing consumer durables category, with the industry growing in excess of thirty percent.
ICICI Securities is bullish on Havells recommended buy rating on the stock with a target price of Rs 1940 in its research report dated May 02, 2024.
Havells Q4: total revenue stood at Rs 5,434 crore, rising 12 percent from Rs 4,850 crore in the year-ago quarter
Havells is planning to launches a range of cooktops, hobs, chimneys and other built-in appliances by May and is aiming to be among the top players over the next three years.
Experts say the focus on launching new products, coupled with good deals and enhanced distribution, should help brands during the festive season.
The brokerage firm suggest that categories such as fans, lighting, refrigeration and air conditioning, and kitchen appliances are set to benefit in the latter half of FY24 and FY25.
Havells India reported a consolidated net profit of Rs 287.07, up 18 percent. The company reported a 13.8 percent increase in revenue YoY.
Motilal Oswal has reinitiated a buy call on the stock with a target price of Rs 1,580.
In the March quarter of FY23, most midcap companies witnessed significant margin expansion sequentially as high-cost raw material inventory was liquidated and commodity prices softened. Read on find Jefferies' picks
With 90 percent of its products manufactured in-house, Havells aims to strengthen its presence across the entire value chain, the annual report said.
According to the survey, the four leading brands in the fan segment are Bajaj, Havells, Orient, and Crompton
The company said its profit rose to 3.62 billion rupees ($44.28 million) for the three months ended March 31, from 3.53 billion rupees a year earlier.
Nifty is holding on to the 18,100 -mark amid buying in IT, banks and auto shares. Sun Pharma and HUL are among the top Nifty gainers but cement is in a spot of bother after UltraTech's Q3 earnings. Just a few days to go for Budget 2023, what is the capital goods sector expecting this time around? Catch Santo and Yatin talk about the market setup in the run up to Budget 2023. Also, stocks in focus are L&T, Thrmax, Atul & Havells.
Several Indian companies, including Maruti Suzuki, Dabur India and Marico, have spoken about the impact of inflation on consumer-spending.
Negative data, bearish breakdown, weak indicators, and oscillators indicate a down move in the stock. A short trade can be taken with a hedge
Bharat Forge has reported strong earnings for the September quarter leading Santo to feel bullish for the stock's prospects, but CJ sees risks ahead. Watch as the duo clash horns over the auto-cum-defence player plus their thoughts on IRCTC, MCX and Havells India.