Havells India Q4 Review - Covid-19 Wave Stalls Demand Momentum: Prabhudas Lilladher

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

We cut FY22/FY23 estimates of Havells India Ltd. by 9.1%/ 4.8% given-

1. Covid-19 second wave led demand disruption,

2. Commodity inflation led margin pressure.

The company reported another strong performance aided by:

1. Sustained momentum in consumer portfolio

2. Pick up in infra and industrial portfolio from January onwards

3. Low cost inventory.

The management remained cautious in the near term given second Covid-19 wave led demand disruption and commodity inflation.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.