Havells reported sales growth of 17% YoY in Q4FY17 led by the strong performance of cable, switchgear and electrical consumer durable (ECD) by ~13%, ~16% and 28% YoY, respectively, post demonetisation. The company has taken a price hike to the tune of ~2-4% YoY led by a rise in commodity price. The lighting division revenue declined ~2% YoY due to a decline in conventional lighting systems and 19% YoY dip in export to Sylvania. However, excluding CFL, lighting division recorded growth of 23% YoY...