1501.3000 -27.60 (-1.81%)
NSE Apr 01, 2025 15:57 PM
Volume: 723.7K
 

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Havells India Ltd.
20 Jul 2018
1501.30
-1.81%

Havells India

JM Financial
Strong overall performance; broadly in line with estimates Havells reported robust 1QFY19 results with strong growth across product categories coupled with margin expansion. While Havells (ex-Lloyd) revenue/EBITDA grew 22% YoY (like-to-like)/37% YoY, Lloyd reported 14% like-to-like sales growth (vs. 10% FY19 guidance). We continue to believe in Havells' endeavours to expand its distribution (including B2B/Enterprise scale up) and product portfolio; also, brand building (spent INR 1.2bn in 1QFY19; +57% YoY) would go a long way in improving its growth trajectory as macros...
Havells India Ltd.'s price crossed below 50Day SMA today
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