Demand weakness continues for Lloyd and industrial products Havells witnessed sluggishness in demand of industrial products categories led by a slowdown in private capex and real estate sector. In addition to this, a sharp price erosion in the LED panel and lighting business also aided muted topline growth for the company in Q2FY20. However, the management expects a better demand scenario in H2FY20 over H1FY20 led by a revival in consumer sentiments with a recovery in demand of Lloyd's air conditioner business. Also, dealer addition in rural India coupled with...