Havells India (HAVL) has reported a dismal performance in 3QFY20, with revenue declining by 10% YoY to Rs22.7bn owing to lower revenue across segments led by slowdown especially in B2B segment. Switchgear revenue fell by 6% YoY due to slowdown in industrials switchgear owing to sluggish infra and govt-driven projects. Revenue from Cable & Wire segment declined by 13% YoY due to lower realisation in power cables and low single-digit growth in domestic wires business. Lloyd revenue fell by 16% YoY due to disruption in LED TV business. ECD segment also disappointed with flat sales, which has been supporting the growth since several quarters. EBITDA margin remained flat on YoY basis at 11.8% due to lower share of...