ICICI Securities Ltd | Retail Equity Research Bajaj Electricals' (BEL) revenues at ~| 1055 crore were down ~7% YoY led by a lacklustre performance in consumer durable (CD) segment. CD sales (includes revenue from lighting segment) fell ~15% YoY owing to ~30% YoY decline in revenue from lighting segment. There was a sharp dip in sales of lighting segment mainly due to a sharp dip in sales of traditional lighting products and absence of any government orders. Sales from the project business...