BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
We interacted with the management of Havells India Ltd. to comprehend the current consumer demand and inventory situation in its categories.
The management affirmed that consumer sentiments remained intact despite the inflationary environment. Margin pressure persists in cables and Lloyds and management re-iterated that it would revive in H2 FY23.
Over medium to long term, we expect Havells to benefit from its diversified product portfolio, extensive distribution reach and in-house manufacturing.
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