Havells India Q1 - Volume Across Product Categories Continues To Grow On Three-Year CAGR Basis: Yes Securities

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..Yes Securities Report.Havells India Ltd. continues to surprise positively on the revenue growth led by strong growth in volumes. Volume of the quarter on the blended basis has seen growth of 40%; even on three-year compound annual growth rate basis volume growth has been in the range if mid-single digit to low double digit. Gross margins continued to remain under pressure as company refrained from taking price increases as they didn’t want to disturb strong demand momentum. On the margin front, Havells expects margins to improve from Q3 as commodity prices have corrected and are trending lower. Inventory adjustments on account of lower commodity prices especially in wires and cables will be done by Q2..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Havells India Q1 - Volume Across Product Categories Continues To Grow On Three-Year CAGR Basis: Yes Securities

Havells India Q1 - Volume Across Product Categories Continues To Grow On Three-Year CAGR Basis: Yes Securities

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