Havells share : Havells’ results have been weak in the third quarter. There has been a 3 percent decline in profits. Margin has also decreased by one percent. However, there has been a growth of about 11 percent in revenue. Even after these results, the stock is seeing a rise today. Currently, this share is trading around Rs 1590 on NSE with an increase of Rs 31.75 or 2.04 percent. Its daily high till date today is Rs 1,616.25 and daily low is Rs 1,534. The 52 week high of the stock is Rs 2,106. The company has also announced an interim dividend of Rs 4 per share.
Discussing these results and future growth outlook, the company’s Chairman and Managing Director Anil Rai Gupta said that excluding wire, we have seen a growth of 14-15 percent. The growth in the third quarter has been good. There are signs of improvement in consumer sentiment. LLOYD’s performance has been as expected. LLOYD’s market share is increasing. There is complete confidence about LLOYD’s growth.
Commenting on the results, Havells management further said that volume growth is expected to remain good going forward. Further growth is expected in consumer durables. There are signs of improvement in consumer sentiment. There is no concern about margins. Margins will improve further.
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Havells But the brokerage’s outlook is also bullish. CLSA says Havells’ EBITDA in the third quarter was lower than expected. Rumpany’s revenue in the third quarter was in line with expectations. Strong growth has been seen in electric consumer durables. According to the management, there is improvement in consumer demand. The company’s cable business has been impacted by inventory de-stocking. Based on this analysis, CLSA has given ‘Outperform’ rating to Havells India and set a target of Rs 2,120 per share.
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