Havells India

From the robust banking and financial services domain, Axis Bank and Nippon AMC make the cut. The auto industry sees Maruti Suzuki and Samvardhana Motherson International (SAMIL) in the spotlight

In the previous trading session, it broke above the highs of the last four days, supported by a bullish divergence on the daily chart, which further strengthens the case for upward momentum

The company will add 14,00,000 units to its existing manufacturing plant by Q2FY27

Margin constraints could trip up earnings performance

Consumer electrical goods maker Havells India Ltd on Thursday reported an increase of 7.5 per cent in its consolidated net profit to Rs 267.77 crore in the September 2024 quarter, driven by improvements in consumer demand trends. The company had posted a consolidated net profit of Rs 249.08 crore in the July-September quarter a year ago, according to a regulatory filing. Its revenue from operations rose 16.38 per cent to Rs 4,539.31 crore in the September quarter. It was Rs 3,900.33 crore in the corresponding period last fiscal. The company had a "decent overall growth across segments driven by improvements in consumer demand trends," Havells India said in a post-result investor presentation. Moreover, a shift in the festive season led to the advancement of advertising & promotion spending of Havells in the September quarter, it added. Havells India's total expenses grew 18 per cent to Rs 4,268.94 crore in the September quarter. In addition, the company settled its insurance clai

Havells witnessed a sharp rally after a breakout from multi-month consolidation phase. However, in line with market corrective phase, the stock retraced towards the neckline of its previous breakout

We are seeing noticeable traction in the FMCG counters and ITC is trading in sync with the move. It has formed a buying pivot, after registering a breakout from bullish continuation pattern.

Industry revenue has risen above the long-term average, due to the heatwave

Polycab's Q1FY25 revenue stood at Rs 4,700 crore, up 21 per cent Y-o-Y, with the operating profit margin up 6 per cent Y-o-Y to Rs 580 crore

Havells India Ltd on Thursday reported a 42 per cent jump in consolidated net profit at Rs 407.51 crore in the first quarter ended June 30, 2024 as a scorching summer led to robust sales growth. The company had posted a consolidated net profit of Rs 287.07 crore in the same quarter last fiscal, Havells India said in a regulatory filing. Consolidated revenue from operations in the first quarter stood at Rs 5,806.21 crore, as compared to Rs 4,833.8 crore in the corresponding period a year ago, the company said. Total expenses in the quarter under review were higher at Rs 5,334.54 crore, as compared to Rs 4,516.59 crore in the year-ago period. Electrical consumer durables segment clocked revenue of Rs 1,055.42 crore in the first quarter of this financial year, up from Rs 877.52 crore in the same period a year ago. Revenue from Lloyd brand of consumer products stood at Rs 1,928.72 crore, as against Rs 1,310.92 crore in the same period last fiscal, the company said. The cables busines

Smart lighting systems, chandeliers, LED bulbs shape how your feel in your room

The National Company Law Tribunal (NCLT) has directed initiating insolvency proceedings against Himalayan Mineral Waters, allowing Jammu & Kashmir Bank's plea for default of a corporate guarantee given for LeeL Electricals. The Allahabad bench of NCLT has also appointed Bhoopesh Gupta as the interim resolution professional (IRP) for this Dehradun-based firm's Corporate Insolvency Resolution Process (CIRP). "We are satisfied that the Applicant/Financial Creditor (J&K Bank) has proved the debt and the default, which is more than the threshold limit... the application u/s 7 is found to be fit for initiation of the CIRP against the Corporate Debtor (Himalayan Mineral Waters," said a two-member bench in the order passed last Monday. Jammu & Kashmir Bank had claimed a default of Rs 50 crore against Himalayan Mineral Waters, engaged in the business of manufacturing of beverages, being the corporate guarantor for the credit facilities availed by the Leel Electricals. LeeL ...

Heat waves are accelerating the penetration of many cooling products like air conditioners and refrigerators, an industry expert said

Havells India Q4 FY results: The board of directors decided to recommend a final dividend of Rs 6 per equity share of Re 1 each for FY24

Q4 FY24 results: Adani Energy, Adani Total Gas, Central Bank of India, Indus Towers, Procter & Gamble Hygiene & Health Care, Castrol India to post financial results

Havells India stock price: Havells India's has been outperforming the market in anticipation of better January-March quarter (Q4) demand for fans and air-conditioners (ACs)

Consumption of soda, ice creams and dairy products typically jumps sharply during the summer

Havells has established two US subsidiaries in order to develop exports. The company is also eyeing the Middle East

Shares of Havells India hit a new high of Rs 1,590.90, surging 5 per cent on the BSE. A sharp run-up in the stock price has seen the m-cap of Havells India inch towards Rs 1 trillion

Global brokerage firm Goldman Sachs has upgraded the rating for the consumer electronics company to 'Buy' from 'Neutral'