Havells finished an otherwise challenging 2017-18 on a strong note with robust revenue growth of 48 per cent for the quarter ending March (Q4), which also pulled up its yearly performance. While the acquisition of Lloyd’s air conditioners (AC) business has expectedly helped, the performance was better than estimates.
The fiscal, which had witnessed challenges on account of the note ban followed by de-stocking ahead of the implementation of goods and services tax (GST), also closed with a healthy double-digit increase in revenue and 14 per cent operating profit growth (excluding acquired Lloyd business). However, analysts believe, the year ahead
