Havells stock: Analysts expect over 30% growth in FY19 earnings

Despite rising costs, a favourable product mix of price hikes and operating leverage led to the expansion in Havells' core business margins by 119 basis points Y-o-Y to 14.6 per cent in Q4

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