Havells India Ltd (BOM:517354)
₹ 2047 49.05 (2.46%) Market Cap: 1.28 Til Enterprise Value: 1.26 Til PE Ratio: 91.44 PB Ratio: 17.09 GF Score: 98/100
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Q3 2024 Havells India Ltd Earnings Call Transcript

Jan 24, 2024 / 05:30AM GMT
Release Date Price: ₹1305.05 (-0.59%)

Key Points

Positve
  • Sustained infrastructure spending led to growth in the B2B category.
  • Lighting segment delivered strong volume growth, driven by both B2B and B2C segments.
  • Small domestic appliances category benefited from festive demand.
  • Formation of a subsidiary in the U.S. to distribute HVAC products, aiming to expand into developed markets.
  • Improvement in segment contribution margins despite higher advertising and promotion (ANP) spends.
Negative
  • Price deflation continues to impact value growth.
  • Higher base in France led to muted growth in the PCB segment.
  • Muted consumer demand affected overall performance.
  • Higher advertising and promotion (ANP) spends impacted segment results.
  • Decline in margins for the wires and cables segment due to product mix.
Operator

Ladies and gentlemen, good day, and welcome to the Q3 FY24 earnings conference call of Havells India hosted by DAM Capital Advisors Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Ms. Bhoomika Nair from DAM Capital Advisors. Thank you and over to you ma'am.

Bhoomika Nair
DAM Capital Advisors Ltd. - IR

(inaudible) of Havells India Limited. We have the management being represented today by Mr. Anil Rai Gupta, Chairman and Managing Director, Mr. Rajesh Kumar Gupta, Whole-Time Director, Finance and Group CFO, Mr. Amit Kumar Gupta, Whole-Time Director, and Mr. Rajiv Goel, Executive Director. At this point, I'll hand over the floor to Mr. Anil Rai Gupta for his initial remarks, post which we can open the floor for Q&A over to you, sir.

Anil Gupta
Havells India Ltd - Executive Chairman of the Board, Chief Executive Officer, Managing Director

Good morning, everyone, and wish you all a very happy new year. And thank you for attending the call today.

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