Havells India Ltd (BOM:517354)
₹ 1604.15 -38.4 (-2.34%) Market Cap: 1.01 Tn Enterprise Value: 977.09 Bil PE Ratio: 71.27 PB Ratio: 12.90 GF Score: 95/100
Back to the Transcripts List

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.

Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2024 GuruFocus.com, LLC. All Rights Reserved.