Latest news with #HavellsIndiaLtd
Time of India
2 days ago
- Business
- Time of India
Havells Q1 standalone profit dips 14% to Rs 352 crore on weak AC sales; cables, switchgears shine
Tired of too many ads? Remove Ads Cables and air-conditioner manufacturer Havells India Ltd on Monday announced a 14% year-on-year (yoy) drop in its standalone net profit at Rs 352 crore for the first quarter ending June, with net sales taking at a hit by 6% yoy at Rs 5438 crore crore due to a weak summer which impacted sales of the company's air-conditioners, fans and company's chairman and managing director Anil Rai Gupta told analysts in its quarterly earnings call there is high channel inventory for ACs which will take 1-2 quarters to liquidate and the company is accordingly adjusting production.'The first quarter was a challenging quarter with unexpected weak summer impacting the overall performance, however we feel this is transitory and expect both revenue growth and margin improvements over ensuing quarters,' he company's large appliance business of refrigerators and air-conditioners under the Lloyd brand declined by 34% yoy to Rs 1,262 crore in the quarter under review. The lighting and fixtures business too declined marginally at Rs 374 crore in the quarter as against Rs 386 crore in the corresponding quarter previous year. The electrical consumer durables business declined by 14% yoy at Rs 906 crore in the Havells switchgears business grew by 9% yoy to Rs 630 crore and the cable business grew by 27% yoy to Rs 1,933 crore in the quarter under said the Lloyd business will improve margin with better operational efficiency and price positioning despite stiff competition. 'There is a good room to grow margins in Lloyd,' he said. The brand is amongst the top three in AC sales. He said there will be no heavy discounting to liquidate unsold AC inventory. Havells is also open to acquisition opportunities despite its large organic business portfolio.
Mint
03-07-2025
- Business
- Mint
Nagaraj Shetti suggests Havells India, Natco Pharma shares to buy in the short term; do you own?
Stock market today: Indian stock markets showed an upward trend on Thursday, but caution lingered as investors expressed concerns over the impending US tariff deadline. As of 12:45 IST, the Nifty 50 index stood at 25,505.10, up by 51.70 points or 0.20%. Likewise, the BSE Sensex reached 83,540.74, reflecting a slight increase of 131.05 points or 0.16%. Market analysts pointed out that while domestic influences are bolstering the market, global fluctuations, particularly the uncertainties surrounding the US-India trade agreement, are keeping traders on high alert. On the technical front, Nagaraj Shetti of HDFC Securities, believes the next overhead resistance for Nifty 50 is to be watched around 25,700 levels. Shetti recommends two stocks to buy in the short-term. Here's what he says about the overall market. After showing minor downward correction in the last few sessions, Nifty 50 has bounced back on Thursday and is currently trading higher by 95 points. Bullish pattern like higher tops and bottoms is intact on the daily chart and the recent swing low of 25,378 could be considered as a new higher bottom of the pattern. Nifty 50 is currently placed at the support of ascending trend line around 25,400 levels. The next overhead resistance to be watched around 25,700 levels. Nagaraj Shetti of HDFC Securities recommends these two stocks to buy in the short-term - Havells India Ltd, and Natco Pharma Ltd. After showing minor downward correction in the last few sessions, Havells India share price has shifted into a sustainable bounce so far on Thursday. The present upmove could push the stock price towards the breakout of 200day EMA at ₹ 1600 levels soon. Bullish pattern like higher tops and bottoms is intact on the daily chart. Natco Pharma share price has been moving in a larger consolidation band over the last few months. Presently, the stock price is in an attempt of upside breakout of triangle pattern at ₹ 955 levels. Rise in volume and positive RSI indicates more upside for the short term. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
21-05-2025
- Business
- Business Standard
Whirlpool of India Ltd Surges 6.93%
Whirlpool of India Ltd has added 26.62% over last one month compared to 2.29% gain in BSE Consumer Durables index and 2.42% rise in the SENSEX Whirlpool of India Ltd gained 6.93% today to trade at Rs 1385.3. The BSE Consumer Durables index is up 0.36% to quote at 59235.23. The index is up 2.29 % over last one month. Among the other constituents of the index, Blue Star Ltd increased 1.75% and Havells India Ltd added 0.52% on the day. The BSE Consumer Durables index went up 7.08 % over last one year compared to the 9.97% surge in benchmark SENSEX. Whirlpool of India Ltd has added 26.62% over last one month compared to 2.29% gain in BSE Consumer Durables index and 2.42% rise in the SENSEX. On the BSE, 15222 shares were traded in the counter so far compared with average daily volumes of 27926 shares in the past one month. The stock hit a record high of Rs 2450 on 22 Oct 2024. The stock hit a 52-week low of Rs 899 on 03 Mar 2025.
Business Standard
23-04-2025
- Business
- Business Standard
Crompton Greaves Consumer Electricals Ltd Slips 3.61%
Crompton Greaves Consumer Electricals Ltd has lost 5.99% over last one month compared to 5.57% gain in BSE Consumer Durables index and 2.75% rise in the SENSEX Crompton Greaves Consumer Electricals Ltd fell 3.61% today to trade at Rs 340.5. The BSE Consumer Durables index is down 0.19% to quote at 58627.87. The index is up 5.57 % over last one month. Among the other constituents of the index, Havells India Ltd decreased 3.58% and Voltas Ltd lost 1.12% on the day. The BSE Consumer Durables index went up 8.27 % over last one year compared to the 8.66% surge in benchmark SENSEX. Crompton Greaves Consumer Electricals Ltd has lost 5.99% over last one month compared to 5.57% gain in BSE Consumer Durables index and 2.75% rise in the SENSEX. On the BSE, 7675 shares were traded in the counter so far compared with average daily volumes of 2.44 lakh shares in the past one month. The stock hit a record high of Rs 483.65 on 02 Sep 2024. The stock hit a 52-week low of Rs 298.15 on 22 Apr 2024.
