Havells saw its stock prices correct more than 2% despite a strong March quarter performance. The company’s Q4 revenues surged 50% year-on-year (y-o-y).
Except acquired Lloyd’s business, the revenues surged 56% y-o-y. The March quarter could sustain the growth momentum that the company saw in the December quarter with the highest quarterly sales.The company said that the structural shift and market share gains in favour of the organized sector seem to be further consolidating.
Investments in e-commerce and the rural sector by the company are paying off with high growth, visibility and distribution expansion.