Shares of Havells India Ltd, an electrical goods company, are flirting with their 52-week trading lows on the NSE. The firm released a weak set of numbers for the March quarter last week.
Covid-19 clouded last quarter’s performance even though the quarter started on a healthy note with the first two months witnessing revival in consumer products.
However, March was painful owing to the disruption in supply chain from China. According to Havells, the later part of March has a disproportionate effect on the quarter sales, contributing as much as one-fourth of the sales.
Growth would have been 9% if wasn’t for the disruption, reckons the company. That appears encouraging, especially when revenues had declined by 1% year-on-year for the