Robust demand to drive gains for Havells India
Business Standard|June 25, 2024
Electrical Consumer Durable (ECD) companies like Havells India have seen strong Q4FY24 sales and continuing seasonal demand across fans, air coolers, and room air conditioners (RAC) in addition to business-to-business sales of cables, switchgear, and professional lighting, among others.
DEVANGSHU DATTA

Havells India's Q4FY24 revenue rose 12 per cent year-on-year (Y-oY) to 5,400 crore, in-line with consensus. Strong summer demand led to robust volume growth in fans and RAC and volume growth in cable and wires (C&W) due to infrastructure spending and real estate activity.

Gross margin improved 230 basis points Y-o-Y to 32.8 per cent, led by cost improvement and better results for Lloyd. Employee costs were higher by 29 per cent, while other expenses grew 17 per cent Y-o-Y. Advertising and promotional (A&P) expenses saw a surge and were up 21 per cent Y-0-Y.

هذه القصة مأخوذة من طبعة June 25, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة June 25, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من BUSINESS STANDARD مشاهدة الكل
Trade on road to recovery but Indian firms tread cautiously
Business Standard

Trade on road to recovery but Indian firms tread cautiously

The concluding part of the series highlights stabilising trade ties with Dhaka, but payment delays anda complex bilateral environment remain major concerns

time-read
4 mins  |
October 05, 2024
Business Standard

DoT launches new system to block fraud international calls

The Department of Telecommunications (DoT), in collaboration with Telecom Service Providers (TSPs), has introduced an advanced system designed to identify and block incoming international spoofed calls before they can reach Indian telecom subscribers.

time-read
1 min  |
October 05, 2024
PM to launch infra projects, agri schemes in Maha today
Business Standard

PM to launch infra projects, agri schemes in Maha today

Prime Minister Narendra Modi will on Saturday inaugurate infrastructure projects worth ₹32,180 crore in election-bound Maharashtra.

time-read
1 min  |
October 05, 2024
The shrinking presence of smaller parties in Haryana Assembly polls
Business Standard

The shrinking presence of smaller parties in Haryana Assembly polls

Since 2014, Haryana's electoral politics has seen smaller parties cede their vote shares to the Bharatiya Janata Party (BJP) and the Congress, a trend that these political parties would hope to buck in this Assembly polls.

time-read
1 min  |
October 05, 2024
Business Standard

DMart stock slips despite strong showing in Q2

Mixed response from brokerages; company had 377 stores till Sep 30

time-read
2 mins  |
October 05, 2024
Business Standard

Jio Fin-BlackRock JV gets Sebi approval for MF entry

Jio Financial Services' joint venture with BlackRock to enter the mutual fund (MF) space in India has received the nod from the Securities and Exchange Board of India (Sebi), the firm stated in an exchange filing on Friday.

time-read
1 min  |
October 05, 2024
Business Standard

HDFC BANK'S MSCI WEIGHT SET TO RISE

India's largest private sector lender HDFC Bank is poised to see its weighting increase further in global services provider MSCI indices due to its expanded foreign portfolio investor (FPI) investment headroom.

time-read
1 min  |
October 05, 2024
"The mother of all bear mkts in equities is dead"
Business Standard

"The mother of all bear mkts in equities is dead"

Developments in West Asia have triggered a panic-like situation across global equity markets. SHANKAR SHARMA, founder of wealth management firm GQuant Investech, spoke with Puneet Wadhwa in New Delhi about escalating tensions between Israel and Iran. Edited excerpts:

time-read
3 mins  |
October 05, 2024
Business Standard

Higher e-auction share crucial for Coal India stock

Coal India (CIL) has reported a production of 51 million tonnes (mt) for September, up 10.4 per cent month-on-month (M-o-M), but down 1 per cent year-on-year (Y-o-Y).

time-read
2 mins  |
October 05, 2024
Business Standard

Sebi proposes measures to boost retail participation in G-Sec mkt

The Securities and Exchange Board of India (Sebi) is considering initiatives to promote retail participation in government securities (G-Secs) through stock brokers.

time-read
1 min  |
October 05, 2024