Investors are concerned about capacity challenges in the cables segment and the unending quest for profitability at Lloyd Consumer, acquired in 2017.
Havells' current investment in cables and wires is sub-optimal in scale, especially considering the current surge in demand, said Alok Deshpande, executive director at Nuvama Institutional Equities. This situation may lead to Havells potentially losing more market share to competitors such as Polycab or KEI Industries, he added.
In its Q3 earnings call, Havellssaid that its underground cables capacity will rise by 25% after the commissioning of its new plant in Karnataka. Also, the company is expanding its domestic production capacity for wires.
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