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.
Denne historien er fra June 25, 2024-utgaven av Business Standard.
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Denne historien er fra June 25, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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