Havells India likely to post lower double-digit growth in Q4FY19
Havells India's revenue is likely to jump 14 percent in the fourth quarter of 2018-19, while margins are expected to remain steady, according to a CNBC-TV18 poll
Havells India's revenue is likely to jump 14 percent in the fourth quarter of 2018-19, while margins are expected to remain steady, according to a CNBC-TV18 poll. Havells is trading at a lower end of the last three-month range but nonetheless, the stock is still expensive at around 45 times so the margin of error is limited.
Margins may contract a tad bit because of the inventory pressure as well as commodity pressure that we are seeing.
The company's net profit is expected to jump by around 16 percent in the March 2019 quarter.
In terms of the segments, Havells India expects double-digit growth in almost all the segments. Also, the company has a favourable base when it comes to the Switchgear cables and wire segment so CNBC-TV18 is expecting a faster growth there.
Durables would be the key point as well as Lloyd’s business because, while Blue Star reported 20 percent growth, Voltas had reported a 6 percent decline.
Also, the key issue to watch out would be the commentary on the overall demand scenario because as we have been hearing there is a bit of slowdown when it comes to consumption.
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