Strong beat in Q3 brightens up Havells' prospects, revenue at all-time high

Topics HAVELLS | Havells India | Markets

Havells India hit a fresh high of Rs 1,155.7 per share on Friday, after the consumer durables maker beat analysts’ estimates by a mile for the December quarter (Q3). The stock ended the session marginally lower at Rs 1,122.65. While demand was expected to be healthy thanks to festive season sales and a revival in footfall, top line growth came in far higher than estimates. Revenue was up a whopping 39 per cent year-on-year  (YoY) to an all-time high of Rs 3,165 crore in Q3, aided by strong growth across segments. This compares with consensus estimates of Rs 2,627 crore. .....

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