Fast moving electrical goods major Havells India on Monday reported a net profit of Rs 171 crore for the quarter ended September 30, 2017-18.
"GST with high tax rates on electrical products continues to disrupt demand scenario with muted consumer offtake and delayed restocking at channel," said Anil Rai Gupta, Chairman and Managing Director, Havells India.
"The GST transition has been well consummated at dealer and vendor platform. We remain cautiously positive on growth in forthcoming period."
--IANS
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