 "havells")
Two of the largest listed consumer electric companies, Havells India and Polycab India posted contrasting results in the June quarter. While the former put up an improved operating performance led by a revival in business to business sales and price hikes, weaker business mix and muted hikes dented the latter’s profitability.
Havells revenue beat was led by stronger business to business performance and price hikes. Barring lighting and Lloyds business, all other segments (cable and wires, switchgears) posted a strong show. Analysts led by Nilesh Bhaiya of Motilal Oswal Research say that the 75 per cent YoY uptick in revenues
