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#HavellsIndia Q3 FY22 concall highlights:⚡🔌
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1. 15% revenue growth over last year with a 27% CAGR over 2 years. 2. Volumes were flat.
3. Festive demand was encouraging, however demand tapered in later part of Q3, owing
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1. 15% revenue growth over last year with a 27% CAGR over 2 years. 2. Volumes were flat.
3. Festive demand was encouraging, however demand tapered in later part of Q3, owing
to high inflation and then omicron scare.
4. The company increased the spending on brand promotion which is expected to continue
5. Margins have been under pressure with elevated commodity costs and partial transition in pricing especially in consumer durables
4. The company increased the spending on brand promotion which is expected to continue
5. Margins have been under pressure with elevated commodity costs and partial transition in pricing especially in consumer durables
6. Last few weeks have seen the return of COVID-led anxiety in the demand market. But unlike last year, the recovery is expected to be swift.
7. Price hikes were not taken in December and January because the best season is Feb-March-April. Price hikes have been announced and
7. Price hikes were not taken in December and January because the best season is Feb-March-April. Price hikes have been announced and
