Havells concall was today at 11:00 am
"Festive Demand, Make in India drive and unorganized to organized shift, everything has positively contributed to demand."
Here are the key highlights of the call😀👇
"Festive Demand, Make in India drive and unorganized to organized shift, everything has positively contributed to demand."
Here are the key highlights of the call😀👇
- Price increase vary from product to product. Copper related product saw price increase of around 15%.
That has happened over the quarter.
- If demand continues to be strong then stock will come back to normal levels.
- There was some pre-buying in last quarter.
That has happened over the quarter.
- If demand continues to be strong then stock will come back to normal levels.
- There was some pre-buying in last quarter.
- There is no major increase in cost. They are at normalized levels.
- There might have been some shift from unorganized to organized sector
- Lloyd has started giving benefits in last 1-1.5 years. Only in last few days of quarter there was some stocking.
- There might have been some shift from unorganized to organized sector
- Lloyd has started giving benefits in last 1-1.5 years. Only in last few days of quarter there was some stocking.
- There are some structural changes as there was good demand in consumer segment. Make is India is becoming a fashionable thing. Earlier people use to ask why some products are even made in India by the company for example lights. But now the perception of people have changed.
- Depending on the raw material prices, company intends to maintain the margins.
- Travel cost and advertising cost will come back progressively.
- Air conditioner capacity came at the right time, there will be more capacity coming up.
- Travel cost and advertising cost will come back progressively.
- Air conditioner capacity came at the right time, there will be more capacity coming up.
- There is a huge global market available for Air conditions as well.
- Government has pushed Made in India theme in last few years.
- Government has pushed Made in India theme in last few years.
- Cash utilization: Right now Havells existing portfolio is good. Company is always hopeful for acquisition but it should be backed up with some strategy. Cash will be reinvested in capacity expansion.
- Once a market share changes then it becomes sticky. Post covid consumers preference has also changed. It was not only because of supply chain disruption.
- Over long time all the segments will have good opportunity for growth.
- Over long time all the segments will have good opportunity for growth.
- Domestic appliance segment had growth as during the past Quarter there was festive demand.
- Fans segment has done really well. There might have been some pre buying due to anticipation of increase in prices.
- Fans segment has done really well. There might have been some pre buying due to anticipation of increase in prices.
- Pli scheme promotes domestic production and also for Improving exports.
- On large appliance company has complete range in consumer category but in other large appliance company will be expanding the range as and when there is volume demand.
- On large appliance company has complete range in consumer category but in other large appliance company will be expanding the range as and when there is volume demand.
- Overall there were positive outlook in economy, demand in markets continues to be good.
- There were huge fluctuation in raw material prices.
- Price increase in raw material of consumer durable ranges between 5-13%. It is all underway.
- There were huge fluctuation in raw material prices.
- Price increase in raw material of consumer durable ranges between 5-13%. It is all underway.
- When organized players take away the share of unorganized market then it is always better for the existing players. It takes away competitiveness of unorganized players.
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