5% revenue growth, 63x earnings: Is Havells’ premium valuation justified?
Despite solid performance in cables and steady growth in core categories, Havells’ Q2 was weighed down by a sharp slowdown in Lloyd, margin compression, and ongoing capital intensity. With Rs 3,000 crore invested in Lloyd and market share largely unchanged, the question is: is this valuation justified?
Despite solid performance in cables and steady growth in core categories, Havells’ Q2 was weighed down by a sharp slowdown in Lloyd, margin compression, and ongoing capital intensity. With Rs 3,000 crore invested in Lloyd and market share largely unchanged, the question is: is this valuation justified?
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