Havells India is planning to sell minority stake in Sylvania unit. Moreover, it is looking to buy a company with annual sales of $100-500 million.
Recently, the company announced that it is planning to use online platform from next financial year. The company, which registered 30% rise in its bottom-line compared to a 12% increase in top-line in the first nine months of current fiscal, attributed a host of reasons including price discipline, improved margins and a healthy product mix with focus on consumer segment.
Havells India is engaged in selling products in Kerala for several years and the business has shown an upward trend in terms of turnover in a short span of time. It has 10 manufacturing facilities in India in various states, including Himachal Pradesh, Uttar Pradesh and Rajasthan.
