ICRA Equity Research has assigned fundamental grade of 4/5 for Havells India indicating strong fundamentals.
The company’s standalone revenues increased by 16% in Q1, FY12 as compared to corresponding previous, in line with the ICRA’s expectations. The growth in top-line was largely driven by the cables & wires and lighting & fixtures divisions that reported more than 20% growth over the previous fiscal.
Havells India is a billion dollar organization and India’s one of the largest and fastest growing electrical and power distribution equipment manufacturer.
