Havells Q1 net profit slides 15% to Rs 298 crore as revenue jumps 20% to Rs 6,510 crore
Higher advertising and promotion spend dented margins even as revenue rose 20%. Cables surged 27% to Rs 2,456 crore and Lloyd consumer grew 15.7%. EBITDA fell 8.8% to Rs 474 crore, with margin at 7.3%. Havells announced a Rs 255 crore Karnataka cable capacity expansion to 7.34 lakh km.
Havells India Q1 net profit fell 15.4% to Rs 298 crore despite 20% revenue rise to Rs 6,510 crore, hit by higher A&P spend. Lloyd consumer grew 15.7%; Rs 255 crore Karnataka cable capacity expansion announced.