Havells: West Asia Crisis Hits Switchgear Exports, Domestic Demand Cushions Blow
CMD Anil Rai Gupta says Middle East/Africa turmoil disrupted switchgear exports, but resilient domestic demand offset the hit. Cables & wires prices raised 7-8%, margins stable, Lloyd AC inventory cleared.
Havells CMD says West Asia crisis hurt switchgear exports to Middle East/Africa, but domestic demand cushioned impact; margins stable, Lloyd AC inventory cleared.