Q1-FY24 · Anil Rai Gupta
Overall, I would say consumer demand has been muted, partly due to unseasonal weather, which impacted B2C business.
HAVELLS / language trends
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Havells India · tone and specificity signals across the available quarters.
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Q1-FY24 · Anil Rai Gupta
Volume growth of cables and wires has been more than 30%, and in case of lighting, it's around mid-single digits, about 6%-8%.
Q1-FY24 · Anil Rai Gupta
Lloyd's journey is to become a mass premium player as system have this.
Q1-FY25 · Anil Rai Gupta
Lloyd is a gem, right? And again, you know, I frankly don't even look at 2.8%, 3.5% for the whole year. We're making huge investments in Lloyd for quite some time, and we will continue to do so.
Q1-FY25 · Rajiv Goel
I think the consumer turnaround is, hopefully near, near. And in few quarters, we should see that, which should help the core also to grow much better, which ultimately will transmit to the EBIT margins.
Q1-FY25 · Rajiv Goel
We really don't want to jump onto something which is very sketchy.
Q1-FY26 · Anil Rai Gupta
Quarter one was a challenging quarter with unexpected weak summer and prolonged subdued consumer demand.
Q1-FY26 · Anil Rai Gupta
We feel quarter one challenges are transitory and expect to drive revenue growth and margin improvement over the coming quarter.
Q1-FY26 · Rajiv Goel
If you see from FY 2024 to FY 2027, we will be doubling our capacities in underground cables, which will be coming at different times.
Q2-FY24 · Anil Rai Gupta
Second quarter witnessed softness in the consumer demand. However, infrastructure and housing demand led to a healthy growth in B2B categories like industrial switchgears, traditional lighting, and power cables.
Q2-FY24 · Anil Rai Gupta
Contribution margins improved across segments year-on-year. Commodity price normalization and product cost-led initiatives will drive further margin improvement.
Q2-FY24 · Anil Rai Gupta
We do believe this is a huge opportunity for us to be a good player amongst the top two or three players in this category. We will continue to invest in this.
Q2-FY25 · Anil Rai Gupta
A steep volatility in commodity prices impacted cables margin, as we saw absorption of high cost inventory against the falling raw material and sales prices during May to August 2024.
Q2-FY25 · Anil Rai Gupta
We definitely see that we will be coming back to normalized margin levels, very soon.
Q2-FY25 · Anil Rai Gupta
The third quarter pretty much towards normal, because, let's say maybe October is a bit affected, but November, December, we anticipate unless there's further volatility.
Q2-FY26 · Anil Rai Gupta
We have been working closely with our channels to increase consumer uptake, and we believe that the channel inventories will normalize by the end of Q3.
Q2-FY26 · Rajesh Kumar Gupta
I think this particular quarter, there was a benefit because the prices were constantly increasing, and there were certain benefits on the inventory.
Q2-FY26 · Anil Rai Gupta
The real play with Havells is kind of a branded premiumization. While competitive intensity keeps going up in every category, our focus has always been our strength, you know, innovation, distribution, and brand.
Q3-FY24 · Rajesh Kumar Gupta
We are now part of the top four in this, as our chairman just sort of elaborated, that the market is getting consolidated in terms of the larger players.
Q3-FY24 · Rajesh Kumar Gupta
Let's not measure them in few quarters here and there. You see, we are here for long term.
Q3-FY24 · Anil Rai Gupta
I think the price war is something like a war cry you are mentioning like. But I-we do not believe-I think everybody is positioning their product with the consumer on certain basis.
Q3-FY25 · Anil Rai Gupta
I think 28% is also abnormal, and 18% is also abnormal. I think 24%-25% is a decent number to expect.
Q3-FY25 · Rajiv Goel
The fact that we are setting up factories before even scaling up these businesses, we have a strong confidence in the Indian consumer appliances market.
Q3-FY25 · Rajiv Goel
We are investing in multiple channels... we have to be part of being an eminent brand. We have to be part of every channel.
Q3-FY26 · Anil Rai Gupta
We delivered a healthy overall performance in the third quarter, which was primarily led by an accelerated growth in our cables business, driven by volume expansion and commodity price inflation.
Q3-FY26 · Anil Rai Gupta
We are in the process of taking calibrated price hikes and enhancing operational efficiency.
Q3-FY26 · Anil Rai Gupta
I think over a longer period of time, I don't think India demographics are such where we will continue to see tepid demand in these categories. We are quite hopeful of the future.
Q4-FY24 · Anil Rai Gupta
We have maintained that Lloyd is on a journey of growth, profitability, and market share.
Q4-FY24 · Anil Rai Gupta
The company philosophy has always been not growth or profit, or it's always been growth and profit.
Q4-FY24 · Anil Rai Gupta
We are not a company who believes in changing prices during the season time.
Q4-FY25 · Anil Gupta
Lloyd has delivered a robust performance with strong revenue growth and margin improvement. The focus now remains on consistent revenue growth along with improving profitability.
Q4-FY25 · Anil Gupta
I think cables and wires, both as a business, have more potential to have more organized competition than regional or local competition. I think, going forward, this industry can go through a further consolidation towards branded products, branded play, high-quality products.
Q4-FY25 · Anil Gupta
Our growth plans would have been under serious challenge had we not made investment either through our own manufacturing or through investment with an existing manufacturer.
Q4-FY26 · Anil Rai Gupta
I've not seen this kind of a price escalation in the recent past, in the recent memory. Usually it happens, but it is not so steep and not across all product categories.
Q4-FY26 · Anil Rai Gupta
Our investments continue to be there, whether it is in innovation, whether it is in brand building, distribution reach also. Those investments don't slow down during a tough period.
Q4-FY26 · Anil Rai Gupta
The biggest thing about any consumer-oriented brand builders, brand-oriented business is something where it's an easier answer that you can't really say, 'Okay, if I have to fully utilize my capacity, I'll lower down my price and start selling more.'