Sustained competitive intensity in ECD
Increased competition in the ECD segment, especially in fans and appliances, could pressure margins and market share.
HAVELLS / Q1-FY24 / risks
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Havells India · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
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LED deflation impacting lighting margins
Continued deflation in LED prices, driven by global oversupply, may compress lighting segment margins despite volume growth.
Rural demand recovery slower than expected
Rural demand has not picked up as anticipated, and a delayed recovery could impact B2C segments like fans and lighting.