Price deflation in lighting continues to impact value growth
Despite strong volume growth, price erosion in lighting has led to value degrowth, which may persist if competition intensifies.
HAVELLS / Q3-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
medium
Lloyd's path to profitability uncertain
Analysts repeatedly questioned Lloyd's margin trajectory; management deflected with long-term commentary, indicating near-term visibility is low.
Potential price war in RAC due to capacity additions
New capacities from multiple players and PLI incentives could lead to pricing pressure, though management downplayed this risk.