Copper price volatility and channel destocking
Sharp copper price movements could lead to channel destocking and volume moderation in wires and cables.
HAVELLS / Q3-FY26 / 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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Margin pressure from commodity inflation
Rising commodity costs may compress margins if price hikes are not fully passed through, especially in ECD and fans.
Weak demand in cooling products
A weak summer season could lead to lower-than-expected sales of RACs and fans, impacting Lloyd's performance.
US tariff impact on cable exports
US tariffs have reduced demand for cable exports, which were a growth driver last year.