Havells India Limited — Q2 FY24
Havells India reported a mixed Q2 FY24 with soft consumer demand but healthy B2B growth in industrial switchgears, traditional lighting, and power cables.
neutral
medium
✓ Verified against BSE filing
Indian management teams deliver on roughly 12% of specific earnings-call promises. A low score does not indicate dishonesty — it reflects how aspirational forward guidance typically is.
Q1 FY24
CapEx of INR 600 crore for FY24
Management confirmed the CapEx guidance of INR 600 crore for FY24, with a skew toward Havells segments due to the new cable plant in Karnataka.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
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