Havells India Ltd. (NSE: HAVELLS) saw its stock drop by 1.94% to ₹1,770.45 as of 9:20 AM, despite reporting a 7.5% rise in net profit for Q2 FY25 to ₹268 crore. The stock opened at ₹1,805.55, reached a high of ₹1,831.95, and a low of ₹1,768.10, with the previous close at ₹1,805.55.
Havells reported a 16% year-on-year revenue growth in Q2, driven by strong demand across segments. However, despite the positive profit and revenue figures, investor sentiment remains cautious due to concerns over margin pressure.
Brokerages are split in their outlook. Goldman Sachs maintained a ‘Buy’ rating, with a target price of ₹2,100, citing strong revenue growth and the potential for earnings inflection. Investec, on the other hand, retained a ‘Hold’ rating with a target price of ₹1,850, highlighting weaker-than-expected margin performance despite decent growth. Macquarie also maintained an ‘Outperform’ rating, setting a target price of ₹2,100, but noted that margin recovery will take time, despite solid fundamentals.
With the stock under pressure, investors are weighing the company’s revenue growth against concerns over weaker margins in the near term.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Please seek independent financial advice before making any investment decisions.
