Havells India

Net down 15% on weak operating show

Net sales (including other operating income) of Havells India has declined 6.04% to Rs 5455.35 crore. Operating profit margin has declined from 9.86% to 9.45%, leading to 9.89% decline in operating profit to Rs 515.67 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 54.33% to 54.56%. Purchase of finished goods cost fell from 13.12% to 12.40%. Employee cost increased from 8.12% to 9.05%. Other expenses rose from 14.36% to 14.65%. Selling and administration expenses fell from 3.03% to 2.59%. Provisions writeoffs cost rose from 0.06% to 0.07%. Other provisions rose from 0.06% to 0.07%. Other income fell 10.54% to Rs 69.18 crore. PBIDT fell 9.96% to Rs 584.85 crore. Provision for interest rose 9.47% to Rs 9.36 crore. PBDT fell 10.22% to Rs 575.49 crore. Provision for depreciation rose 14.91% to Rs 10...

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