Havells (India) Full-Year Report 2022

Results Summary

• Sales momentum was regained in Q4 with 31% value and ~
• 20% volume growth
• Growth across categories with Lloyd leading @ 62% growth
• Margins remain under pressure as fresh cost increases coupled with competitive intensity, restricted
  effective and adequate price transmission
• Tax in FY21 was high due to disallowance of depreciation on Goodwill from 1st April 2020