Havells Indias Q2 net profit at Rs 171 cr
Written by : IANS | Mon, Oct 23, 2017, 10:46 PM
Mumbai, Oct 23: Fast moving electrical goods major Havells India on Monday reported a net profit of Rs 171 crore for the quarter ended September 30, 2017-18.
"GST with high tax rates on electrical products continues to disrupt demand scenario with muted consumer offtake and delayed restocking at the channel," said Anil Rai Gupta, Chairman, and Managing Director, Havells India.
"The GST transition has been well consummated at dealer and vendor platform. We remain cautiously positive on growth in the forthcoming period."