Result Update : Havells (Q4 FY13) – BUY
CMP Rs716, Target Rs805, Upside 12.4% ² Net sales for Q4 FY13 at standalone level stood at Rs11.6bn, a healthy growth of 11.6% on yoy basis. Revenues from Electrical Consumer Durables segment grew by 18% on yoy basis for Q4 FY13 led by jump in revenues from new launches. Revenues from Switchgear and Lighting & …