What new energy norms will mean for Havells India
SummaryThe change in the energy efficiency norms for fans, effective 1 January, is expected to create volatility in the market.
Investors in shares of Havells India Ltd were devoid of cheer in 2022, with the stock declining by about 17% till now. Subdued demand conditions, along with elevated input costs for all consumer durable companies, including Havells, has been a key concern. Naturally, this took a toll on margins.