Harshit Kapadia, analyst at Elara Securities (India) said, “Rising prices of commodities (crude oil, copper, PVC), following the Iran-US-Israel tensions, will create margin stress for most companies and Havells is no exception. Post March quarter (Q4FY26) results, Havells could see downgrades in FY27 and FY28 earnings estimates.”
Havells India faces earnings downgrades risk as cost pressures mount
