Havells India faces earnings downgrades risk as cost pressures mount
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.” Source