Havells India has transformed from being an industrial product driven business to consumer driven business. They are improving market share across product segments through new product launches & increasing penetration in tier II & tier III cities. They plan to spend Rs. 700- 800 crore in FY23 to expand manufacturing capacities of air conditioner, washing machines and wire & cables. The softening of raw material prices & launch of premium products will result in strong EBITDA margin recovery from H2FY23 onwards.
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