India, New Delhi: Havells India said the ongoing West Asia crisis has affected its switchgear exports to the Middle East and Africa, putting pressure on the segment’s overall growth.
Chairman and Managing Director Anil Rai Gupta said part of Havells’ switchgear business comes from exports to the region. Although exports remain a relatively small part of the company’s total business, he said they represent a meaningful share of the switchgear segment.
According to Gupta, lower growth or decline in exports to the Middle East and Africa had an impact on the company’s switchgear performance. He added that the outlook remains uncertain, with exports likely to stay under pressure depending on how the regional situation develops. At the same time, Havells said it remains encouraged by domestic demand, which is helping cushion the impact of weaker export activity.
The company also addressed input cost pressures. Gupta said price increases differed by category, with cables and wires seeing the steepest hikes of around 7–8 %, due to the segment’s more commoditised nature. He added that Havells had largely passed on the cost increases by the end of the first quarter and would not need further price hikes if raw material prices remained stable.
For the switchgear sector, the comments highlight how regional instability, export exposure, raw material volatility and domestic demand can shape short-term business performance.
Source: NDTV Profit
