HAVELLS

Feb 25 (Reuters) - UltraTech Cement ULTC.NS, India's top cement maker by capacity, will spend 18 billion rupees ($206 million) to start up a wires and cables business, deepening its foothold in the construction materials business, the company said on Tuesday.

The wires and cables business will be part of UltraTech's building products division, which includes waterproofing products, TMT steel bars, plywood, sanitary ware, hand tools as well as electrical components such as switchboards.

The investment, to be spread over two years, will involve UltraTech building a plant by December 2026 with the aim of capturing demand in a sector that, the Aditya Birla group company said, logged a compound annual growth rate of about 13% between fiscal 2019-2024.

This sector is dominated by companies such as Polycab POLC.NS and Havells HVEL.NS and one that is plagued by volatile prices of copper - a key raw material - and intense competition from smaller, cheaper local players.

Additionally, the infrastructure and construction industries, key clients of the wires and cables makers, will likely see a slowdown in 2025 due to a "modest" hike in capital spending announced in the annual budget, earlier this month.

Meanwhile, the cement industry has recently seen a slew of deals by industry leaders including UltraTech and Adani Group companies as they snap up smaller firms to deepen their presence in the industry.

($1 = 87.1700 Indian rupees)

(Reporting by Manvi Pant in Bengaluru; Editing by Savio D'Souza)

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Jan 16 (Reuters) - Havells India Ltd HVEL.NS:

• Q3 PROFIT 2.83 BILLION RUPEES

• Q3 REVENUE FROM OPERATIONS 48.83 BILLION RUPEES

• DIVIDEND 4 RUPEES PER SHARE

Further company coverage: HVEL.NS

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** Shares of Havells India Ltd HVEL.NS increase as much as 2.8% to 1,663.95 rupees

** Electrical goods maker says it has decided to set up a facility for manufacturing refrigerators in Ghiloth, Rajasthan

** Adds, investment required is 4.8 bln rupees ($56.9 mln), with proposed capacity addition of 1.4 mln units to be added by Q2 FY27

** Stock on track to gain for fourth straight day

** Mean rating of 35 analysts rating the stock is "hold"; their median PT is 1,979.50 rupees - LSEG data

** HVEL last up 2.3%, adding to YTD gains of 21.1% so far

($1 = 84.4025 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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Nov 4 (Reuters) - Havells India Ltd HVEL.NS:

• HAVELLS INDIA - TO RELOCATE ITS SWITCHGEARS PRODUCTION CAPACITY FROM FARIDABAD TO SAHIBABAD

Source text: [ID:]

Further company coverage: HVEL.NS

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Oct 17 (Reuters) - Havells India Ltd HVEL.NS:

• HAVELLS INDIA Q2 PROFIT 2.73 BILLION RUPEES; IBES PROFIT EST. 3.24 BILLION RUPEES

• HAVELLS INDIA Q2 REVENUE FROM OPERATIONS 45.33 BILLION RUPEES; IBES EST. 43.73 BILLION RUPEES

Source text for Eikon: ID:nBSE9YBmmt

Further company coverage: HVEL.NS

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** Shares of Havells Ltd HVEL.NS end 5.1% lower at 1,768.50 rupees, marking their worst day since October 2023

** Electrical goods maker reported Q1 profit miss as weak wires and cables sales and higher expenses weighed

** Jefferies ("hold"), Investec ("hold") and Nomura ("neutral") maintain their ratings on stock, believe stock has already priced in positives, including earnings recovery

** Analysts rate HVEL "hold" on avg vs "buy" for rivals Compton Greaves CROP.NS, Polycab POLC.NS and Orient Electric ONTE.NS - LSEG data

** HVEL up 29% YTD, outperforming POLC and ONTE, but trails CROP's 37% rise

(Reporting by Nandan Mandayam in Bengaluru)

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July 18 (Reuters) - Havells India Ltd HVEL.NS:

• Q1 PROFIT 4.11 BILLION RUPEES; IBES PROFIT EST. 4.31 BILLION RUPEES

• Q1 REVENUE FROM OPERATIONS 57.98 BILLION RUPEES; IBES EST. 56.63 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: HVEL.NS

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July 9 (Reuters) - Havells India Ltd HVEL.NS:

• CO PLANNING TO EXPAND ITS MANUFACTURING CAPACITIES OF CABLES AT ITS ALWAR LOCATION

• INVESTMENT REQUIRED APPROX 3.75 BILLION RUPEES

• PROPOSED CAPACITY ADDITION AT 4.12 MILLION KMS (ANNUAL)

Source text for Eikon: ID:nNSE7tcXGM

Further company coverage: HVEL.NS

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June 13 (Reuters) - Havells India Ltd HVEL.NS:

• PLANNING TO EXPAND ITS EXISTING MANUFACTURING CAPACITIES OF AIR CONDITIONERS AT GHILOTH AND SRICITY LOCATIONS

• EXPANSION IN ORDER TO CATER TO INCREASED DEMAND

• TOTAL PROPOSED INVESTMENT FOR ABOVE CAPACITY ENHANCEMENTS WILL BE IN RANGE OF 500 - 600 MILLION RUPEES

Further company coverage: HVEL.NS

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June 10 (Reuters) - Havells India Ltd HVEL.NS:

• HAVELLS PARTNERS WITH JUMBO GROUP FOR KITCHEN APPLIANCES IN UAE

Source text for Eikon: ID:nNSE9Cw108

Further company coverage: HVEL.NS

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BENGALURU, May 20 (Reuters) - Appliances maker Whirlpool of India WHIR.NS reported a smaller-than-expected fourth-quarter profit on Monday, hurt by stiff competition and higher input costs, while demand remained steady for its cooling appliances.

Consolidated net profit rose nearly 24% to 775.9 million rupees ($9.3 million) in the three months ended March 31, missing analysts' estimates of 899.6 million rupees, according to LSEG data.

Revenue from operations in the Indian unit of NYSE-listed Whirlpool Corp WHR.N rose nearly 4% to 17.34 billion rupees.

Expenses surged 2.2%, led by a nearly 31% rise in input costs.

For further results highlights, click [here]

KEY CONTEXT

Record high temperatures in India have led to a surge in demand for cooling products like air conditioners and refrigerators, resulting in higher sales for home appliance makers such as Whirlpool India.

However, analysts said Whirlpool's Indian arm is dealing with fierce competition from new players, premium brands diversifying into mass markets and multi-brand retailers promoting private labels.

In February, parent company Whirlpool Corporation sold 24% of its stake in the India unit for about $468 million, aiming to reduce its debt.

Rival air conditioner makers Havells India HVEL.NS and Blue Star BLUS.NS reported a rise in quarterly profit, while Voltas VOLT.NS missed quarterly profit estimates due to surging expenses.

PEER COMPARISON

* Mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell
** Ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

JANUARY-MARCH STOCK PERFORMANCE

-- All data from LSEG

-- $1 = 83.2810 Indian rupees

(Reporting by Navamya Ganesh Acharya in Bengaluru, Additional reporting by Manvi Pant; Editing by Ravi Prakash Kumar)

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BENGALURU, May 16 (Reuters) - Indian household appliance maker Crompton Greaves Consumer Electricals CROP.NS reported a better-than-expected profit on Thursday, benefiting from higher demand for its fans and air coolers.

Mumbai-based Crompton Greaves' consolidated net profit rose to 1.38 billion rupees ($16.5 million) for the quarter ended March 31, from 1.31 billion rupees a year ago, beating analysts' estimates of 1.20 billion rupees, according to LSEG data.

The scorching summer has pushed temperatures to record highs, boosting the need for cooling products.

India's weather department has predicted the number of heatwave days would be higher than usual from April to June.

Crompton Greaves' revenue rose by 9.5% to 19.61 billion rupees, driven primarily by growth in its core electric consumer durables business, which makes products such as fans and kitchen appliances. The segment posted a 14.4% rise in revenue.

"We expect the intense summer season and uptick in demand for home and kitchen appliances to support the growth momentum," said Promeet Ghosh, managing director and chief executive at Crompton Greaves.

Its revenue in the lighting products business rose a meagre 0.9% year-on-year.

Last month, rival Havells India HVEL.NS reported a higher quarterly profit on strong demand for room air conditioners and fans.

Shares of Crompton Greaves closed 0.3% higher ahead of its results.

($1 = 83.4650 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Shweta Agarwal)

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BENGALURU, May 14 (Reuters) - Consumer appliances maker Bajaj Electricals BJEL.NS reported a fourth straight quarter of profit decline on Tuesday, missing estimates due to sluggish demand for its lights, water heaters and kitchen appliances.

The Mumbai-based company said consolidated net profit fell to 293.1 million rupees ($3.5 million) for the three months ended March 31, from 518.5 million rupees a year earlier.

Analysts, on average, had expected a profit of 573.2 million rupees, as per LSEG data.

Revenue from its lighting products segment fell 11.3% to 2.71 billion rupees, while revenue from the segment that makes air coolers, fans, room heaters and kitchen appliances, reported a drop of 7% as consumers postponed discretionary purchases amidst persistent inflation.

Sales in its lighting products segment dropped due to lower prices of LED products in consumer lighting and a higher base effect in professional lighting, the company said in a statement.

Additionally, the company approved a proposal to borrow funds through the issuance of non-convertible debentures, up to an amount not exceeding 5 billion rupees, via private placement.

The board also recommended a dividend of 3 rupees per share for the fiscal year ended March.

Shares of Bajaj Electricals closed 3% higher on Tuesday and are down 4% so far this year.

($1 = 83.5064 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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BENGALURU, May 9 (Reuters) - Appliances maker Orient Electric ONTE.NS on Thursday reported a 48% fall in its fourth-quarter profit as higher expenses offset demand.

Driven by inflation, consumer goods makers have resorted to offering deals and discounts to attract consumers affected by rising prices, thereby impacting their profit margins.

New Delhi-based Orient reported a net profit of 128 million rupees ($1.5 million) for the three months ended March 31, compared with 246.2 million rupees a year earlier.

Orient Electric, which also sells fully automatic coffee machines, hand mixers and switchgears, said its revenue from operations rose 19.7% to 7.88 billion rupees.

Total expenses rose 23.3% year-on-year to 7.79 billion rupees, dragged by a 55% jump in employee costs and a near 24% rise in purchase of traded goods.

Despite strong sales of fans from November 2023 to mid-February 2024, the subsequent sales have been tepid for the company.

Revenue in its business that makes ceiling fans and air coolers was rose 24.4% year-on-year.

Rival Havells India HVEL.NS posted a higher quarterly profit on strong demand for room ACs and fans.

Shares of Orient Electric closed lower at 7.3% after the results. They fell 14.9% in the March quarter.

($1 = 83.4954 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Nivedita Bhattacharjee)

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May 8 (Reuters) - Havells India Ltd HVEL.NS:

• HAVELLS INDIA LTD - GETS TAX ORDER FOR TOTAL DEMAND 1.7 MILLION RUPEES

Source text for Eikon: ID:nBSE5B22Dd

Further company coverage: HVEL.NS

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BENGALURU, May 2 (Reuters) - Indian air-conditioner (AC) maker Blue Star's BLUS.NS fourth-quarter adjusted profit jumped more than 46% on Thursday, buoyed by heavy demand for its ACs as consumers prepared for a hotter-than-usual summer.

WHY IT'S IMPORTANT

India is currently experiencing a blistering summer, which has driven up sales of products such as ACs and coolers.

In March, Blue Star said it launched dozens of new home AC products, targeting a 25% jump in revenue from that business this summer, compared with a 5% rise last year.

Peer Havells India HVEL.NS also posted a higher quarterly profit on strong demand for room ACs and fans. Voltas VOLT.NS is expected to release its results next week.

BY THE NUMBERS

Mumbai-based Blue Star's consolidated profit before exceptional items and tax jumped to 2.14 billion rupees ($25.6 million) in the quarter, from 1.46 billion rupees a year ago.

Its net profit, however, fell nearly 29% due to the year-ago quarter recording a one-time gain of 1.71 billion rupees from the sale of land.

Blue Star's revenue from operations rose nearly 27%. Revenue in its business that makes ACs and commercial refrigerators jumped 35%.

KEY QUOTE

"The summer season has also begun well and we anticipate significant demand for room air conditioners and commercial refrigeration products to continue," Chairman and Managing Director Vir S. Advani said.

GRAPHIC

** All values in the graphic are expressed in percentages (%)

($1 = 83.4485 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Savio D'Souza)

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Home appliances maker Havells India HVEL.NS reported fourth-quarter earnings above market expectations on Tuesday, boosted by heightened demand for its products such as room air conditioners (RACs) and fans.

WHY IT'S IMPORTANT

Consumer expenditure on electrical appliances tends to rise as temperatures increase and consumers prepare for warmer weather, leading to an uptick in spending on cooling products such as room air conditioning units, air coolers and fans.

Also, demand for winter products like water heaters saw a boost due to extended periods of cold weather in certain regions of India.

The company is the first among its peers to report quarterly results.

BY THE NUMBERS

The Noida, Uttar Pradesh-based company's net profit rose to 4.49 billion rupees (about $54 million) for the three months ended March 31, beating analysts' expectations of 3.94 billion rupees.

Its revenue from operations rose 12% to 54.34 billion rupees, while total expenses were up 11.4%.

Revenue from Havells' electrical consumer durables segment, which includes fans, home appliances and water heaters, grew by about 22% year-on-year.

Its Lloyd brand, which sells air conditioners and washing machines, saw a growth of 6%.

For more details on Havells India results, click


GRAPHIC

** All values in the graphic are expressed in percentages (%)

KEY QUOTES

The company said the Lloyd brand is advancing on its path of growth and profitability, with a two-year annual revenue compound annual growth rate (CAGR) of about 30%.

The cables and wires segment sustained its growth momentum, supported by ongoing infrastructure-driven demand.

The company said its overall revenue was, however, impacted by persistent price deflation.

Growth in the electrical consumer durables segment was driven by summer-led demand, it added.

($1 = 83.3820 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Sohini Goswami)

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** Jefferies says profit growth metrics in Polycab India POLC.NS are slightly higher than those for Havells India HVEL.NS

** Both cos compete in cables and wires (C&W) segment

** Estimates POLC's return on capital employed to grow from 28% in FY23 to 34% in FY26, led by higher volumes in C&W

** Sees HVEL's RoCE to slightly lag, grow from 23% in FY23 to 25% by FY26, mainly dragged by its Lyold brand

** Jefferies has "buy" rating on POLC, with PT of 5,870; while it rates HVEL "hold" due to higher valuations, with PT at 1,400

** Avg analyst rating on HVEL, POLC is "buy" - LSEG

** Median PT for HVEL is 1,457 rupees, POLC is 5,200 rupees - LSEG

** HVEL up 11% YTD vs POLC's 11% decline

(Reporting by Rama Venkat in Bengaluru)

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** Shares of Havells India Ltd HVEL.NS rise as much as 5.4% to a record 1,548 rupees

** HVEL up 8.7% over last 2 days after Goldman upgraded wires and electrical appliances to "buy" citing expansion efforts, growth revival

** HVEL India's most expensive electrical appliances stock on P/E basis

** Around 4.5 mln shares traded in stock's most active day this year vs 30-day avg of 869,436 shares

** Of 24 analysts tracking HVEL, eight rate it "buy," while 13 rate it "strong buy"; median PT is 1,440 rupees - LSEG data

** Stock up 19.5% in February, on track for best monthly rise since July 2021

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of Havells India HVEL.NS rise as much as 4.07% to 1,482 rupees, highest since October 2021

** Goldman Sachs upgrades electric devices maker's stock to "buy" from "neutral"

** Says HVEL stands to benefit from tapping into new markets, both domestically and internationally, and ride pick-up in real estate construction

** Expects double-digit revenue growth from March quarter, aided by margin improvement for Lloyd brand

** Adds HVEL is well-placed for growth revival, market leadership and improvement in distribution

** Raises PT to Street-high of 1,660 rupees from 1,540 rupees, implying 16.5% upside from Monday's close

** Mean rating of 36 analysts tracking HVEL equivalent to "buy"; median PT is 1,427 rupees - LSEG data

(Reporting by Bharath Rajeswaran in Bengaluru)

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BENGALURU, Feb 5 (Reuters) - India's Bajaj Electricals BJEL.NS reported its third consecutive drop in quarterly profit on Monday, as high inflation dampened festive spending and rural demand remained subdued.

Consolidated net profit slumped nearly 40% to 373.6 million rupees ($4.5 million) for the three months ended Dec. 31, following declines of 56% and 14% in the previous two quarters.

The October-December period typically marks the festival season in India, during which consumers traditionally splurge on non-discretionary products. However, demand was subdued in the latest quarter due to elevated inflation levels, which restrained expenditure on non-essential items, in both rural and urban areas, analysts said.

While the likes of Voltas VOLT.NS and Blue Star BLUS.NS benefited from demand for air coolers and fans due to warmer-than-usual temperature in the quarter, companies such as Havells HVEL.NS were hit by slowing sales of other home appliances.

"Consumer products continue to show signs of rural stress and weak consumer demand," Bajaj Electricals said in a statement.

Bajaj Electricals' total revenue fell 6.2% to 12.28 billion rupees, marking the third consecutive quarter of decline.

Sales of consumer products, which accounted for nearly 80% of revenue, dropped 8%, while sales of lighting products barely increased about 1%.

The Mumbai-based company's input costs increased 4.8% to 1.24 billion rupees.

($1 = 83.0386 Indian rupees)

(Reporting by Manvi Pant in Bengaluru; Editing by Dhanya Ann Thoppil)

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BENGALURU, Jan 30 (Reuters) - Indian electrical appliances maker Voltas VOLT.NS reported a fall in third-quarter profit on Tuesday, hurt by higher costs.

The Tata Group-owned company's consolidated profit before exceptional items and tax fell 58% from last year to 238.5 million rupees ($2.87 million) in the three months to Dec. 31.

Expenses related to raw materials, jobs, and services climbed 55.6%, driving total costs up by about 35%.

Revenue from operations rose 31% to 26.26 billion rupees as warmer-than-usual weather boosted demand for air conditioners.

Voltas' key cooling products segment - which accounts for over half of the company's revenue and makes appliances like purifiers - reported a more-than-21% rise in revenue.

Rivals Blue Star BLUS.NS reported a jump in third-quarter profit while Havells India HVEL.NS reported a marginal growth in quarterly profit.

In the December-2022 quarter, Voltas had set aside 1.37 billion rupees for cancellation of contracts and encashment of a bank guarantee, leading to a net loss of 1.10 billion rupees.

The company made a net loss of 304.1 million rupees in the December-2023 quarter.

($1 = 83.1090 Indian rupees)

(Reporting by Navamya Ganesh Acharya and Varun Vyas in Bengaluru; Editing by Sohini Goswami and Mrigank Dhaniwala)

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Jan 29 (Reuters) - Havells India Ltd HVEL.NS:

• APPROVED INCORPORATION OF US SUBSIDIARY COMPANIES

• TOTAL COMMITMENT OF USD 20 MLN HAS BEEN APPROVED FOR HAVELLS INTERNATIONAL INC

Source text for Eikon: ID:nNSE5HvrN3

Further company coverage: HVEL.NS

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BENGALURU, Jan 23 (Reuters) - Home appliances maker Havells India HVEL.NS on Tuesday reported a marginal growth in third-quarter profit, as demand for its wires and cables largely compensated for slower consumer goods sales growth.

The company reported a profit of 2.88 billion rupees ($34.7 million) for the quarter ended Dec. 31, compared to 2.84 billion rupees last year.

Revenue from Havells' biggest segment, cables and wires, grew 11.4%. It contributes about 36% of the total revenue.

This largely made up for slower growth in sales of consumer goods, as consumers cut back on non-essential spending due to elevated prices of essential goods.

Havells' Lloyd segment, which sells air-conditioners and washing machines, posted a wider loss of 651.7 million rupees, compared with a loss of 596.3 million rupees last year.

Despite easing prices of key raw material copper, its total expenses rose 7.6%.

The company flagged higher advertising and sales promotion expenses amid the country's festive season, which included Diwali and Christmas.

Rival Polycab India POLC.NS posted a 15.4% rise in third-quarter profit last week on strong sales in its cables and wires business.

Havells declared an interim dividend of 3 rupees per share. Its shares closed down 4.5% ahead of the results.

($1 = 83.1030 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Varun H K)

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BENGALURU, Oct 19 (Reuters) - Home appliances maker Havells India HVEL.NS reported a 33% rise in second-quarter profit on Thursday, as cables remained in demand due to sustained infrastructure spending and as dry weather boosted air-conditioner sales.

The company's profit for the September quarter rose to 2.49 billion rupees ($29.92 million) from 1.87 billion rupees a year earlier, but missed analysts' average estimate of 2.87 billion rupees, as per LSEG data.

Revenue for the quarter rose 6% to 38.91 billion rupees.

Analysts had expected strong growth in the cables and wires segment due to healthy demand from the housing and infrastructure sectors.

The cables segment, the company's largest in terms of revenue, doubled its pre-tax profit to 1.71 billion rupees.

The Lloyd consumer segment benefited from a pickup in sale of air-conditioners due to unusually dry weather during the quarter.

The Lloyd segment posted a narrower loss of 733.1 million rupees compared with a loss of 832.9 million rupees a year earlier.

Havells India flagged softness in consumer demand but expects an uptick in the festival season this quarter.

Shares of the company closed 1.7% higher at 1,362.7 rupees ahead of quarterly results.

($1 = 83.2233 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru; Editing by Mrigank Dhaniwala)

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Oct 13 (Reuters) - De Neers Tools Ltd DENE.NS:

• COMMENCEMENT OF EXCLUSIVE SUPPLIES TO OEM S LIKE HAVELLS, POLYCAB, ORIENT ELECTRIC AND APL APOLLO PIPES

Source text for Eikon: ID:nNSE474Fdm

Further company coverage: DENE.NS

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** Domestic brokerage Prabhudas Lilladher downgrades Havells India HVEL.NS to "accumulate" from 'buy'

** Electrical consumer durable segment continues to face challenges due to sluggish demand, inflationary pressures, off season for fans, Prabhudas Lilladher says after a meeting with management

** Prabhudas Lilladher sees improvement in appliance business in upcoming festive season; cites increased inventory levels to meet the expected demand

** Adds, secondary sales of seasonal products seen rising after a dry monsoon season

** Co expects double digit growth in cables, switchgears and Lloyd businesses in forthcoming years - Prabhudas Lilladher

** Stock up ~27% this year, as of last close

(Reporting by Yagnoseni Das in Bengaluru)

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** Shares of Havells India HVEL.NS rise as much as 6.1% to 1,454 rupees, their highest since Oct. 19, 2021

** HVEL sees best intra-day pct gain in over a year

** Stock sees highest trading volume since July 20; trading volume is 5.6x the 30-day avg

** HVEL above its 50-, 100-, 200-day simple moving average since Aug. 30

** 24 of 42 brokerages rate the stock "buy" or higher, 14 "hold" and 4 "sell" or lower, suggesting a bullish sentiment; their median PT is 1,425 rupees - LSEG data

** Stock last up 5%, bumping YTD gains to about 30.7%, vs a gain of 8.6% in Nifty 100 index .NIFTY100

(Reporting by Meenakshi Maidas in Bengaluru)

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Aug 11 (Reuters) - Tata Group company Voltas VOLT.NS reported nearly a 19% rise in first-quarter profit on Friday, boosted by the performance of its arm that makes air conditioners and air coolers.

Consolidated net profit rose to 1.29 billion Indian rupees ($15.58 million) for the quarter ending June 30 from 1.09 billion rupees a year earlier.

Income from operations rose nearly 22% to 33.35 billion rupees.

Its mainstay unitary cooling products segment, which makes goods such as air conditioners, coolers and purifiers, reported a 16% rise in revenue and a 15% increase in volume growth.

Earlier, rivals Blue Star BLUS.NS and Havells India HVEL.NS also posted a rise in their quarterly earnings.

Voltas shares closed down 0.98% at 828.55 rupees ahead of the results.

($1 = 82.8070 Indian rupees)

(Reporting by Ashna Teresa Britto and Ashish Chandra; Editing by Varun H K and Sohini Goswami)

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Aug 9 (Reuters) - Delhivery Ltd DELH.NS:

• WINS CONTRACT TO FULFILL HAVELLS INDIA'S WESTERN REGION DEMAND

Source text for Eikon: ID:nBSE7XTNSH

Further company coverage: DELH.NS

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