Questions across 2 calls

Saumil Mehta

Kotak Mutual Funds

Dixon Technologies (India) Limited

Dixon Technologies (India) Limited CC-Sep24.pdf · 2024-10-24

So, most questions have been answered just two quick ones. Now going forward, obviously we will be getting into businesses where the asset turns are lower, but obviously the margins are going to be far higher. Now internally, do we have a threshold in mind that we will be only chasing business where the ROC is obviously will be about 25% or 30% or something internally what we are just a broader thought process on that?

Sure, that's very encouraging. And second and last question now, obviously mobile now a dominant part of business, incrementally will also be having the IT hardware and hopefully even the component business, but most of these businesses now again this might be a repetitive question indirectly, but most of these businesses are PLI link ed. At some point in time, maybe three years out or five years out. Do we believe that the businesses we get into, or incrementally we will have businesses which will be more self-sustaining despite having the PLI, any thought process over there?

Havells India Limited

Havells India Limited CC-Sep24.pdf · 2024-10-17

Yes. So when I look at the lighting and the ECD division now, obviously, we have held up contribution margins quite well. But when I look at the EBIT margins, there has been very sharp moderation while I believe A&P spend and employee cost are up. But going into FY '26, slightly on the medium term, how should we look at both the divisions? Is the pricing deflation in lighting behind us? And any color on the ECD portfolio gi ven that the summer portfolio, what we also hear from channel checks has been fairly muted in recent times.

And my second and last question, while you alluded to a better near-term festive demand, but is it got to do with more of restocking? Because at least from counter sales perspective, at least, again, what we're hearing is things have been fairly muted. While you believe that festive upcoming is going to be strong. So is it got to do with more that the channel inventory was low and to that extent...