Havells India's stock fell 5% despite Q4 profit and revenue gains, due to concerns over weak AC demand.

Havells India's stock dropped 5% despite reporting a 15.73% increase in Q4 net profit to ₹517 crore and a 20.24% rise in revenue to ₹6,543.56 crore. Analysts cited concerns over weak demand for air conditioners due to a mild summer, particularly in the south. Brokerages slightly reduced their earnings estimates but maintained buy recommendations with target prices ranging from ₹1,700 to ₹1,900.