Havells India's M-Cap Surpasses Rs 1 trillion (USD 11.9 B)

India: Havells India has become a member of the exclusive group of businesses with a market capitalization of one trillion rupees, or $11.9 billion USD.

The use of electrical items has grown exponentially in tandem with the development of residential, commercial, and industrial infrastructure. Due to this boom, the FMEG business is growing rapidly in India, with both local and international players fighting for market dominance.

There's an apparent shift towards spending more on home aesthetics, as more people want to incorporate both great design and cutting-edge technology into their living areas. According to management, this shift in consumer behaviour reveals a growing market for designer air conditioners that provide excellent cooling function in addition to matching interior decor.

Source: Business Standard