| Revenue growth | 14% value growth in Cables & Wires; Lloyd revenues impacted by summer delay. |
|---|---|
| Margins | Lighting contribution 37% (normalized 30-32%); Switchgear margins impacted by cost lag. |
| Demand visibility | Pick up in demand for cooling products seen in south/west regions. |
| Management confidence | Cautiously optimistic on demand revival while navigating global cost pressures. |
Growth
Cables and wires segment saw 14% value growth and 6% volume growth. Industrial cables outperformed domestic wires.
Outlook
Capex of ₹800cr planned for FY27, primarily for cables/wires and a new R&D center. Optimistic about summer demand revival.
Risks
Global disruptions and West Asia war leading to raw material cost inflation; delayed summer season impacting cooling products.
Earnings Call filed with BSE, NSE: HAVELLS. Summary written with AI assistance from the document.
Havells India Ltd: key numbers
- Share price
- ₹1,060.50
- Market cap
- ₹66,487 Cr
- Revenue (annual)
- ₹22,528 Cr
- Net profit (annual)
- ₹1,691 Cr
- P/E (TTM)
- 40.7×Sector 45.6×
- Promoter holding
- 59.35%-0.03% QoQ
- FII holding
- 15.91%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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