| Revenue growth | 19.7% YoY growth in Q1 FY27. |
|---|---|
| Margins | EBITDA margin compressed to 7.3% from 9.6% due to A&P frontloading. |
| Demand visibility | Resilient demand; domestic Switchgear stable despite export disruption. |
| Management confidence | Confident in demand resilience despite inflationary pressures. |
Growth
Revenue rose 19.7% YoY; Cables and Renewables led with 27% and 236% growth respectively. PAT margins compressed to 4.6%.
Outlook
Capex of Rs 1,400 crore planned for FY27 for Cables capacity and new R&D center; margins expected to normalize.
Risks
Inflationary pressures, West-Asia war disruptions affecting Switchgear exports, and elevated A&P spends impacting near-term profitability.
Earnings Call filed with NSE, NSE: HAVELLS. Summary written with AI assistance from the document.
Havells India Ltd: key numbers
- Share price
- ₹1,057.00
- Market cap
- ₹66,268 Cr
- Revenue (annual)
- ₹22,528 Cr
- Net profit (annual)
- ₹1,691 Cr
- P/E (TTM)
- 40.6×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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