| Margins | Front-loaded A&P impacted Q1 profitability; expected to normalize over FY27. |
|---|---|
| Demand visibility | Positive start to the year; demand resilient despite inflationary pressures. |
| Management confidence | High confidence in resilient growth momentum and brand investments. |
Growth
Revenue growth was strong but volume growth was single-digit for Lloyd ACs and flat for cables/wires due to price hikes.
Outlook
Planned FY27 capex of INR 1,400 crores with INR 800 crores for cables/wires; expects margins to normalize.
Risks
Raw material inflation, West Asia export disruptions affecting switchgear, and volatile commodity prices impacting dealer sell-in.
Earnings Call Transcript filed with BSE, 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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