ALFA Finder| 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
- ₹1,161.00
- Market cap
- ₹72,788 Cr
- Revenue (annual)
- ₹22,528 Cr
- Net profit (annual)
- ₹1,691 Cr
- P/E (TTM)
- 43.8×Sector 42.6×
- Promoter holding
- 59.35%+0.00% QoQ
- FII holding
- 14.47%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Havells India Ltd
All →Havells India Promoter Buying: ₹70.18 Cr
Havells promoter QRG Investments bought 6.05 lakh shares via market purchase for about Rs.70.18 Crore. Promoter stake rose from 41.54% to 41.63%.
- Value
- ₹70.18 Cr
- Promoter stake change
- +0.09%
Havells India Adverse Business Impact
Havells discloses a worker disturbance at its Alwar plant on November 3, 2026. Management is in discussions; no operational halt reported.
Havells India Management Change
Havells India disclosed that its President, Samir Kirit Anjaria, resigned effective October 27, 2026. The filing attaches his resignation letter.
Havells India Employee Stock Options
Havells employees exercised 61,135 shares under the ESPS 2022 scheme, administered by the Employees Welfare Trust. Shares will be transferred to eligible employees after allotment to the Trust.
Havells India Earnings Call Transcript: Key Takeaways
Strong 35% revenue growth masks margin pressure in cables due to raw material volatility and seasonal Lloyd losses.
Havells India Investor Presentation: Key Takeaways
Havells delivered 35% YoY revenue growth in Q2 FY27, driven by strong volumes across segments. EBITDA grew 30.5% despite softer contribution margins in cables due to volatile aluminum prices.