ALFA Finder| 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
- ₹1,161.00
- 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.