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.
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Strong 35% revenue growth masks margin pressure in cables due to raw material volatility and seasonal Lloyd losses.
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.
Havells delivered strong Q1 FY27 revenue growth driven by resilient demand and summer cooling products. Management is focusing on 'sell-out' distribution strategies and brand building, doubling ad spends year-on-year.
Havells Q1 FY27 saw 19.7% revenue growth to Rs 6,510 crore, though PAT fell 15.3% to Rs 298 crore due to significantly doubled advertising spend.
Havells reported Q4 FY26 earnings with modest performance due to mild summer start. Key highlights include ₹283cr valuation gain from Goldi Solar and commissioning of a new refrigerator plant at Ghiloth.
Havells delivered a quarter of steady growth in B2B segments like cables, though B2C cooling products faced weather-related headwinds. Lloyd's profitability remains the primary concern despite capacity expansion.