Core areas light up Havells India as consumer durables dim the spark

Analysts see margins reviving as demand powers up in festival quarter

The July–September quarter (Q2) performance of consumer electricals and durables major Havells India in 2025-26 (FY26) was broadly in line with Street estimates. While the top line was supported by robust growth in the wire and cable, switchgear, and lighting segments, the consumer durables segment restricted overall gains. Although brokerages have trimmed their earnings estimates after the Q2 results, they remain positive on the outlook and expect a stronger second half (H2) of FY26. 

The company posted a 5 per cent rise in revenue, led by the wire and cable segment, which reported steady growth of 12.4 per cent in