Havells posted robust Q1 revenue growth led by cable and wires, but higher input and advertising costs squeezed margins, with recovery expected from the September quarter
Consumer electrical goods maker Havells India Ltd on Friday reported a 16.64 per cent decline in consolidated net profit at Rs 289.71 crore in the first quarter ended June 30, 2026, hit by higher raw material and input costs due to West Asia war and higher spending on advertising and promotion. The company had posted a consolidated net profit of Rs 347.53 crore in the corresponding quarter last fiscal, Havells India Ltd said in a regulatory filing. Revenue from operations in the first quarter stood at Rs 6,518.19 crore as against Rs 5,455.35 crore in the year-ago period, it added. Total expenses in the quarter under review were higher at Rs 6,180.06 crore as compared to Rs 5,054.78 crore in the corresponding period a year ago, the company said. Cost of raw materials and components consumed shot up to Rs 4,023.54 crore in the first quarter as compared to Rs 3,012.26 crore in the same period last fiscal. Advertisement and sales promotion expenses were at Rs 286.51 crore in the first
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