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
Havells is better off than its peers due to a diversified portfolio and greater reliance on segments such as wires, cables and switchgear, analysts said
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Renewable energy player Goldi Solar on Wednesday said it has raised over Rs 1,400 crore in a funding round led by consumer electrical goods maker Havells India Ltd. Besides, various high-net-worth individuals (HNIs), institutional and strategic investors have participated in the capital infusion, the Gujarat-based module maker said. In a statement, Goldi Solar said it has "secured a landmark growth capital infusion led by Havells India, alongside a distinguished consortium of high-net-worth individuals (HNIs), institutional, strategic, and prominent investors." The company has raised a total of Rs 1,422 crore from multiple investors, and the capital will be used to fund future growth plans. Other prominent investors and family businesses are Ambit Global Private Client, Nikhil Kamath, Shahi Exports Pvt Ltd, SRF Transnational Holdings Ltd, Karmav Real Estate Holdings LLP, NSFO Ventures LLP, and Godwitt Construction Pvt Ltd. According to market sources, Havells has infused Rs 600 cr
Analysts see margins reviving as demand powers up in festival quarter
Havells India reported a 14.72 per cent Y-o-Y decline in consolidated profit after tax to ₹347.53 crore in Q1FY26
The company reported a profit of Rs 518 cr in the three months ended March 31, nearly 16% higher than a year ago
While many consumer durables companies reported disappointing earnings, missing their profit estimates due to lower margins, the EMS players exceeded expectations with strong revenue and profit growth
Live-wire market share gain, but margin recovery and demand revival need a jolt
The Board of Directors of Havells also declared an interim dividend of Rs 4 per equity share
Revenue from operations rose nearly 11 per cent to Rs 4,883 crore, while total expenses climbed 12.3 per cent to Rs 4,564 crore
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We are seeing noticeable traction in the FMCG counters and ITC is trading in sync with the move. It has formed a buying pivot, after registering a breakout from bullish continuation pattern.
Polycab's Q1FY25 revenue stood at Rs 4,700 crore, up 21 per cent Y-o-Y, with the operating profit margin up 6 per cent Y-o-Y to Rs 580 crore
Management says Havells aspires to be among the top-5 players in large kitchen appliances (market size around Rs 12,000 crore) where it has made a foray
Management sounded optimistic about growth in FY25