Havells Q1 Profit Drops 14%

  Published 1 year ago

Havells India Q1 FY26 profit fell 14% YoY to ₹474.56 crore, hit by weak summer and subdued consumer demand.

  • EBITDA declined 9.8% to ₹520 crore; margins narrowed to 9.6% from 9.9% due to lower cooling product sales.
  • ECD, Lloyd Consumer, and lighting revenues dropped; cable and switchgear segments posted strong growth.
  • Focus on cost control limited profitability impact; stock rose 2.96% to ₹1,577.35 despite earnings decline.

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