Havells India Limited is a leading Fast Moving Electrical Goods (FMEG) company and a major manufacturer of power distribution equipment with a strong global presence. It commands market leadership across diverse product categories including Industrial and Domestic Circuit Protection Devices, Cables and Wires, Motors, Fans, Modular Switches, Home Appliances, Air Conditioners, Electric Water Heaters, Power Capacitors, and Luminaires for Domestic, Commercial, and Industrial use.
Q2 FY26 Earnings Summary (Jul–Sep 2025)
Consolidated revenue stood at ₹4,779 crore, up 5.29% year on year from ₹4,539 crore.
Total expenses rose 4.38% to ₹4,456 crore compared to ₹4,269 crore year on year.
Consolidated Net Profit increased 18.66% to ₹318 crore from ₹268 crore in the same quarter last year.
Earnings Per Share (EPS) rose 18.93% to ₹5.09 from ₹4.28 year on year.
Operational and Business Highlights
The company reported strong revenue growth in cables and switchgears segments, with cables rising 12.4% and switchgears 8%, driven by improved operational efficiencies and market penetration.
The electrical consumer durables segment saw a slight decline primarily due to weak demand in fans and air coolers, while the Lloyd Consumer business declined 18.5% due to seasonality and inventory adjustments.
Havells made strategic investments including ₹600 crore in Goldi Solar to expand its footprint in renewable energy solutions.
Financial Position and Outlook
Havells maintains a solid balance sheet with expanding EBITDA margins, which improved nearly 90 basis points year on year to 9.17%.
The management remains optimistic about demand recovery led by improving consumer sentiments and expects sustainable revenue growth and profitability expansion in the forthcoming quarters.
Focused pricing, margin improvement initiatives, and renewed market opportunities position Havells well for continued leadership in the electrical goods sector through FY26 and beyond.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.