Havells India Ltd — Financial Update & Recent Trends

Q4 FY25 Performance Net revenue rose about 20 percent year-on-year to nearly ₹6,532–6,543 crore compared to Q4 FY24. EBITDA for the quarter was around ₹761 crore, up close to 20 percent. Profit after tax came in at about ₹517–₹522 crore, showing a rise of roughly 16 percent. EBITDA margin was steady at about 11.6 percent, almost unchanged from the previous year. Full Year FY25 vs FY24 Growth Total income grew around 17 percent compared to FY24. Net profit rose by nearly 16 percent, with margins staying stable at about 6.8 percent. Segment & Business Trends The Lloyd consumer appliance business showed strong revenue growth of nearly 40 percent and turned profitable. The cables and wires business also recorded healthy growth of around 21–22 percent in Q4. Other divisions such as electrical consumer durables, switchgears, and lighting also expanded, but at more moderate rates. Recent Weakness & Q1 FY26 Signal In Q1 FY26, standalone net profit fell about 14 percent year-on-year to ₹352 crore. Revenue also declined around 6 percent in the quarter. EBITDA dropped nearly 10 percent and margins narrowed, reflecting softer demand. Outlook & Risks Cooling appliances and seasonal products remain sensitive to weather and consumer demand; a weaker summer reduced sales. Inflation and raw material cost pressures are also risks for profitability. On the positive side, continued growth in Lloyd and strong performance in cables and wires provide diversification and long-term support for the business.