HAVELLS

- Q1 Results for F.Y. 25-26

1) Havells India on Monday reported a net profit of Rs 347.53 crore in the first quarter (Q1) of FY26, down 32.78 per cent on quarter-on-quarter (QoQ) basis from Rs 517 crore in Q4 FY25. -

2) Havells India reported a challenging first quarter (April-June) for FY26, with consolidated revenue falling over 6% year-on-year (YoY) to ₹5,438 crore, below a CNBC-TV18 poll estimate of ₹5,767 crore, marking its first YoY contraction in topline performance since the pandemic-hit June quarter of FY21. 3) Havells' Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) fell by 10% from the year-ago period to ₹520 crore, while margins narrowed by 40 basis points to 9.6% from 10% last year. 4) The company's switchgear and cables businesses saw revenues increase from the same quarter last year. 5) Net profit for the period declined to ₹347 crore at the end of the June quarter, from ₹407 crore last year. 6) The management attributed the quarterly performance to a tepid summer this year, in contrast to a strong season last year, which led to a significant decline in cooling products. The investor presentation highlighted that consumer demand remained subdued while industrial infra demand maintained its growth momentum. 7) Overall results are below expectation but the stock has discounted much of it before results. 8) All this is for information. 9) This is not a buy/sell recommendation. Thank you, Technofunda24