Revenue for the quarter fell by 6.2% from the year-ago period to ₹5,438 crore. The CNBC-TV18 poll had projected the figure to be ₹5,767 crore. The drag in topline came from the Electrical Consumer Durables, and Lloyd Consumer business.
Revenue from the Electrical Consumer business fell to ₹906 crore from ₹1,055 crore last year, while Lloyd Consumer business revenue fell 35% from the year-ago period to ₹1,262 crore from ₹1,924 crore. Analysts were expecting a decline of 20% for the Lloyd’s business.
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.
The company’s Switchgear and cables businesses saw revenues increase from the same quarter last year.
Net profit for period declined to ₹347 crore at the end of the June quarter, from ₹407 crore last year.
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.
Shares of Havells India saw a spike towards the end of the day, ending 1% higher before the results announcement at ₹1,533. The stock is down 9% so far this year.
First Published: Jul 21, 2025 4:10 PM IST
