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Informist, Monday, Jan. 19, 2026

 

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--Havells Oct-Dec net profit INR 3.01 bln 
--Analysts saw Havells Oct-Dec net profit INR 3.58 bln 
--Havells Oct-Dec revenue INR 55.73 bln 
--Analysts saw Havells Oct-Dec revenue INR 53.74 bln 
--Havells Oct-Dec net profit INR 3.01 bln vs INR 2.83 bln year ago 
--Havells Oct-Dec revenue INR 55.73 bln vs INR 48.83 bln year ago 
--Havells to pay INR 4 per share interim dividend 
--Havells interim dividend record date is Friday 
--Havells Oct-Dec cable sales INR 22.41 bln vs INR 16.88 bln year ago 
--Havells Oct-Dec electrical durables sales INR 11.51 bln vs INR 11.04 bln 
--Havells Oct-Dec Lloyd consumer sales INR 6.94 bln vs INR 7.42 bln yr ago 
--Havells Oct-Dec switchgear sales INR 6.24 bln vs INR 5.77 bln year ago 
--Havells Oct-Dec lighting, fixtures sales INR 4.23 bln vs INR 4.41 bln 
--Havells Apr-Dec net profit INR 9.71 bln vs INR 9.67 bln year ago 
--Havells Apr-Dec revenue INR 157.78 bln vs INR 152.14 bln year ago 
--Havells Oct-Dec EBITDA INR 5.24 bln vs INR 4.32 bln year ago 
--Havells Oct-Dec EBITDA margin 9.4% vs 8.8% year ago 
--Havells:Growth in cable ops Q3 driven by higher volume, commodity inflation 
--Havells: Lighting ops sales in Q3 hit due to shift in festival season 
--Havells: Channel investory for Lloyd ops gradually normalising

 

By Simran Rede 

 

MUMBAI – Havells India Ltd. clocked its slowest on-year growth in net profit in eight quarters in the December quarter while its revenue from operations grew in double digits after two quarters. The growth in the company's revenue for the quarter was primarily driven by strong demand in the cables and wires segment, sales of which rose almost 33% on year.

 

Havells reported a consolidated net profit of INR 3.01 billion for the December quarter, nearly 7% higher than the INR 2.83 billion reported in the year-ago quarter but missed analysts' estimate of INR 3.58 billion. Its revenue rose over 14% to INR 55.73 billion from INR 48.83 billion a year ago. The revenue beat the Street's estimate of INR 53.74 billion. 

 

The net profit takes into account a one-time cost of INR 450.30 million on reassessment of the company's employee benefit obligations for the revised definition of wages under the new labour codes. Under these new codes, basic pay must account for at least 50% of an employee's total cost to the company. As a result, payouts tied to statutory contributions such as gratuity and leave-related benefits are set to increase for companies.

 

But for this one-time cost, the company's consolidated net profit for the quarter would have been INR 3.46 billion, up over 22% on year but still lower than what analysts had expected.

 

On the segment front, the cables and wires segment saw robust sales, which rose to INR 22.41 billion in the December quarter from INR 16.88 billion in the year-ago period. This segment accounts for over 40% of the company's total revenue from operations.

 

The company's sales from electrical consumer durables rose slightly to INR 11.51 billion from INR 11.04 billion a year ago. For the company, this is the second-biggest segment, which accounted for nearly 21% of the total revenue for the quarter. The Lloyd consumer segment recorded a revenue of INR 6.94 billion, lower than INR 7.42 billion posted a year ago.

 

Switchgear sales for the quarter were INR 6.24 billion, up from INR 5.77 billion in the corresponding quarter a year ago. The revenue from lighting and fixtures was INR 4.23 billion, compared to INR 4.41 billion a year ago.  More

 

For the nine months ended December, the company's net profit was INR 9.71 billion compared with INR 9.67 billion in the year ago period. The company's revenue for Apr-Dec was INR 157.78 billion as against INR 152.14 billion a year ago. 

 

Havells reported an over 21% on-year jump in its earnings before interest, tax, depreciation, and amortisation to INR 5.24 billion in the December quarter. Its EBITDA margin expanded to 9.4% from 8.8% in the year ago quarter.

 

The company's total expenses rose over 13% on year to INR 51.66 billion during the reporting quarter. Its employee benefit costs rose by over 5% on year and nearly 4% on quarter to INR 4.90 billion. "Pursuant to the notification issued by the Ministry of Labour and Employment about 'New Labour Codes', the Company has reassessed its employee benefit obligations. Accordingly, an incremental liability of Rs. 45.03 crore (INR 450 million) has been recognised as "Exceptional Items" in Q3 FY26," the company said.

 

In an investor presentation, the company said the cables segment delivered accelerated growth, driven by expansion in volumes and commodity price inflation. The slight fall in revenue from its lightings segment was due to the shift in festival season during the quarter. The performance of Lloyd was muted with continued impact of a weak summer, although channel inventory is gradually normalising, the company said.

 

The company announced its Oct-Dec earnings after market hours on Monday. Shares of the company ended 1.5% higher at INR 1,447.10 on the National Stock Exchange.  End

 

Edited by Ashish Shirke

 

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