Havells Q1 net profit slides 15% to Rs 298 crore as revenue jumps 20% to Rs 6,510 crore
Higher advertising and promotion spend dented margins even as revenue rose 20%. Cables surged 27% to Rs 2,456 crore and Lloyd consumer grew 15.7%. EBITDA fell 8.8% to Rs 474 crore, with margin at 7.3%. Havells announced a Rs 255 crore Karnataka cable capacity expansion to 7.34 lakh km.
What happened
Havells India Q1 net profit fell 15.4% to Rs 298 crore despite 20% revenue rise to Rs 6,510 crore, hit by higher A&P spend. Lloyd consumer grew 15.7%; Rs 255
Key facts
- Net profit Rs 298 crore (-15.4%)
- Revenue Rs 6,510 crore (+20%)
- EBITDA Rs 474 crore (-8.8%)
- EBITDA margin 7.3%
- Cables revenue Rs 2,456 crore (+27%)
- Lloyd +15.7%
- Rs 255 crore cable capex
- capacity to 7.34 lakh km
Why this matters
The Rs 255 crore Karnataka cable capacity expansion to 7.34 lakh km, backed by 27% cables growth to Rs 2,456 crore, positions Havells to capture rising infrastructure and construction demand.
What to watch
- Q2 margin recovery vs continued A&P elevation
- Copper and aluminium price movements
- Competitor pricing actions in fans, ACs, appliances
- Karnataka plant commissioning updates
- Rural/urban consumer demand recovery signals
- Monitor A&P spend trajectory in Q2 guidance and commentary
- Track Lloyd AC segment profitability given competitive pricing pressure
- Assess cables capex ramp timeline and expected utilization
- Watch commodity (copper/aluminium) cost pass-through ability