Havells India reported a 5.2% increase in net revenue for Q2 FY26, reaching ₹4,767 crores. EBITDA grew by 16.3% to ₹442 crores, and profit after tax (PAT) increased by 16.5% to ₹317 crores. The company experienced decent overall performance, although summer product sales showed some weakness. Sale of assets from the Faridabad relocation contributed to other income.
Q2 FY26 Financial Performance
Havells India announced its unaudited financial results for the second quarter of fiscal year 2026. Key highlights include:
- Net Revenue: ₹4,767 crores, a 5.2% increase year-over-year.
- EBITDA: ₹442 crores, a 16.3% increase year-over-year.
- Profit After Tax (PAT): ₹317 crores, a 16.5% increase year-over-year.
The company’s cash and cash equivalents stand at ₹1,449 crores.
Segmental Performance
Revenue breakdown by segment:
- Switchgears: ₹595 crores, up 8.0% year-over-year.
- Cables: ₹2,028 crores, up 12.4% year-over-year.
- Lighting & Fixtures: ₹420 crores, up 7.4% year-over-year.
- Electrical Consumer Durables: ₹841 crores, down 1.8% year-over-year.
- Lloyd Consumer: ₹479 crores, down 18.5% year-over-year.
Cables continued to show strong growth. The Electrical Consumer Durables (ECD) segment experienced softer performance due to weak summer sales in the fan and air cooler categories. Lloyd revenue was lower due to inventory and GST-related changes.
H1 FY26 Performance Overview
Key figures for the first half of FY26 include:
- Net Revenue: ₹10,204 crores (down 1.2% year-over-year).
- Profit After Tax: ₹670 crores (down 2.0% year-over-year).
Strategic Developments
As a result of the switchgear relocation from Faridabad, land, buildings, and other assets in Faridabad were sold. The profit from these sales, amounting to ₹45.27 crores, was recognized as other income in Q2 FY26.
Source: BSE