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Havells India Limited Q4 FY26 earnings call summary

NSE: HAVELLS · BSE: 517354

Earnings call of 22 Apr 2026, summarised by AI from the filing.

Havells Q4 FY26: cables and wires volume up 6%, value up 14%; ₹800 cr capex planned for this financial year.

Key takeaways

  1. Cables and wires 6% volume growth and 14% value growth; industrial cables grew faster than domestic wires.
  2. Capex ₹800 cr capex in this financial year, majorly into cables and wires.
  3. Solar growth Most of the growth in the others segment is coming from solar.
  4. Cost inflation Sharp price increases across categories; consumer offtake can get affected if price hikes are too high.

Original filing on BSE

Havells India Limited Q1 FY27 results

As filed: Revenue ₹6,518 cr (+19% year on year), EBITDA ₹466 cr (−10% year on year), PAT ₹290 cr (−17% year on year), EBITDA margin 7.2% (−231 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹6,705 cr (+2% year on year), EBITDA ₹729 cr (−4% year on year), PAT ₹723 cr (+40% year on year), EBITDA margin 10.9% (−69 bps). Score 34 of 100, Below trend. Revenue and EBITDA growth were well below the company's own trend; profit growth was well above it. EBITDA margin fell 69 bps year on year. Other income 33% of PBT. Profit rose ₹206 cr on a year ago, more than the ₹70.0 cr it added the year before. Share price after the results: −6.3% in 29 days (Nifty 500: −0.6%).
  • Q3 FY26: Revenue ₹5,588 cr (+14% year on year), EBITDA ₹516 cr (+21% year on year), PAT ₹300 cr (+17% year on year), EBITDA margin 9.2% (+52 bps). Score 65 of 100, Above trend. Revenue, EBITDA and profit before exceptional items growth were above the company's own trend. EBITDA margin rose 52 bps year on year. Revenue rose ₹699 cr on a year ago, more than the ₹475 cr it added the year before. Share price after the results: −2.2% in 30 days (Nifty 500: +0.7%).
  • Q2 FY26: Revenue ₹4,779 cr (+5% year on year), EBITDA ₹439 cr (+17% year on year), PAT ₹318 cr (+19% year on year), EBITDA margin 9.2% (+92 bps). Score 53 of 100, In line with trend. Revenue growth was below the company's own trend; EBITDA and profit growth were above it. EBITDA margin rose 92 bps year on year. Revenue fell 12% from last quarter. Share price after the results: −1.0% in 30 days (Nifty 500: +2.3%).
  • Q1 FY26: Revenue ₹5,455 cr (−6% year on year), EBITDA ₹516 cr (−10% year on year), PAT ₹348 cr (−15% year on year), EBITDA margin 9.5% (−41 bps). Score 17 of 100, Below trend. Revenue, EBITDA and profit growth were well below the company's own trend. EBITDA margin fell 41 bps year on year. Revenue fell 17% from last quarter. Revenue rose ₹-351.0 cr on a year ago, against ₹972 cr the year before. Share price after the results: −3.8% in 29 days (Nifty 500: −3.3%).
  • Q4 FY25: Revenue ₹6,544 cr (+20% year on year), EBITDA ₹757 cr (+19% year on year), PAT ₹517 cr (+16% year on year), EBITDA margin 11.6% (−8 bps). Score 72 of 100, Above trend. Revenue growth was well above the company's own trend; EBITDA growth was above it; profit growth was in line with it. EBITDA margin was flat year on year. Revenue grew on the previous quarter, against its usual seasonal pattern. Revenue rose ₹1,102 cr on a year ago, more than the ₹583 cr it added the year before. Share price after the results: −2.3% in 30 days (Nifty 500: +6.9%).
  • Q3 FY25: Revenue ₹4,889 cr (+11% year on year), EBITDA ₹426 cr (−2% year on year), PAT ₹278 cr (−3% year on year), EBITDA margin 8.7% (−110 bps). Score 30 of 100, Below trend. Revenue and EBITDA growth were below the company's own trend; profit growth was well below it. EBITDA margin fell 110 bps year on year.
  • Q2 FY25: Revenue ₹4,539 cr (+16% year on year), EBITDA ₹375 cr (+1% year on year), PAT ₹268 cr (+8% year on year), EBITDA margin 8.3% (−130 bps). Score 36 of 100, Below trend. EBITDA margin fell 130 bps year on year. Other income 26% of PBT. Not enough history for a trend yet: scored on growth alone. Revenue fell 22% from last quarter.

Past price moves after results do not indicate future moves. Not a recommendation.

Havells India Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.