Havells India (HAVELLS) — Financial Results

Havells India held its Q3 FY25 earnings call on January 17, 2025, reporting mixed segment performance amid commodity headwinds. Power cables showed strong growth from the new Tumkur plant, while lighting delivered 13-14% volume growth despite deflationary pricing pressures. Lloyd appliances reached breakeven with a ₹480 crore capex announced for a new refrigerator facility in Rajasthan. Domestic wire destocking and switchgear margin pressures from plant relocation and project business mix tempered overall results. Management expects margins to stabilize in coming quarters as brand investments normalize and consumer demand gains traction.

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About Havells India Limited (HAVELLS)

Consumer Durables · Consumer Durables · Listed on NSE

Market Cap: ₹75,872.99 Cr P/E: 54.2

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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