Havells India Limited (HAVELLS) — Financial Results Announcement

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📢 Key Event
Havells India reports 6% volume and 14% value growth in Cables & Wires for Q4 FY26 amid margin pressures.

🔄 What Changed
6% volume growth and 14% value growth in Cables & Wires; Rs 283 crore valuation gain from Goldi Solar; working capital improved with debtor days reduced to 13 days.

🔮 What's Next
FY27 capex of Rs 800 crores in cables and wires; Rs 4,000 crores allocated for Lloyd expansion; target of 2 percentage point margin improvement over medium term; continued focus on innovation, brand building, and R&D investment.

💡 Investor Takeaway
Havells is prioritizing long-term growth through innovation and capacity expansion, accepting short-term margin pressures to build sustainable profitability and market leadership.

Havells India reported robust growth in Q4 FY26, with 6% volume and 14% value growth in Cables & Wires, driven by calibrated price hikes and strong demand. Segment margins faced pressure from raw material costs, but the company maintained market share across fans and ACs while expanding renewable investments, including a Rs 600 crore stake in Goldi Solar. Management highlighted long-term brand building, innovation, and capacity expansion as pillars for FY27, targeting margin improvement of 2 percentage points through operating leverage and balanced capex in cables, Lloyd, and R&D.

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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.

Havells India Limited (HAVELLS) — Financial Results Announcement

About Havells India Limited (HAVELLS)

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