Havells India Ltd

Havells India will hold a meeting of the Board of Directors of the Company on 22 April 2025.Powered by Capital Market - Live

Havells India Ltd lost 4.78% today to trade at Rs 1483. The BSE Consumer Durables index is down 0.3% to quote at 55025.22. The index is up 0.92 % over last one month. Among the other constituents of the index, Voltas Ltd decreased 0.71% and Aditya Birla Fashion & Retail Ltd lost 0.38% on the day. The BSE Consumer Durables index went up 10.35 % over last one year compared to the 5.17% surge in benchmark SENSEX. Havells India Ltd has lost 1.86% over last one month compared to 0.92% gain in BSE Consumer Durables index and 0.18% drop in the SENSEX. On the BSE, 5320 shares were traded in the counter so far compared with average daily volumes of 22719 shares in the past one month. The stock hit a record high of Rs 2104.95 on 23 Sep 2024. The stock hit a 52-week low of Rs 1380.55 on 03 Mar 2025.Powered by Capital Market - Live

Havells India Ltd lost 7.72% today to trade at Rs 1428.05. The BSE Consumer Durables index is down 0.83% to quote at 54202.89. The index is down 3.9 % over last one month. Among the other constituents of the index, Whirlpool of India Ltd decreased 0.88% and Aditya Birla Fashion & Retail Ltd lost 0.4% on the day. The BSE Consumer Durables index went up 6.24 % over last one year compared to the 3.37% surge in benchmark SENSEX. Havells India Ltd has lost 4.29% over last one month compared to 3.9% fall in BSE Consumer Durables index and 1.53% drop in the SENSEX. On the BSE, 8918 shares were traded in the counter so far compared with average daily volumes of 19294 shares in the past one month. The stock hit a record high of Rs 2104.95 on 23 Sep 2024. The stock hit a 52-week low of Rs 1410.6 on 27 Feb 2025.Powered by Capital Market - Live

Havells India announced that the Board of Directors of the Company at its meeting held on 16 January 2025, inter alia, have recommended the interim dividend of Rs 4 per equity Share (i.e. 400%) , subject to the approval of the shareholders.Powered by Capital Market - Live

However, revenue from operations rose 11% YoY to Rs 4,882.50 crore in the quarter ended 31 December 2024. Profit before tax stood at Rs 382.19 crore in the third quarter of FY25, down 2.2% YoY from Rs 390.69 crore reported in same quarter last year. In the December 2024 quarter, EBITDA shed marginally to Rs 432 crore as compared to Rs 433 crore in Q3 FY24. The EBITDA margin also decreased to 8.8%, down from 9.8% in the same period last year. Revenue from electrical consumer durables stood at Rs 1,104 crore (up 14.9% YoY), switchgear revenue stood at Rs 577 crore (up 10.8% YoY), cable business revenue was at Rs 1,688 crore (up 7.3% YoY), lighting & fixtures revenue stood at Rs 441 crore (up 2.5% YoY) and other revenue was at Rs 331 crore (up 22.8% YoY) during the period under review. Revenue from Lloyd Consumer rose 14.7% YoY to Rs 742 crore in the quarter ended 31 December 2024. Havells highlighted that growth in the domestic switchgear segment was driven by the real estate and project business, although industrial switchgear (IP) remained soft. The company experienced strong growth in power cables, with the Tumkur plant, currently in the ramp-up stage, contributing positively to growth. However, softness in copper prices led to channel destocking in wires, impacting revenues. In lighting, while there was decent volume growth, revenues were still pressured due to ongoing LED price deflation. The 'others' segment continued its growth momentum, and the quarter was steady for Lloyd. On nine-month basis, the company's net profit jumped 17.3% to Rs 966.58 crore on 16% increase in revenue to Rs 15,213.60 crore in 9M FY25 over 9M FY24. The company's board has declared an interim dividend of Rs 4 per equity share of Re 1 each on the company's equity share capital. This dividend will be payable to all shareholders whose names appear in the register of members as of the record date 22 January 2025. The dividend will be paid or dispatched to shareholders on or before 14 February 2025, which is within 30 days from the date of its declaration. Havells India is a leading fast-moving electrical goods (FMEG) company and a major power distribution equipment manufacturer with a strong global presence. The scrip shed 0.38% to currently trade at Rs 1,551.40 on the BSE. Powered by Capital Market - Live

Net profit of Havells India declined 3.34% to Rs 278.30 crore in the quarter ended December 2024 as against Rs 287.91 crore during the previous quarter ended December 2023. Sales rose 10.76% to Rs 4888.98 crore in the quarter ended December 2024 as against Rs 4413.86 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales4888.984413.86 11 OPM %8.729.80 - PBDT481.44478.39 1 PBT377.34390.73 -3 NP278.30287.91 -3 Powered by Capital Market - Live

Havells India has fixed 22 January 2025 as record date for determining the entitlement for payment of Interim Dividend. Powered by Capital Market - Live

Havells India will hold a meeting of the Board of Directors of the Company on 16 January 2025.Powered by Capital Market - Live

Havells India announced the resignation of Saurabh Goel as Executive President and SBU Head (Cables and Switchgear) with effect from 31 December 2024. Powered by Capital Market - Live

The company will setup new manufacturing facility with proposed capacity utilisaion of 14,00,000 units. The said capacity will be added by second quarter of FY27. The firm will invest approximately Rs 480 crore. It aims to reap the benefits of backward integration and economies of scale through this investment. Havells India is a leading fast moving electrical goods (FMEG) company and a major power distribution equipment manufacturer with a strong global presence. The company's consolidated net profit increased 7.7% to Rs 268.23 crore on 16.4% jump in revenue from operations to Rs 4,539.31 crore in Q2 FY25 over Q2 FY24.Powered by Capital Market - Live