Havells India Ltd

Havells India announced that Vivek Yadav, Executive Vice President of the Company is retiring today i.e. 31 October 2025 due to superannuation. Powered by Capital Market - Live

Havells India has appointed Pankaj Mohan Arora as Executive President - Finance with effect from 27 October 2025. Prior to joining the Company, Pankaj spent over six years at Russell Reynolds Associates as the Managing Director, where he led their consumer sector practice, while working more broadly in the Board and CEO practice. Prior to Russell Reynolds Associates, Pankaj was a Partner with KPMG in India for over five years, in their Governance, Risk, and Compliance practice. He was also responsible for setting up and leading their Board Leadership Centre and was co-chair of Women Corporate Directors. Prior to KPMG, Pankaj was the Managing Director of Protiviti Consulting, a boutique firm focussed on risk consulting. Pankaj started his professional journey in 1996 with Arthur Andersen and worked with EY and American Express Financial Advisors (now Ameriprise Financial) prior to joining Protiviti. Arora completed his Bachelor of Commerce with Honours from Shri Ram College of Commerce in 1996 and cleared his Chartered Accountancy, with all India ranks in both the intermediate and final examinations in 1999. Powered by Capital Market - Live

Net profit of Havells India rose 18.93% to Rs 319.00 crore in the quarter ended September 2025 as against Rs 268.23 crore during the previous quarter ended September 2024. Sales rose 5.29% to Rs 4779.33 crore in the quarter ended September 2025 as against Rs 4539.31 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales4779.334539.31 5 OPM %9.178.26 - PBDT520.37457.88 14 PBT414.59363.26 14 NP319.00268.23 19 Powered by Capital Market - Live

Havells India has allotted 50,421 equity shares under Havells Employees Stock Purchase Schemes (ESPS)on 16 October 2025. Powered by Capital Market - Live

The board of Havells India at its meeting held on 06 October 2025 has taken note of the fact that Havells International Inc has decided to acquire Salesmark Ventures LLC's 20% stake and consequently Havells HVAC LLC will become a wholly-owned subsidiary of Havells International Inc. Powered by Capital Market - Live

Havells India will hold a meeting of the Board of Directors of the Company on 17 October 2025.Powered by Capital Market - Live

Havells India announced that the Lloyd Kolors Refrigerator is now available for purchase on Flipkart, India's homegrown e-commerce marketplace and other channels of distribution. Through this collaboration, Lloyd is expanding its digital reach and making it more convenient for customers across India to purchase a refrigerator that offers the best of both worlds: smart features and standout design. With this move, people across tiers will be able to easily browse, compare, and order the Lloyd Kolors Refrigerator The refrigerator will be available on Flipkart and other channels of distribution at price starting Rs 18990.  Powered by Capital Market - Live

Havells India announced that the company has been issued an offer for allotment of additional Land measuring 1,58,200 square metres by the Rajasthan State Industrial Development & Investment Corporation (RIICO), Alwar. The proposed allotment of land parcel is adjacent to the existing manufacturing facility of the company at Alwar. The company plans to enhance its manufacturing capacity of cables at its Alwar plant. Powered by Capital Market - Live

Profit before tax stood at Rs 474.56 crore in the first quarter of FY26, down 14.13% year-on-year from Rs 552.67 crore reported in the same quarter of the previous fiscal year. EBITDA for the June 2025 quarter declined 9.8% to Rs 520 crore, compared to Rs 576 crore reported in Q1 FY25. The EBITDA margin also narrowed to 9.6%, down from 9.9% in the corresponding quarter of the previous year. The company attributed the decline in profitability to a tepid summer season this year, in stark contrast to a strong cooling season last year, which led to a significant drop in demand for cooling products. While consumer demand remained subdued, the industrial and infrastructure segments continued to maintain their growth momentum. The company also noted that a continued focus on cost discipline resulted in modest growth in expenses, which helped contain the overall impact of revenue decline on net profitability. On the segmental front, revenue from the electrical consumer durables (ECD) segment stood at Rs 906 crore, down 14.1% YoY, as unseasonal rains and a shorter summer season impacted demand for fans and air coolers. Switchgear revenue rose to Rs 630 crore, up 9.3% YoY, while the cable business recorded strong growth with revenue of Rs 1,933 crore, up 27.1% YoY, supported by robust volume growth, capacity expansion, and strong industrial and infrastructure demand. Revenue from the lighting and fixtures segment stood at Rs 374 crore, down 3.1% YoY, primarily due to approximately 10% YoY deflation in LED prices. Other revenue during the quarter stood at Rs 334 crore, marginally down by 0.8% YoY. Revenue from Lloyd Consumer declined sharply by 34.4% YoY to Rs 1,262 crore in the quarter ended 30 June 2025. The company stated that Lloyd's performance was impacted by a weak summer season as against a strong season last year; flattish growth in H1CY25 (Jan to June). 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 rose 2.96% to currently trade at Rs 1,577.35 on the BSE. Powered by Capital Market - Live

Net profit of Havells India declined 14.75% to Rs 347.72 crore in the quarter ended June 2025 as against Rs 407.90 crore during the previous quarter ended June 2024. Sales declined 6.04% to Rs 5455.35 crore in the quarter ended June 2025 as against Rs 5806.21 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales5455.355806.21 -6 OPM %9.459.86 - PBDT575.49641.02 -10 PBT469.75549.00 -14 NP347.72407.90 -15 Powered by Capital Market - Live