Havells Profit Drops 14.3% to ₹352.3 Cr in Apr-Jun, Sales Fall by 6%

Consumer electrical goods maker Havells India on Monday reported a 14.3% fall in its consolidated net profit to ₹352.34 crore in the April-June quarter of 2025-26 on account of tepid summer and subdued consumer demand.

The company had posted a consolidated net profit of ₹411.18 crore in the April-June quarter a year ago, according to a regulatory filing from Havells India.

Its revenue from operations declined by 6.21% to ₹5,437.81 crore in the June quarter compared to ₹5,798.11 crore in the corresponding period last fiscal.

Havells India's total expenses were also down 5.45% at ₹5,032.31 crore in the June quarter.

The total income of Havells India, which includes other income, was also down 6.26% to ₹5,506.87 crore.

June quarter has a "tepid summer" this year, in contrast to the strong season last year, which led to a significant decline in cooling products, said Havells in its earnings statement.

Moreover, consumer demand remains subdued while industrial-infra demand maintained its growth momentum. Focus on cost discipline resulted in modest growth in expenses, containing the impact of revenue decline on net profitability, it said.

Commenting on the results, Chairman and Managing Director Anil Rai Gupta said: "Q1 was a challenging quarter with unexpected weak summer impacting the overall performance; however, we feel this is transitory and expect both revenue growth and margin improvements over ensuing quarters.” During the quarter, its switchgears business grew by 9.3% to ₹630 crore against ₹576 crore in the corresponding quarter previous year. Its cable business grew by 27.1% to ₹1,933 crore in Q1 FY26.

Lighting and Fixtures business was down 3.1% at ₹374 crore in Q1 FY26 as against ₹386 crore in the corresponding quarter of the previous year. Its Electrical Consumer Durables business was also down 14.1% to ₹906 crore against INR 1,055 crore in the year-ago period.

Its Lloyd business was down 34.4% at ₹1,262 crore in June quarter.

Shares of Havells India on Monday settled at ₹1,532.05 on BSE, up 0.89% from the previous close.