Havells India Limited has informed the Exchange about Investor Presentation
HAVELLS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Havells India reported Q4 FY26 net revenue of Rs 6,688 crores, up 2.4% YoY, with PAT of Rs 734 crores rising 40.6% YoY. The PAT surge was partly due to a Rs 283 crore fair value gain on its Rs 600 crore investment in Goldi Solar made in Q1 FY26. Full year FY26 revenue stood at Rs 22,466 crores (3.3% growth) with PAT of Rs 1,705 crores (14.5% growth). Performance was mixed: Cables delivered strong 14% Q4 growth while Lloyd Consumer declined 19% due to delayed summer onset and a high base. EBITDA margin compressed to 10.9% in Q4 from 11.6% a year ago. The company maintained disciplined spends but increased advertising investment for higher visibility. Cash position remains strong at Rs 2,351 crores despite higher capex of Rs 1,484 crores for capacity expansion in Cables and Refrigerators.
The stock may see neutral reaction as Q4 revenue growth was modest due to seasonal factors in consumer durables. The one-time fair value gain inflated PAT, which may not repeat. However, strong cash reserves and capacity investments in high-growth Cables segment provide long-term upside. Lloyd's continued weakness remains a concern.