Havells India Limited has informed the Exchange about Transcript
HAVELLS · price
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Havells reported a modest Q4 FY26 performance with cooling products impacted by a delayed summer season. Cables and wires grew 14% in value terms with 6% volume growth, while industrial cables outperformed domestic wires. The company took calibrated price increases of 5-20% across categories to counter raw material cost pressures from geopolitical disruptions. A Rs 283 crore fair valuation gain on the Goldi Solar investment was recognized under other income. Lloyd's profitability remains under pressure and is a work-in-progress, though a new refrigerator plant at Ghiloth has been commissioned. Management declined to provide specific growth guidance given the uncertain environment but maintained its medium-term margin improvement target of over 2 percentage points.
The stock may see limited immediate reaction as management avoided giving quantitative guidance. Ongoing price hikes and cost pass-through actions should support margins, but near-term consumer demand remains uncertain amid sharp inflation.