Havells Q2 FY27 call: 35% revenue growth, 30% EBITDA growth

Management guided margin improvementManagement guided margin pressureInvestor Communications View source PDF Explain this filing

HAVELLS · price

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Price reactionminutes from the announcement price · days from the prior close

-2.0%Reaction day

₹1031.00

prior close

₹1022.00

announcement price

After-mkt

timing

Nifty Midcap 150market+1.1%-3.1% vs market

Consumer Electronics peers, median of 13sector-0.2%-1.9% vs sector

On the reaction day the stock moved 3.1 pts less than Nifty Midcap 150 and 1.9 pts less than its Consumer Electronics peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.5

10m

-0.6

15m

-0.2

30m

+0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.0+1.1-3.1-0.2-1.9

Next day

-2.2+2.0-4.2+2.3-4.5

-0.5+2.3-2.8+2.0-2.6

-1.3+3.2-4.4+3.9-5.1

-1.7+2.2-3.9+0.9-2.6

-0.2+3.5-3.7+2.3-2.5

+3.6+6.2-2.6+9.5-5.9

15d

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UpDownMarket · Nifty Midcap 150Sector · Consumer Electronics peers, median of 13Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Havells reported 35% year-on-year Q2 FY27 revenue growth and about 30% EBITDA growth. Cable margins were softer due to aluminium price volatility, while H1 cable contribution margins were about 15%. Switchgear margins recovered to 38-39%. Lloyd remained weak from inflation and off-season under-absorption. Management expects festive-season demand and margins to improve, plans 5-7% price hikes, and did not give a timeline for Lloyd profitability.

Likely market impact

Strong growth supports the stock, but commodity inflation and Lloyd losses cap margins. Price hikes and capacity ramp-up should aid profitability.