Havells India Q1 Net Profit Falls 16.64 Percent

Havells India Ltd reported a decline in consolidated net profit for the first quarter ended June 30, 2026, falling 16.64 percent to ₹289.71 crore from ₹347.53 crore in the prior-year period. Standalone net profit similarly decreased 17.63 percent to ₹298.43 crore.

The company attributed the profit drop to doubled advertising and promotion spending, which reached ₹286.51 crore, and higher raw material and input costs driven by war in West Asia. To mitigate these inflationary pressures, the company implemented staggered price hikes.

Consolidated revenue from operations rose to ₹6,518.19 crore, up from ₹5,455.35 crore in the previous year. Performance was led by the Cables segment at ₹2,455.62 crore and Lloyd Consumer at ₹1,459.62 crore. The company also reported growth in its new Renewables segment, which reached ₹314.34 crore.