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Havells India Limited (HAVELLS) investor relations material
Havells India Limited Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 FY27 consolidated revenue was Rs 6,431.99 crore, up from Rs 4,779.33 crore; EBITDA growth was ~30%, supported by operating leverage.
Steady consumer demand and a positive festive outlook supported confidence, while elevated commodity costs and macro uncertainty remained key variables.
Financial highlights
Consolidated Q2 PAT was Rs 349.22 crore versus Rs 318.28 crore; PBT was Rs 472.62 crore versus Rs 414.59 crore YoY.
H1 consolidated revenue was Rs 12,950.18 crore; PAT was Rs 638.93 crore versus Rs 665.81 crore and PBT was Rs 864.91 crore versus Rs 884.34 crore.
PBT growth was moderated by a prior-year comparison that included a one-time gain in other income.
Calibrated pricing actions addressed sharp raw-material cost increases; contribution margins softened YoY, mainly due to cables.
Outlook and guidance
Festive-season demand and margin outlook was positive, though macro uncertainty persisted and commodity prices remained elevated.
Further product-dependent price hikes of 5%-7% were expected in the current quarter; recent commodity abatement alone would not prompt price reductions.
No FY27 revenue guidance was given; Lloyd is intended to reach profitability in the medium term, with no specific timeline.
Contribution margins are expected to normalize over time, though sharp raw-material volatility can disrupt them temporarily.
- Sales climbed 32%, led by strong meter and cable growth, while EPS fell.HAVELLS
Q4 02/03 - Turnover rose 75% as new capacity, products and alliances fueled expansion.HAVELLS
Q4 96/97 - Sales grew, but profit and EPS fell as expansion targeted cables, MCBs and new markets.HAVELLS
Q4 97/98 - Sales rose 33% and net profit 66%, led by meters and cables.HAVELLS
Q4 98/99 - Sales grew 27%, profit 35%, with expansion and acquisition setting up further growth.HAVELLS
Q4 99/00 - Sales grew 63% as meters surged, acquisitions expanded reach and export plans advanced.HAVELLS
Q4 00/01 - Restructuring boosted scale as FY02 turnover rose 30% and net profit rose 38%.HAVELLS
Q4 01/02 - Turnover surged 43% as new consumer-electrical ventures and exports expanded the growth platform.HAVELLS
Q4 03/04 - Sales surged 59% as expansion and exports advanced, despite negative operating cash flow.HAVELLS
Q4 04/05
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Next Havells India Limited earnings date
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