Havells India experienced significant financial decline during the first quarter of fiscal year 2026. The company reported net profits of Rs 347.53 crore, representing a sharp 32.78 percent decrease from the previous quarter's Rs 517 crore. Operational revenue fell to Rs 5,455.35 crore compared with Rs 6,543.56 crore in the fourth quarter of fiscal 2025. Total income reached Rs 5,524.53 crore, marking a 16.45 percent quarterly reduction. Year-over-year comparisons also showed deteriorating performance across multiple metrics.
The electrical products manufacturer attributed poor results to unusually mild summer weather conditions this year. Cooling product demand suffered substantially due to the temperate climate, contrasting sharply with strong seasonal sales in the previous year. However, the wires and cables division demonstrated resilience with 27.1 percent growth reaching Rs 1,933 crore. The lighting and fixtures segment declined 3.1 percent to Rs 374 crore while EBITDA margins compressed from 9.9 percent to 5.6 percent.
The electrical products manufacturer attributed poor results to unusually mild summer weather conditions this year. Cooling product demand suffered substantially due to the temperate climate, contrasting sharply with strong seasonal sales in the previous year. However, the wires and cables division demonstrated resilience with 27.1 percent growth reaching Rs 1,933 crore. The lighting and fixtures segment declined 3.1 percent to Rs 374 crore while EBITDA margins compressed from 9.9 percent to 5.6 percent.
