Havells , a leading electrical equipment manufacturer, has reported a decline in its financial performance for the first quarter of the fiscal year. The company's standalone net profit dropped 14% to Rs 352.00 crore, down from Rs 409.00 crore in the same period last year, reflecting challenging market conditions and an unexpectedly weak summer.

Revenue and Profitability

The company's net sales decreased by 6% to Rs 5,438.00 crore, compared to Rs 5,783.00 crore in the corresponding quarter of the previous year. This decline in revenue was primarily attributed to weak sales of air-conditioners, fans, and air-coolers due to the unexpectedly mild summer.

Segment Performance

The company's performance varied across different segments:

The cables segment showed strong growth with a 27% increase, while the Lloyd Consumer and Electrical Consumer Durables segments faced significant declines of 34% and 14% respectively.

Management Commentary

Anil Rai Gupta, Chairman of Havells, commented on the results, stating that the high channel inventory for air conditioners will take 1-2 quarters to liquidate, with production being adjusted accordingly. He expects the challenges to be transitory, with revenue growth and margin improvements anticipated in the coming quarters.

Outlook

Despite the challenging quarter, Havells remains optimistic about future performance. The company expects the current challenges to be temporary and is looking forward to improvements in revenue growth and margins in the upcoming quarters.

Investors and analysts will be closely watching Havells' performance in the coming quarters for signs of recovery, particularly in the consumer durables and Lloyd segments.

Note: All financial figures are based on the standalone results for the quarter ended June 30, as reported by Havells Limited.

Havells India Ltd , a leading electrical equipment manufacturer, has scheduled its Q1 earnings call for July 21, 2025, at 5:15 PM. The company will discuss its quarterly financial results during this call, providing investors and analysts with insights into its performance for the first quarter of the fiscal year.

Key Points

• Earnings Call Date: July 21, 2025
• Time: 5:15 PM
• Purpose: Discussion of Q1 financial results

This announcement comes as Havells continues to maintain transparency with its stakeholders. The earnings call will likely cover various aspects of the company's financial performance, including revenue, profitability, and any significant developments during the quarter.

Recent Regulatory Compliance

In a recent development, Havells India Ltd has demonstrated its commitment to regulatory compliance. The company's Registrar and Share Transfer Agent (RTA), MUFG Intime India Private Limited, has confirmed compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended June 30, 2025.

The compliance certificate, dated July 7, 2025, confirms that:

1. Securities received for dematerialization during the quarter were promptly processed and confirmed to the depositories.
2. Securities comprised in the certificates were listed on the relevant stock exchanges.
3. Security certificates received for dematerialization were verified, mutilated, and cancelled as per the required procedure.
4. The name of the depositories has been substituted in the register of members as the registered owner within the prescribed timelines.

This regulatory compliance underscores Havells' adherence to securities market regulations and its commitment to maintaining accurate and up-to-date records of its securities.

Investors and analysts interested in Havells India Ltd's Q1 performance are encouraged to participate in the upcoming earnings call on July 21. The call is expected to provide valuable insights into the company's financial health and operational performance for the quarter.