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Latest news about Havells

Prabhudas Lilladher Maintains Accumulate Rating on Havells India with Target Price of ₹1,634 Jan 20, 2026

Prabhudas Lilladher maintains accumulate rating on Havells India with target price of ₹1,634 based on DCF valuation. The company reported moderate Q3FY26 growth led by 32.8% surge in wires & cables segment, while ECD segment benefited from strong heating product demand. The brokerage projects revenue/EBITDA/PAT CAGR of 11.9%/12.7%/13.2% over FY25-28E with planned ₹10 billion capex for FY27.

Havells India Stock Declines 4.5% Following Q3 Results Release Jan 20, 2026

Havells Warns Rising Raw Material Prices May Impact Short-Term Demand Jan 20, 2026

CLSA Maintains Outperform Rating on Havells India with Target Price of ₹1,670 Jan 20, 2026

Nomura Issues Buy Rating on Havells India with Target Price of ₹1,798 Jan 20, 2026

More news about Havells

20Jan 26

Goldman Sachs Raises Havells India Target Price to ₹1,880, Maintains Buy Rating

Goldman Sachs has maintained its Buy rating on Havells India while raising the target price to ₹1,880.00 from ₹1,730.00. The ₹150.00 upward revision demonstrates the investment bank's increased confidence in the electrical equipment manufacturer's prospects and business fundamentals.

20Jan 26

Motilal Oswal Maintains Neutral Rating on Havells India with Target Price of ₹1,590

Motilal Oswal Securities maintains neutral rating on Havells India with target price of ₹1,590, reflecting balanced view on electrical equipment manufacturer's valuation and growth prospects in current market conditions.

20Jan 26

Morgan Stanley Maintains Equal Weight Rating on Havells India, Cuts Target Price to ₹1,532

Morgan Stanley has maintained its Equal Weight rating on Havells India while reducing the target price from ₹1,660 to ₹1,532, representing a 7.71% downward revision. The unchanged rating suggests the brokerage views the stock as fairly valued, while the lower target price reflects a more conservative valuation approach for the electrical equipment manufacturer.

20Jan 26

Citi Maintains 'Neutral' Rating on Havells India with Target Price of ₹1,600

Citi Research has maintained its 'Neutral' rating on Havells India with a target price of ₹1,600 per share. The sustained rating reflects the brokerage's balanced view of the electrical equipment manufacturer's market position and growth prospects, suggesting the stock is fairly valued at current levels.

20Jan 26

Jefferies Maintains Hold Rating on Havells with Target Price of ₹1,555

Jefferies has assigned a Hold rating to Havells with a target price of ₹1,555.00. The neutral recommendation suggests the brokerage views the electrical equipment manufacturer's shares as fairly valued at current levels, indicating limited near-term upside potential.

20Jan 26

Havells Adopts Cautious Production Strategy for Summer Products, Solar Margins Show Mixed Performance

Havells has announced a cautious production strategy for summer products like air conditioners, prioritizing inventory clearance after a weak seasonal performance. The company's solar segment margins currently range from early double digits to high single digits, with management expressing optimism about future margin growth in this business vertical.

20Jan 26

Havells India Plans ₹1,000 Crore Capital Expenditure for FY27 Amid Industry Challenges

Havells India has announced a major capital expenditure plan of ₹1,000 crores for FY27, focusing on cables, wires, and a new R&D center. Despite facing industry challenges including price increases and rising commodity costs, the company remains optimistic about gradual demand recovery while implementing operational efficiency measures to navigate the current market environment.

19Jan 26

Havells India Q3FY26: Consolidated Revenue Up 14.3%, Net Profit Rises 8% to ₹300 Crores

Havells India delivered robust Q3FY26 performance with consolidated revenue growing 14.3% to ₹5,587.89 crores and net profit increasing 7.9% to ₹300.05 crores. The Cables segment led growth at 32.8% while Lloyd Consumer declined 6.5%. The Board approved ₹4 interim dividend per share and launched a new employee stock purchase scheme.

19Jan 26

Havells India Q3FY26: Revenue Beats Estimates at ₹5,573 Cr, Profit Misses Street

Havells India delivered mixed Q3FY26 results with revenue beating Street estimates at ₹5,573 crores (+14.2% YoY) but profit missing expectations at ₹301 crores vs estimated ₹346 crores. EBITDA grew 21.6% to ₹524 crores with margin improvement to 9.40%, while the company declared ₹4 interim dividend and approved employee stock purchase scheme.

19Jan 26

Havells India Q3FY26: Consolidated Revenue Rises 14.3% to ₹55.87 Billion, Misses Estimates

Havells India delivered strong consolidated revenue growth of 14.3% to ₹55.87 billion in Q3FY26, exceeding analyst estimates, but consolidated net profit of ₹3.00 billion missed expectations by 22.3%. The company's Cables segment led growth with 32.8% increase while Lloyd Consumer declined 6.5%. Board declared interim dividend of ₹4 per share and approved new employee stock purchase scheme.

14Jan 26

Havells India Schedules Q3FY26 Earnings Call for January 19, 2026

Havells India Limited has scheduled an earnings conference call for January 19, 2026, from 5:45 PM to 6:30 PM IST to discuss Q3FY26 and nine-month financial results ended December 31, 2025. The call will be hosted by ICICI Securities and feature key management including Chairman Anil Rai Gupta and other senior executives. Multiple access options are available including international toll-free numbers for global participation.

13Jan 26

Havells India Limited schedules Q3FY26 earnings conference call for January 19, 2026

Havells India Limited has scheduled an earnings conference call for January 19, 2026, from 5:45 PM to 6:30 PM IST to discuss Q3FY26 financial results for the quarter and nine months ended December 31, 2025. The call will be hosted by ICICI Securities and feature senior management including Chairman Anil Rai Gupta and other key executives. Multiple access options are provided including universal and international toll-free numbers for participants from various countries.

09Jan 26

Havells India Sees ₹45.04 Crore Block Trade on NSE at ₹1,492.30 Per Share

Havells India Ltd. executed a significant block trade on NSE worth ₹45.04 crores involving 301,828 shares at ₹1,492.30 per share. This substantial institutional transaction highlights active investor interest in the electrical equipment manufacturer's stock and represents meaningful trading volume that could influence market sentiment.

08Jan 26

Havells India Board Meeting on January 19, 2026 for Q3FY26 Results and Dividend

Havells India Limited has announced a board meeting on January 19, 2026, to approve Q3FY26 standalone and consolidated financial results for the period ending December 31, 2025, and consider interim dividend payment. The company has implemented trading window restrictions from January 1, 2026, extending until 48 hours post-meeting in compliance with SEBI regulations.

06Jan 26

Havells India Sees ₹25.82 Crore NSE Block Trade at ₹1,483 Per Share

Havells India Ltd. executed a major NSE block trade worth ₹25.82 crores, involving 174,104 shares at ₹1,483.00 per share. This institutional transaction demonstrates significant market activity and continued investor interest in the consumer durables company through efficient block trading mechanisms.

01Jan 26

Havells India Responds to BSE Inquiry on Trading Volume Movement

Havells India Limited responded to BSE's inquiry about significant trading volume increases in its securities, confirming full compliance with SEBI Regulation 30 disclosure requirements. The company stated no unpublished price-sensitive information exists and reaffirmed its commitment to timely disclosure of all material events to stock exchanges.

01Jan 26

Havells India Limited Receives ₹1.10 Crore Income Tax Penalty for FY 2009-10

Havells India Limited disclosed receiving a ₹1.10 crore income tax penalty for FY 2009-10 under Section 271(1)(c) of the Income Tax Act, 1961. The penalty notice was received on December 31, 2025, from the Deputy Commissioner of Income Tax, Central Circle-17, Delhi. The company stated there would be no material impact on financials or operations and plans to file an appeal with tax advisor consultation.

24Dec 25

High Court Clarifies GST Council's Role in Air Purifier Tax Rate Decision

The High Court has clarified its position on the proposed GST rate reduction for air purifiers, stating that such decisions fall under the GST council's jurisdiction comprising all state members. The court emphasized it cannot give concrete instructions that would require contacting each state official individually, highlighting the federal structure of GST decision-making and its limitations in policy matters affecting companies like Havells India in the consumer durables sector.

17Dec 25

Havells India Appoints Reshu Madan as President SBU Head with Three Decades of Industry Experience

Havells India Limited has appointed Mr. Reshu Madan as President SBU Head. Madan brings nearly three decades of leadership experience across diverse industries. He has previously held senior positions at Sterlite Electric Limited as Whole Time Director CEO and at TBEA Energy as Head-EPC Business. His appointment is expected to contribute to Havells' growth in the consumer durables and electrical equipment sectors.

15Dec 25

Havells India Appoints Manjit Singh Sethi as President-Cables with 35 Years Industry Experience

Havells India Limited has appointed Manjit Singh Sethi as President-Cables, effective December 15, 2025. Sethi brings over 35 years of experience in the electrical industry, having held senior leadership roles at ABB India and KEC International. He has expertise in leading transformer and cable businesses, with a track record of delivering profitable growth. Sethi holds an Electrical Engineering degree from Punjab Engineering College and an M.Tech in Management Studies from IIT Delhi.

15Dec 25

Morgan Stanley Maintains Equal-weight Rating on Havells India with ₹1,660.00 Price Target

Morgan Stanley has reaffirmed its Equal-weight rating on Havells India Ltd., with a price target of ₹1,660.00. This rating suggests the investment bank views the consumer durables company's stock as fairly valued at current market levels, expecting it to perform in line with the market or sector average.

26Nov 25

Havells India Invests in Green Energy: Acquires 26% Stake in Kundan Solar for INR 5.63 Crores

Havells India has acquired a 26% stake in Kundan Solar (Pali) Private Limited for INR 5.63 crores. The investment aims to develop a 15MW solar power plant with a power purchase agreement of up to 25 years. This strategic move is expected to reduce power costs at Havells' Rajasthan plants, comply with electricity laws as a captive consumer, and ensure long-term sustainable energy supply. The expected payback period is 12-18 months from commissioning.

09Nov 25

Havells India Resolves Trademark Dispute with HPL Group for Rs. 129.60 Crores

Havells India Limited has resolved a long-standing trademark dispute with the HPL Group. The settlement, executed on November 8, 2025, involves Havells paying Rs. 129.60 crores to HPL Group. HPL Group acknowledges Havells' absolute rights to the 'HAVELLS' trademark since 1971 and agrees to waive all claims, not use or challenge the mark, and change its corporate names. The agreement resolves all pending litigations in various courts, including the Delhi High Court and Supreme Court.

07Nov 25

LIC Boosts Stake in Havells India to 7.043% Through Market Acquisitions

Life Insurance Corporation of India (LIC) has increased its shareholding in Havells India Ltd from 5.004% to 7.043%. The acquisition of 12,793,294 shares occurred between May 26, 2025, and November 6, 2025, representing a 2.039% increase. LIC now holds 44,183,676 shares out of Havells' total 62,72,56,842 equity shares. Havells has announced upcoming investor meetings, including participation in UBS India Summit, CITIC CLSA India Forum, Avendus Spark INDX Conference, JM Financial India Conference, and Morgan Stanley Virtual India Industrials & Energy Seminar.

31Oct 25

Havells India Announces Retirement of Executive Vice President Vivek Yadav

Havells India Limited has informed the NSE and BSE about the retirement of Mr. Vivek Yadav, Executive Vice President, effective October 31, 2025. The retirement is due to superannuation. The company made this announcement in compliance with SEBI's LODR Regulations. No information about a successor has been provided.

28Oct 25

Havells India Unveils ₹60 Crore Expansion Plan for Washing Machine Production

Havells India Limited plans to increase its washing machine production capacity at its Ghiloth plant. The expansion will add 1,50,000 units per year, bringing the total capacity to 8,30,000 units annually. The company will invest ₹60.00 crores, funded through internal accruals, with the project expected to complete by December 2026. Currently, the plant operates at 52.00% capacity utilization.

27Oct 25

Havells India Appoints Pankaj Mohan Arora as Executive President - Finance

Havells India Limited has appointed Pankaj Mohan Arora as Executive President - Finance, effective October 27, 2025. Arora brings extensive experience from roles at Russell Reynolds Associates, KPMG India, Protiviti Consulting, and other firms. He holds a B.Com from Shri Ram College of Commerce and is a Chartered Accountant. This appointment aims to strengthen Havells' financial leadership and governance structure.

22Oct 25

Havells India Reports Mixed Q2 FY26 Performance Amid Summer Product Challenges

Havells India delivered a mixed performance in Q2 FY26, with weakness in summer products offset by growth in other segments. The cables business maintained steady growth, while LED lighting showed signs of stabilization. Higher working capital levels impacted cash balances and interest income. The company faced revenue decline in air conditioners, fans, and coolers due to a shorter summer season and high channel inventories. Management remains optimistic about H2 performance following GST rate reductions. Havells plans capex of INR 1,450 crores for FY26 and INR 1,000 crores for FY27, focusing on premiumization across product categories.

20Oct 25

Havells India Q2 Revenue Grows 5% YoY But Misses Estimates; Yes Securities Maintains Add Rating

Havells India's Q2 FY24 results show a 19% increase in net profit to ₹319 crore, surpassing estimates of ₹305 crore. Revenue grew 5.3% to ₹4,779 crore, falling short of expectations. EBITDA rose 16.8% to ₹438 crore, with margins improving to 9.17%. B2B segments performed well, with switchgears growing 8% and cables and wires expanding 12.4% YoY. However, consumer segments faced challenges, with ECD declining 1.8% and Lloyd dropping 18.5% YoY. Yes Securities maintains an 'Add' rating, expecting normalcy to return from Q4 onwards.

17Oct 25

Havells India Reports 16.5% Net Profit Growth in Q2 Despite Summer Product Weakness

Havells India Limited reported a 16.5% increase in net profit to Rs. 317.00 crores for Q2. Net revenue rose by 5.2% to Rs. 4,767.00 crores, with EBITDA up 16.3% to Rs. 442.00 crores. The cables segment showed strong performance, while Lloyd Consumer faced challenges with an 18.5% revenue decline. The company invested Rs. 600.00 crores in Goldi Solar during the quarter. For the half-year, net revenue declined 1.2% to Rs. 10,204.00 crores with net profit down 2% to Rs. 670.00 crores.

06Oct 25

Havells International Strengthens HVAC Presence: Acquires Full Ownership of US Joint Venture

Havells International, a subsidiary of Havells India Limited, plans to acquire the remaining 20% stake in Havells HVAC LLC from Salesmark Ventures LLC. This acquisition will make Havells HVAC LLC a wholly-owned subsidiary of Havells International, strengthening the company's position in the US HVAC market. The joint venture was originally established to market and sell portable air conditioning units and accessories in the USA.

23Sept 25

Havells India Expands Digital Reach: Lloyd Kolors Refrigerator Debuts on Flipkart

Havells India has introduced the Lloyd Kolors Refrigerator on Flipkart, expanding its digital presence. The refrigerator features smart cooling technology, energy efficiency, rapid freeze technology, and health-focused features. Available in various capacities and stylish colors, prices start at ₹18,990.00. This strategic move aims to make Havells' products more accessible to online shoppers across India.

17Sept 25

Havells India Secures Land Offer for Cable Manufacturing Expansion in Alwar

Havells India Limited has been offered 158,200 square meters of additional land by RIICO in Alwar, Rajasthan, adjacent to its existing manufacturing facility. This land allocation is intended to expand the company's cable manufacturing capacities, aligning with its growth strategy in the electrical equipment market. The move follows Havells' earlier announcement about enhancing production capabilities at its Alwar plant.

06Sept 25

Havells India Reports 24% Jump in Q4 Net Profit, Driven by Strong Summer Product Sales

Havells India's Q4 results show strong growth with net profit up 24% to Rs 449.00 crores and revenue increasing 12% to Rs 5,434.00 crores. EBITDA rose 20% to Rs 637.00 crores with margins improving to 11.7%. The company maintained a net cash balance of Rs 3,015.00 crores. Growth was seen across segments: Electrical Consumer Durables (21%), Cables (14%), Switchgears (8%), and Lloyd Consumer (6%). Full-year performance saw net revenue up 10% to Rs 18,550.00 crores and net profit growing 18% to Rs 1,273.00 crores. The company benefited from summer product demand and real estate sector uptick.

06Sept 25

Havells India Commits Rs 250 Crore for Management School at Ashoka University

Havells India has announced a Rs 250 crore grant to establish the Havells School of Management and Leadership at Ashoka University. The school will offer innovative undergraduate programs in Applied Liberal Arts and Management, along with integrated postgraduate programs. This initiative marks Havells' third and largest commitment to Ashoka University since 2014. The new school aims to combine management education with liberal arts foundations and will integrate Ashoka's existing InfoEdge Centre for Entrepreneurship.

11Aug 25

Havells India Eyes Rs 1,500 Crore Solar Business Amid Q1 Challenges

Havells India aims to expand its solar business to Rs 1,000-1,500 crore in revenue over the next few years, despite a challenging Q1 performance. The company invested Rs 600 crore in PV module manufacturer Goldi Solar. Q1 results showed a 6% decline in revenue to Rs 5,437.81 crore and a 14% drop in net profit to Rs 352.34 crore. Despite the short-term challenges, management remains optimistic about gradual improvement in coming quarters. Havells shares closed at Rs 1,474.00, down 1.17%, with analysts maintaining a largely positive outlook.

11Aug 25

Havells India Executes Rs. 58.44 Crore Block Trade on NSE

A significant block trade of approximately 395,025 Havells India shares occurred on the National Stock Exchange (NSE) at Rs. 1,479.50 per share, totaling Rs. 58.44 crores. This large-scale transaction indicates substantial institutional trading activity in the electrical equipment manufacturer's stock.

24Jul 25

Havells India Reports Challenging Q1 FY26 Amid Weak Summer Demand, Invests Rs 600 Crore in Goldi Solar

Havells India Limited experienced a challenging Q1 FY26 due to weak summer conditions and subdued consumer demand. The company saw a decline in cooling products revenue but reported robust growth in the Cables & Wires segment. Havells invested Rs 600 crores in Goldi Solar to expand its renewable energy portfolio. Rural sales are growing faster than urban areas. The Lloyd business maintained margin improvements despite revenue challenges. The Cable and Wire business achieved 27% value growth and 20-21% volume growth. Management expects these challenges to be temporary and anticipates growth in coming quarters.

22Jul 25

Havells India Shares Worth Rs. 61.73 Crores Traded in NSE Block Deal Amid Q1 Results

Havells India reported Q1 FY24 results with revenue declining 6.2% YoY to Rs. 5,437.81 crores and net profit at Rs. 352.34 crores. The cables segment grew 27.1%, while Lloyd Consumer segment declined 34.4% due to weak summer demand. The company saw a block trade of 404,026 shares at Rs. 1,527.80 per share on NSE, totaling Rs. 61.73 crores. Havells also invested Rs. 600 crores for a 9.09% stake in Goldi Solar Private Limited.

21Jul 25

Havells India Invests ₹600 Crore in Solar Sector Amid Q1 Revenue Dip

Havells India Ltd has invested ₹600 crore in Goldi Solar Private Limited, acquiring a 9.09% stake to boost its presence in the renewable energy sector. The company's Q1 results show a 6.2% decrease in consolidated revenue to ₹5,455.35 crore and a 14.7% decline in profit after tax to ₹347.53 crore. Segment-wise performance varied, with Cables showing 27.1% growth, while Lloyd Consumer products declined by 34.1%. The company is focusing on long-term growth strategies, including expanding its industrial demand base and improving operational efficiency to navigate current market challenges.

21Jul 25

Havells Q1 Profit Falls 14% to Rs 352 Crore as Weak Summer Hurts AC Sales

Havells, an electrical equipment manufacturer, reported a 14% decline in standalone net profit to Rs 352.00 crore for Q1 FY24. Net sales decreased by 6% to Rs 5,438.00 crore due to weak demand for cooling products. The cables segment grew by 27%, while Lloyd Consumer and Electrical Consumer Durables segments declined by 34% and 14% respectively. Management expects challenges to be temporary with improvements anticipated in coming quarters.

16Jul 25

Havells India Ltd Announces Q1 Earnings Call for July 21

Havells India Ltd, a leading electrical equipment manufacturer, has announced its Q1 earnings call for July 21, 2025, at 5:15 PM. The call will discuss the company's quarterly financial results. Additionally, Havells' Registrar and Share Transfer Agent has confirmed compliance with SEBI regulations for the quarter ended June 30, 2025, demonstrating the company's commitment to regulatory standards.

11Jul 25

Havells India Sees Significant Block Trade: 228,774 Shares Change Hands

A significant block trade of 228,774 shares of Havells India Ltd. occurred on the National Stock Exchange (NSE). The transaction was executed at Rs. 1,528.10 per share, totaling Rs. 34.96 crores. This large-scale trade has drawn attention from market observers due to its potential implications for the company's stock.

10Jun 25

Havells India Secures CCI Approval for Stake Acquisition in Goldi Solar

Havells India has received approval from the Competition Commission of India (CCI) for its planned stake acquisition in Goldi Solar. This move signifies Havells' expansion into the solar energy market, aligning with the growing demand for renewable energy solutions. The approval allows Havells to diversify its portfolio and strengthen its position in the sustainable energy sector. While specific details of the stake size and financial terms remain undisclosed, this strategic move is expected to open new revenue streams for Havells India.

05Jun 25

Havells India Shares: Major Block Trade Worth ₹74.61 Crore on NSE

A substantial block trade of approximately 501,559 Havells India Ltd. shares occurred on the National Stock Exchange. The transaction was executed at ₹1,487.50 per share, totaling ₹74.61 crore. This significant trade in the electrical equipment manufacturer's stock has drawn market attention, potentially indicating shifts in large investor holdings.

03Jun 25

Havells India Shares: Major Block Trade Executed on NSE

A significant block trade of Havells India Ltd. shares occurred on the National Stock Exchange (NSE). The transaction involved 144,235 shares, valued at Rs. 21.81 crores, with each share priced at Rs. 1,512.30. This trade highlights potential institutional investor activity or changes in major shareholdings, though the identities of the buyer and seller remain undisclosed. The transaction underscores the liquidity of Havells India's stock and investor interest in the electrical equipment manufacturer.

26May 25

Havells India Announces ₹340 Crore Investment to Boost Cable Manufacturing Capacity, Share Price Rises

Havells India plans to invest ₹340 crore to expand its cable manufacturing capacity at its Alwar facility. The project is expected to be fully operational by September 2026. The company's share price increased by 1% to ₹1589.30 in early trade following the announcement. Havells India also declared a final dividend of ₹6 per share, bringing the total dividend for FY 2024-25 to ₹10 per share.

23May 25

Havells India: ₹340 Crore Investment Boosts Cable Production

Havells India is investing an additional ₹340 crore to expand its cable manufacturing capacity at its Alwar facility. This follows a previous ₹375 crore expansion plan, bringing the total investment to ₹715 crore. The expansion will increase production by 41.45 lakh km and is set to complete by September 2026. This move aims to strengthen Havells' manufacturing capabilities and meet growing market demand in India's electrical equipment sector.

22May 25

Havells India Reports 16% Profit Surge; Last Day for Dividend Eligibility

Havells India posted strong Q4 results with a 16% increase in net profit to Rs 522.26 crore and a 20.2% rise in revenue to Rs 6,544 crore. The company declared a second interim dividend of Rs 6 per share. Operating profit grew by 19.46% to Rs 760.7 crore, while EPS increased by 16.34% to Rs 8.33. The results demonstrate Havells' market strength and operational efficiency in the electrical equipment sector.

21May 25

Havells India Gears Up to Enter EV Charger Market by 2026

Havells India plans to launch its own line of EV chargers by Q3 FY2026, investing ₹70-100 crore. This strategic move into the Electric Vehicle Supply Equipment (EVSE) market aligns with the global shift towards electric mobility and growing demand for charging infrastructure in India. The company aims to capitalize on the expanding EV adoption and diversify its product portfolio in the sustainable energy solutions market.

08May 25

Havells India Secures 50-Acre Land for Electronics Manufacturing Unit in Uttar Pradesh

Havells India received a Letter of Intent from YEIDA for a 50-acre land parcel in Uttar Pradesh to develop an electronics manufacturing unit. The project is eligible for a 75% front-end land subsidy. This expansion aims to enhance manufacturing capabilities and market presence in consumer electronics. The company also reported a 16% increase in Q4 profit to ₹518 crore and a 20% rise in revenue to ₹6,543 crore.

25Apr 25

Havells India Ltd: Major Block Trade and Upcoming Corporate Events

Havells India Ltd reported a block trade of 349,206 shares at Rs. 1603.00 per share, totaling Rs. 55.98 crores. The company scheduled its 42nd AGM for June 17, 2025, with a book closure period from May 26-30, 2025, and a record date of May 25, 2025. A final dividend of Rs. 6.00 per share was recommended for FY 2024-25. Additionally, Shri Siddhartha Pandit was reappointed as Wholetime Director for a 3-year term, subject to shareholder approval.

23Apr 25

Havells India Unveils ₹2,600 Crore Investment Plan Amid Strong Q4 Performance

Havells India plans to invest ₹2,600 crore over the next two years, with ₹2,000 crore for business expansion and ₹600 crore for renewable energy. The company reported robust Q4 FY25 results with revenue up 20.2% to ₹6,532.21 crore, EBITDA up 19.5% to ₹761.00 crore, and net profit up 16.4% to ₹522.26 crore. The Lloyd Consumer division led segment growth at 39.5%. The company aims to enhance capacity in cables, expand switchgear range, and focus on premium products. A final dividend of ₹6.00 per equity share was recommended.

23Apr 25

Havells India: Q4 Profit Surges 16% YoY, Revenue Up 20%

Havells India announced impressive financial results for Q4 and FY25. Q4 net profit rose 16.4% to ₹522.00 crore, with revenue up 20.2% to ₹6,532.00 crore. The Lloyd Consumer division showed remarkable 39.5% growth. For FY25, consolidated revenue increased 17.2% to ₹21,778.06 crore, with net profit up 15.7% to ₹1,470.24 crore. The company declared a final dividend of ₹6.00 per share. Havells also plans to invest ₹600.00 crore in Goldi Solar Private Limited to boost its renewable energy sector presence.

22Apr 25

Havells India Reports 16% Profit Surge in Q4, Declares ₹6 Final Dividend

Havells India posted impressive Q4 FY25 results with a 16% YoY increase in net profit to ₹522.26 crore and a 20.2% rise in revenue to ₹6,532.21 crore. Full-year FY25 saw revenue grow 17.2% to ₹21,745.81 crore and net profit increase 16.9% to ₹1,488.84 crore. The company announced a final dividend of ₹6 per share. Havells also plans to invest ₹600 crore in Goldi Solar Private Limited to boost its renewable energy sector presence.

20Apr 25

Havells India Sets Date for Q4 and FY25 Results, Dividend Announcement

Havells India will announce Q4 and FY25 results on April 22, 2025, with the board considering a final dividend. An earnings call is scheduled for 6:00 PM the same day. The company has implemented a trading window closure for designated persons from April 1 to April 24, 2025, to ensure fair trading practices.

15Apr 25

Havells India Invests ₹600 Crore in Goldi Solar, Expanding into Renewable Energy

Havells India Limited is investing ₹600 crore for an 8.90% to 9.24% stake in Goldi Solar Private Limited, a solar module and inverter manufacturer. This strategic move marks Havells' entry into the renewable energy sector, aligning with the company's focus on energy transition. Goldi Solar plans to expand its module manufacturing capacity to 14.7GW by July 2025 and develop domestic cell manufacturing. The deal, subject to CCI approval, is expected to close by June 30, 2025, and includes a master supply agreement for solar modules and cells.

14Apr 25

Havells India Makes Strategic ₹600 Crore Investment in Goldi Solar, Eyeing Renewable Energy Growth

Havells India Limited is investing ₹600 crore for a minority stake (8.90% to 9.24%) in Goldi Solar Private Limited, a leading solar module manufacturer. This strategic move marks Havells' entry into the renewable energy sector, aligning with the 'Energy transition' trend. Goldi Solar plans to expand its module manufacturing capacity to 14.7GW by July 2025 and develop domestic cell manufacturing capabilities. The deal, subject to regulatory approvals, values Goldi Solar at approximately 20 times its FY25 EV/EBITDA multiple. This partnership aims to strengthen Havells' position in the growing renewable energy market, ensuring a consistent supply of critical solar components.

07Apr 25

Havells' Lloyd Brand Expands AC Manufacturing Capacity and Launches Premium Luxuria Collection

Havells India's subsidiary Lloyd has tripled its air conditioner manufacturing capacity to 3 million units and introduced the premium Luxuria Collection. The company has also expanded its product portfolio to include new air conditioner models, refrigerators, mini LED TVs, and washing machines, positioning itself for growth in the consumer appliances market.

24Feb 25

Havells India Set to Charge into EV Market Within Six Months

Havells India Ltd plans to expand into the electric vehicle (EV) charging segment within the next six months. The company aims to cater to automakers, charging infrastructure providers, consumers, and real estate developers. This strategic move aligns with India's growing EV market, driven by government initiatives, environmental awareness, and rising fuel prices. Havells' entry into this sector could lead to diversification, revenue growth, brand enhancement, and a competitive edge in the rapidly expanding EV infrastructure landscape.