Havells profit drops 14.3 pc to Rs 352.3 cr in Apr-Jun sales fall by 6 pc

    New Delhi, Jul 21 (PTI) Consumer electrical goods maker Havells India on Monday reported a 14.3 per cent fall in its consolidated net profit to Rs 352.34 crore in the April-June quarter of 2025-26 on account of tepid summer and subdued consumer demand.
     The company had posted a consolidated net profit of Rs 411.18 crore in the April-June quarter a year ago, according to a regulatory filing from Havells India.
     Its revenue from operations declined by 6.21 per cent to Rs 5,437.81 crore in the June quarter compared to Rs 5,798.11 crore in the corresponding period last fiscal.
     Havells India's total expenses were also down 5.45 per cent at Rs 5,032.31 crore in the June quarter.
     The total income of Havells India, which includes other income, was also down 6.26 per cent to Rs 5,506.87 crore.
     June quarter has a "tepid summer" this year, in contrast to the strong season last year, which led to a significant decline in cooling products, said Havells in its earnings statement.
     Moreover, consumer demand remains subdued while industrial-infra demand maintained its growth momentum. Focus on cost discipline resulted in modest growth in expenses, containing the impact of revenue decline on net profitability, it said.
     Commenting on the results, Chairman and Managing Director Anil Rai Gupta said: "Q1 was a challenging quarter with unexpected weak summer impacting the overall performance; however, we feel this is transitory and expect both revenue growth and margin improvements over ensuing quarters.”
     During the quarter, its switchgears business grew by 9.3 per cent to Rs 630 crore against Rs 576 crore in the corresponding quarter previous year. Its cable business grew by 27.1 per cent to Rs 1,933 crore in Q1 FY26.
     Lighting and Fixtures business was down 3.1 per cent at Rs 374 crore in Q1 FY26 as against Rs 386 crore in the corresponding quarter of the previous year. Its Electrical Consumer Durables business was also down 14.1 per cent to Rs 906 crore against INR 1,055 crore in the year-ago period.
     Its Lloyd business was down 34.4 per cent at Rs 1,262 crore in June quarter.
     Shares of Havells India on Monday settled at Rs 1,532.05 on BSE, up 0.89 per cent from the previous close.

(This story has not been edited by THE WEEK and is auto-generated from PTI)