Havells India Ltd
Havells India Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
1 of 3 strong
The short version
Management is confident about overall growth at Havells, including volume growth going forward (Page 17). Management is confident about overall growth, including volume growth alongside price increases (Page 17).
From Havells India Ltd's Q1 FY27 earnings-call transcript · updated 23 Sept 2026.
Revenue & Sales Performance
- Management is confident about overall growth at Havells, including volume growth going forward (Page 17).
- Double-digit volume growth is expected in most full quarters, except possibly the non-seasonal second and third quarters (Page 8).
- For air conditioners (Lloyd), volume growth is anticipated to be in single digits with higher value growth due to calibrated price hikes (Page 5).
- Renewables business shows excellent growth and is expected to become a larger segment, with a very positive outlook (Pages 7, 11).
- Cables and wires volumes have been largely flat recently due to raw material volatility and channel inventory management but are expected to grow with capacity expansions (Pages 7, 15).
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Profitability & Margins
See what Havells India Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- FY27 capex guidance is approximately INR 1,400 crores.
- Around INR 800 crores of capex will be allocated to the cables and wires business.
- About INR 200 crores will be invested in a new R&D center.
- Remaining capex will be divided among other business segments.
- Strategic investment in Goldi is part of the renewables business supply chain assurance.
- Havells is focusing on building capacity and supply chain for renewables, including battery energy storage solutions (BESS) and EV chargers.
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Top-ranked in Consumer Durables
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Havells India Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
Havells India Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹6.7K Cr, net profit ₹723 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Havells India Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Havells India Ltd Q1 FY27 results?
Management is confident about overall growth at Havells, including volume growth going forward (Page 17). Management is confident about overall growth, including volume growth alongside price increases (Page 17).
What is Havells India Ltd share price analysis?
Havells India Ltd currently shows a below-average growth signal. The stock trades at a P/E of 42.6 with a market cap of ₹71,065 Cr. Investors should review the full earnings analysis for detailed insights.
Is Havells India Ltd planning capital expenditure?
FY27 capex guidance is approximately INR 1,400 crores.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.