Havells India Ltd
Havells India Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
FY27 revenue forecast is challenging due to uncertain macro environment and commodity price volatility. Havells aims for revenue growth in FY27 but finds forecasting challenging due to global uncertainties and inflationary pressures.
From Havells India Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY27 revenue forecast is challenging due to uncertain macro environment and commodity price volatility.
- The company expects some volume growth in summer products, aided by a low base from the previous year.
- Cables and wires segment saw 6% volume growth and 14% value growth in FY26; price hikes averaged around 8%.
- Long-term volume growth is positive but difficult to predict precisely.
- Brand investments and innovation aim to drive premium product growth and better margins.
- No significant shift expected from B2C to B2B; B2C to remain ~70-75% of sales.
- Solar and renewable energy segments are seen as high-growth areas with continued capacity expansion.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Havells India Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Major capex for FY27-28 will focus on cables and wires, with an INR 800 crore investment already underway this financial year.
- Significant investment is planned for a new R&D centre over the next 2 to 2.5 years.
- No major new capex planned for the Lloyd segment.
- Investments will be balanced across all segments in FY27, unlike FY26 where cables and wires saw most of the additions.
- Focus will also be on innovation, brand building, and distribution to strengthen market position.
2 more points management made on capital expenditure plans
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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
2 more points management made on 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 Q4 FY26 results?
FY27 revenue forecast is challenging due to uncertain macro environment and commodity price volatility. Havells aims for revenue growth in FY27 but finds forecasting challenging due to global uncertainties and inflationary pressures.
What is Havells India Ltd share price analysis?
Havells India Ltd currently shows a neutral. The stock trades at a P/E of 48.9 with a market cap of ₹81,458 Cr. Investors should review the full earnings analysis for detailed insights.
Is Havells India Ltd planning capital expenditure?
Major capex for FY27-28 will focus on cables and wires, with an INR 800 crore investment already underway this financial year.
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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.