Anil Rai Gupta, Chairman and Managing Director of Havells India said, “There are too many projects within our various businesses, and we will continue to invest. There is enough that we have to focus on for growth coming in various businesses. Lloyd itself is a growth engine for Havells, and those investments will continue in Lloyd as well.”
In the January–March 2025 quarter (Q4FY25), the company reported a revenue of ₹6,543 crore
, with margins at 11.6% and profit after tax at ₹517 crore. Growth was driven by the cables and wires segment and the Lloyd business.
Gupta added, “As far as cables business is concerned, we do see some uptick in demand, also because of the fact that we had been the new capacity at Tumkur has already come up, which augurs well for the underground cable business. The wires business continues to be strong, but there is a little bit of a concern on the volume growth, value growth has been good.”
Regulatory shifts around Bureau of Indian Standards (BIS) for compressors are unlikely to disrupt Havells, which has a secure supply chain setup for 2-3 years.
After a slow start in rural markets earlier in the year, demand rebounded in Q4, aided by budgetary measures and liquidity improvements.
Havells is witnessing a clear shift in consumer preferences towards premium products, a trend that aligns with the company’s strategic direction.
In categories like fans, demand is rising for energy-efficient models, while in the switchgear segment, there’s growing interest in automation and electronic solutions. The premiumisation trend is evident not only in metropolitan areas but also across rural and semi-urban markets.
Gupta acknowledged rising competition but highlighted Havells’ entrenched distribution network and brand loyalty as key differentiators.
Havells India’s current market capitalisation is ₹ 1,00,912 crore. The stock was trading at ₹1,610 as of 11:11 am on the NSE, and it has gained 4% over the last year.
