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Havells Q2 Net Profit Rises 9.7% to ₹349 Cr as Revenue Grows 34.6%
Sentiment: PositiveHigh Priority
What Happened?
Havells India reported a 9.72% increase in consolidated net profit to ₹349.22 crore for Q2 FY27, driven by a 34.57% rise in revenue to ₹6,432 crore.
Key points
- Havells' total expenses rose 34.47% to ₹5,991.98 crore.
- The switchgear business revenue increased by 31.3% to ₹782 crore.
- Cables segment revenue grew by 47.9% to ₹2,999 crore.
- Revenue from lighting and fixtures rose 7% to ₹449 crore.
- The renewables business revenue more than doubled to ₹329 crore.
- Lloyd Consumer reported a 28.4% revenue growth to ₹615 crore.
Key insights
- Continued demand could lead to further expansion in Havells' product lines.
- The strong performance in the renewables segment may attract more investment.
- Havells' ability to navigate macro uncertainties could enhance its market position.
Why it matters
The growth in revenue and profit indicates strong demand for Havells' products amid economic challenges.
Entities
Havells India· CompanyAnil Rai Gupta· Person
Source
Business Standard
