Havells India Ltd., the wires and cables maker, reported its financial results for the quarter ended June 30, 2025, after market hours on Monday. The company’s performance came in below expectations across most parameters, hurt by weakness in its consumer-focused businesses.
Revenue for the quarter declined 6.2% year-on-year to ₹5,438 crore, compared to ₹5,797 crore in the same quarter last year. This figure also missed estimate of ₹5,767 crore. The topline was weighed down by sharp declines in the Electrical Consumer Durables and Lloyd Consumer businesses.
Revenue from the Electrical Consumer business fell 14% YoY to ₹906 crore from ₹1,055 crore, while Lloyd Consumer’s revenue dropped 35% YoY to ₹1,262 crore from ₹1,924 crore — steeper than analysts’ expectations of a 20% drop.
On the profitability front, EBITDA came in at ₹520 crore, down 10% YoY, while EBITDA margin narrowed to 9.6%, compared to 10% last year.
Meanwhile, the company’s Switchgear and Cables segments delivered growth, partially cushioning the decline from the consumer side.
Havells’ net profit for the quarter fell to ₹347 crore, down 15% YoY, compared to ₹407 crore in Q1 FY25.
The results reflect challenges in the consumer durables market and pressure on margins, even as industrial segments showed resilience.
