Havells India Faces Profit Dip Amid Tepid Summer and Subdued Demand
Havells India reported a 14.3% drop in net profit for the April-June quarter of 2025-26, attributed to weaker summer conditions and lower consumer demand. Revenues fell by 6.21%, with expenses also decreasing. Industrial demand remained robust despite the overall decline in consumer interest.
- Country:
- India
Consumer electrical goods manufacturer Havells India reported a 14.3% decline in consolidated net profit for the April-June quarter of the 2025-26 fiscal year. This downturn is largely attributed to a lackluster summer, leading to diminished demand for cooling products and subdued overall consumer demand.
According to Havells India's regulatory filing, the company's net profit dropped to Rs 352.34 crore from Rs 411.18 crore in the same period the previous year. Revenue from operations saw a 6.21% decline, falling to Rs 5,437.81 crore compared to the year prior.
Despite the challenging conditions, Havells India's statement highlighted a maintained growth in industrial infrastructure demand and focused cost discipline, which helped manage the impact on net profitability. Nonetheless, total income decreased by 6.26% to Rs 5,506.87 crore. Shares of Havells India rose by 0.89%, closing at Rs 1,532.05 on BSE.
(With inputs from agencies.)
Google News