Research Report Details Havells India's 34.6% Revenue Growth Amid Margin Pressure
What happened
A research report analyzed Havells India Ltd.'s financial performance, noting 34.6% year-over-year revenue growth supported by steady consumption demand despite elevated raw material costs. Cables revenue grew 47.9% year-over-year, while Switchgears grew 31.3% year-over-year, driven by domestic demand and export recovery. However, the EBIT margin declined to 10.2% year-over-year due to aluminum price volatility.
From moneycontrol.com
Why it matters
The report indicates that Havells India Ltd. has been increasing product prices by 10-25% over the past 12 months and plans further calibrated hikes in Q3FY27. While Renewables revenue grew 147.8% year-over-year with improving margins, profitability in other segments remains subdued due to raw material inflation.
Havells India Ltd.'s stock movement was reported following its financial performance release.
From moneycontrol.com