Havells India Ltd., a well-known brand in the Indian electrical and appliance industry, has announced its financial performance for the first quarter of FY26 (April to June 2025). The results show a decline in revenue and profit compared to the same quarter last year.
Despite the fall, the company remains focused on long-term growth through innovation, product expansion, and strong brand trust.
Havells India - Q1 FY26 vs Q1 FY25 Financial Performance (Standalone)
Havells India Ltd., one of India’s top electrical equipment companies, has announced its standalone financial results for the first quarter of FY26, ending 30th June 2025. The company reported a revenue of ₹5,437.81 crore, showing a 6.21% decline year-on-year. Similarly, the net profit before tax (PBT) dropped by 14.13%, coming in at ₹474.56 crore.
Let’s take a closer look at the numbers and what they mean for the company and its investors.
Let’s take a look at the year-on-year financial comparison:
Particulars | Q1 FY26 (₹ Cr) | Q1 FY25 (₹ Cr) | YoY Change |
Revenue from Operations | 5,437.81 | 5,798.11 | -6.21% |
Net Profit (PBT) | 474.56 | 552.67 | -14.13% |
Earnings Per Share (EPS) | 5.62 | 6.56 | -14.33% |
Havells India Revenue 6.21% decline year-on-year
In Q1 FY26, Havells India recorded ₹5,437.81 crore in revenue from operations, a 6.21% decrease from ₹5,798.11 crore in Q1 FY25. The decline can be attributed to:
Slower demand in the consumer appliances segment
Seasonal factors in the April–June period
Impact of macroeconomic conditions on consumer spending
Despite the dip, Havells maintains strong product diversification and brand equity in India’s fast-moving electrical goods market.
Havells India Profit Down 14% YOY
The company’s net profit before tax (PBT) for Q1 FY26 stood at ₹474.56 crore, showing a 14.13% drop from ₹552.67 crore in the same quarter last year. This decline reflects:
Pressure from input costs
Competitive pricing in the market
Slow sales in premium categories
Havells continues to focus on operational efficiency and market expansion to support long-term profitability.
Havells India EPS dropped to ₹5.62 in Q1 FY26
The Earnings Per Share (EPS) dropped to ₹5.62 in Q1 FY26 from ₹6.56 in Q1 FY25 — a 14.33% decrease. This metric highlights reduced shareholder returns this quarter but is still within a healthy range, considering current market conditions.
Havells has a consistent track record of dividend payouts and investor-focused strategies, keeping its stock attractive in the long run.
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Market Outlook
While Q1 FY26 saw weaker numbers, Havells India remains a market leader in key product segments like:
Switchgears
Fans and lighting
Kitchen and household appliances
Air conditioners through its Lloyd brand
With the upcoming festive season, monsoon demand, and housing growth, the market is expected to pick up in Q2 and Q3. Havells is also investing in:
Energy-efficient products
Smart appliances
Dealer and after-sales service networks
These efforts are expected to boost sales and profitability in the coming months.
Final Words
Havells India’s Q1 FY26 results reflect a temporary slowdown, but the company’s brand strength, innovation, and market reach remain solid. While the current quarter showed a dip in revenue and profit, the outlook for the rest of the fiscal year remains positive.
Investors and consumers can continue to trust Havells as a stable and forward-looking brand, especially as the market conditions improve.
