Havells India Limited

Sector: Consumer Electrical Goods and Switchgear  |  HQ: Noida, Uttar Pradesh  |  Founded: 1958  |  Employees: ~6,000

Listed as: NSE / BSE listed; Nifty 50 constituent  |  NSE / BSE  |  Ticker: HAVELLS.NS  |  Website →

Key people

• Anil Rai Gupta (Chairman and MD)

Company overview

Havells India Limited is one of India's largest fast-moving electrical goods (FMEG) and consumer durables companies. Founded in 1958 in Delhi as Havells Industries, the company operates manufacturing facilities at Alwar, Faridabad, Baddi, Sahibabad, Haridwar, and Neemrana. FY25 revenue approximately ₹22,500 crore. Brands include Havells (consumer electrical and lighting), Lloyd (air conditioners, refrigerators, washing machines, TVs), Crabtree (premium switches and sockets), Standard (mass-market switches), and REO (entry-segment).

Business model

Five segments: Switchgear (MCBs, RCCBs, distribution boards), Cables and Wires, Lighting (LED and conventional), Electrical Consumer Durables (fans, geysers, air coolers), and Lloyd Consumer (white goods).

Operating segments

Recent developments

21 May 2026

Havells India reported its Q4 and full-year FY2026 results for the period ended March 31, 2026, delivering a profit beat despite persistent headwinds from its Lloyd business segment [6,8]. However, analyst coverage suggests there are underlying issues warranting attention within the company's earnings trajectory [5]. Historical operating profit data spanning 2020–2024 provides context for evaluating the company's longer-term performance trends [9].

Strategically, Havells has been expanding its operational footprint, notably enhancing facilities in the Northeast region where it now employs over 750 people [3]. On the corporate governance front, the company appointed Varun Berry as an Independent Director [10]. For investor updates, a dividend date has been announced [2], while Kundan Edifice recently secured ₹2.44 Crore in orders from Havells, reflecting continued business-to-business engagement [1].

Sources (8)

1. Kundan Edifice wins ₹2.44 Cr orders from Havells - scanx.trade · scanx.trade · Thu, 21 May 2026
2. Havells India Ltd stock (INE176B01027): dividend date approaches for consumer electricals player - AD HOC NEWS · AD HOC NEWS · Tue, 19 May 2026
3. Havells enhances facilities in Northeast, employs over 750 in the region - The News Mill · The News Mill · Wed, 20 May 2026
4. We Think That There Are Issues Underlying Havells India's (NSE:HAVELLS) Earnings - simplywall.st · simplywall.st · Thu, 30 Apr 2026
5. Havells India Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2026 - marketscreener.com · marketscreener.com · Wed, 22 Apr 2026
6. Havells India Gains After Q4 Profit Beat Despite Lloyd Drag - HDFC Sky · HDFC Sky · Wed, 22 Apr 2026
7. Operating profit of Havells India Limited from 2020 to 2024 - Statista · Statista · Thu, 19 Mar 2026
8. Havells India Appoints Varun Berry as Independent Director - Wire & Cable India · Wire & Cable India · Wed, 22 Apr 2026

Financial performance and recent trajectory

FY25 revenue ₹22,500 crore. EBITDA margin 11-13 percent. Lloyd profitability has been variable.

Stock performance and shareholder context

Havells (NSE: HAVELLS, BSE: 517354) is Nifty 50 constituent. Promoter holding approximately 59 percent.

12-month price trajectory

Monthly closes over the last 12 months. Source: Yahoo Finance.

Competitive position

Among top-3 in switchgear (with Schneider Electric and ABB India), cables (with Polycab and KEI Industries), lighting (with Crompton, Philips Signify), fans (with Crompton, Bajaj Electricals). Lloyd competes with Voltas, Daikin, LG, Samsung in ACs.

Key risks

Real estate cycle for switchgear; raw material inflation (copper, aluminium); summer AC season demand; Voltas-Beko aggressive pricing.

Outlook

Capacity expansion across all segments. Lloyd brand turnaround focus.

KAMRIT point of view

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Disclaimer: This profile is compiled by KAMRIT Financial Services LLP for educational and benchmarking purposes only. It is not investment advice, a recommendation to buy or sell securities, or a solicitation. Stock data is provided by Yahoo Finance and may be delayed by up to 20 minutes. Company financial commentary draws on publicly available filings, exchange disclosures, and KAMRIT industry research. Readers should consult a SEBI-registered investment adviser before making investment decisions. KAMRIT is a financial services and compliance firm, not a SEBI-registered investment adviser.