Havells India Limited, a leading FMEG company, announced its financial results for Q3 ending December 31, 2024.

29 Jan 2025

Commenting on the financial performance Mr. Anil Rai Gupta, Chairman and Managing Director, Havells India Limited, said, “Havells consumer, industrial and infrastructure segments delivered healthy performance, although commodity fluctuations impacted wires growth, resulting in moderate overall revenue growth. We remain positive on better demand and margin scenario in forthcoming quarters.” The Board of Directors of the company has declared an interim dividend of INR 4/- per equity share of INR 1/- each.

Q3 FY25 vs. Q3 FY24 (Standalone basis)

• Net revenue grew by 11.0% to INR 4,883 crore in Q3 FY25 as against INR 4,401 crore in the corresponding quarter previous year.

• EBITDA was at INR 432 crore in Q3 FY25 as against INR 433 crore in the corresponding quarter previous year.

• Profit before Tax was at INR 382 crore in Q3 FY25 as against INR 391 crore in the corresponding quarter previous year.

• Net Profit was at INR 283 crore in Q3 FY25 as against INR 288 crore in the corresponding quarter previous year.

Business Segments (Q3 FY25 vs. Q3 FY24)

• Switchgears business grew by 10.8% to INR 577 crore in Q3 FY25 as against INR 521 crore in the corresponding quarter previous year.

• Cable business grew by 7.3% to INR 1,688 crore in Q3 FY25 as against INR 1,573 crore in the corresponding quarter previous year.

• Lighting and Fixtures business grew by 2.5% to INR 441 crore in Q3 FY25 as against INR 430 crore in the corresponding quarter previous year.

• Electrical Consumer Durables business grew by 14.9% to INR 1,104 crore in Q3 FY25 as against INR 961 crore in the corresponding quarter previous year.

• Lloyd business grew by 14.7% to INR 742 crore in Q3 FY25 as against INR 647 crore in the corresponding quarter previous year.

• Other business grew by 22.8% to INR 331 crore in Q3 FY25 as against INR 269 crore in the corresponding quarter previous year