Havells India Ltd reported a 21.2 per cent year-on-year revenue growth in its cable business during Q4 (January to March) of FY25.
Cable business revenue stood at Rs.2,169 crore in Q4FY25 as against Rs.1790 crore in the same quarter of FY24.
An investor presentation filed by Havells India on stock exchanges noted that growth in the power cables business was supported by capacity expansion while the overall cable business revenue was benefited by commodity price increase.
Growth in the switchgear business was driven by expansion in product range and from higher pickup in the projects business. However, industrial switchgear saw softness in demand.
The performance of the various business divisions in Q4 is summarized below:
Overall decent performance
Commenting on the financial performance Anil Rai Gupta, Chairman & Managing Director, Havells India Ltd, said, “Overall decent performance with healthy revenue and profit growth. Large appliances and cables led the revenue growth, however, the inflation pressures persist on overall consumer sentiments. Lloyd focus remains on consistent revenue growth along with improving profitability.”
Cables in FY25
Meanwhile, according to the investor presentation, the cables business clocked revenue of Rs.7,184 crore in FY25 (April to March) that was 13.7 per cent higher than the comparable Rs.6,318 crore in FY24. This business segment accounted for around a third of the company’s overall revenue in FY25.
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Featured photograph is a file picture of Havells India’s cable manufacturing plant at Alwar, Rajasthan
