Havells India Ltd has posted a 27 per cent year-on-year growth in its cable business revenue during the first quarter (Q1: April to June) of FY27.
In a release, Havells India said that revenue from its cable business in Q1FY27 was Rs.2456 crore, up 27 per cent from Rs.1933 crore in Q1FY26. Its contribution to the company’s total revenue in Q1FY27 was 37.7 per cent as against 35.5 per cent in Q1FY26.
An investor presentation by Havells India observed that the cables business division continued to deliver strong growth. In the case of switchgears, exports were disrupted by the situation in West Asia. However, domestic demand was stable, the presentation noted.
The performance of the company’s various divisions in Q1FY27 vis-à-vis Q1FY26 is summarized below:
New business division
Havells India has introduced a separate strategic business unit (SBU) “Renewables” with a view to driving focused execution of Havells’ energy transition agenda. This SBU would include solar, battery energy storage systems (BESS), solar pumps and electric vehicle chargers. The industry is experiencing strong tailwinds and Havells is well-placed to capture the opportunity, the company said.
Outlook remains positive
Commenting on the financial performance Anil Rai Gupta, Chairman & Managing Director, Havells India Ltd, said, “Q1 delivered strong revenue growth as the business stayed resilient amid inflationary pressures and West Asia led uncertainties. Planned step-up and frontloading of brand building investments weighed on profitability during the quarter, while the outlook remains positive with the recent price hikes and normalising advertising spends.”
Featured photograph shows Havells India’s manufacturing facility located at Baddi, Himachal Pradesh