Havells India Q1 FY27 Results: Revenue Grows 19% YoY, PAT Declines 17%
Havells India reported an 18.97% YoY rise in total income to ₹6,572 crore in Q1 FY27, supported by strong growth in cables and renewables. However, margin pressure led to a 16.64% decline in net profit during the quarter.
Havells India reported an 18.97% year-on-year increase in total income to ₹6,572 crore in Q1 FY27. However, EBITDA margins contracted, resulting in a 16.64% decline in profit after tax to ₹290 crore. The stock gained over 1% following the earnings announcement.
Havells India Q1 Results FY2027: On 17 July, Havells India reported a mixed performance for the first quarter of FY27. Total income increased 18.97% year-on-year to ₹6,572.35 crore, driven by healthy demand across key business segments.
However, profitability remained under pressure due to margin contraction, with profit after tax (PAT) declining 16.64% YoY to ₹289.71 crore. Here's a detailed breakdown of Havells India's Q1 FY27 results.
Havells India Q1 FY2027 Results Highlights
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Total Income stood at ₹6,572.35 crore in Q1 FY27, registering an 18.97% YoY increase from ₹5,524.53 crore in Q1 FY26. On a quarterly basis, total income declined 6.13% from Q4 FY26.
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EBITDA (excluding Other Income) came in at ₹466.16 crore, declining 9.60% YoY and 37.26% QoQ. EBITDA Margin also contracted to 7.15% in Q1 FY27 from 9.45% in Q1 FY26 and 11.08% in Q4 FY26.
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Profit After Tax (PAT) declined to ₹289.71 crore, registering a 16.64% YoY decline from ₹347.53 crore. Compared with Q4 FY26, PAT fell 59.95% QoQ.
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PAT Margin stood at 4.44%, compared with 6.37% in Q1 FY26 and 10.79% in Q4 FY26.
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Earnings Per Share (EPS) decreased to ₹4.63 from ₹5.55 in Q1 FY26 and ₹11.52 in Q4 FY26, reflecting declines of 16.58% YoY and 59.81% QoQ, respectively.
|
Metric |
Q1 FY27 |
Q4 FY26 |
QoQ % |
Q1 FY26 |
YoY % |
|---|---|---|---|---|---|
|
Total Income (₹ Cr) |
6,572.35 |
7,001.45 |
-6.13% |
5,524.53 |
18.97% |
|
EBITDA (₹ Cr) |
466.16 |
743.01 |
-37.26% |
515.67 |
-9.60% |
|
EBITDA Margin |
7.15% |
11.08% |
-393 bps |
9.45% |
-230 bps |
|
Profit After Tax (₹ Cr) |
289.71 |
723.39 |
-59.95% |
347.53 |
-16.64% |
|
PAT Margin |
4.44% |
10.79% |
-635 bps |
6.37% |
-193 bps |
|
EPS (₹) |
4.63 |
11.52 |
-59.81% |
5.55 |
-16.58% |
Source: Havells India Q1 FY27 Consolidated Financial Results.
Havells India Q1 FY2027 Segment-wise Revenue
Cables remained the largest revenue contributor during the quarter, while Renewables delivered the strongest growth, more than tripling its revenue on a year-on-year basis. Retail-facing businesses, including Electrical Consumer Durables and Lloyd Consumer, continued to post healthy double-digit growth. However, Switchgears and Wholesale Lighting witnessed weaker performance during the quarter.
|
Particulars (₹ Cr) |
Q1 FY27 |
Q4 FY26 |
QoQ % |
Q1 FY26 |
YoY % |
|---|---|---|---|---|---|
|
Switchgears |
607.68 |
735.36 |
-17.36% |
629.83 |
-3.52% |
|
Cables |
2,455.62 |
2,474.13 |
-0.75% |
1,933.22 |
27.02% |
|
Lighting & Fixtures |
400.62 |
448.72 |
-10.72% |
380.15 |
5.38% |
|
Electrical Consumer Durables |
1,113.07 |
1,082.41 |
2.83% |
994.89 |
11.88% |
|
Lloyd Consumer |
1,457.44 |
1,520.50 |
-4.15% |
1,271.11 |
14.66% |
|
Renewables |
314.34 |
259.40 |
21.18% |
93.59 |
235.87% |
|
Others |
169.42 |
184.68 |
-8.26% |
152.56 |
11.05% |
|
Revenue from Operations |
6,518.19 |
6,705.20 |
-2.79% |
5,455.35 |
19.48% |
Source: Havells India Q1 FY27 Segment Information.
Havells India Dividend 2027 and Share Price Today
As of 17 July, 3:25 PM
After the results were announced, Havells India's share price rose 1.35% as of 3:27 PM. However, the stock remains down 16% on a year-to-date (YTD) basis and has declined 22% over the one-year period from July 17, 2025, to July 17, 2026.