HAVELLS Havells India Q2 FY26 results (Jul–Sep 2025) and concall
Havells India delivered a decent overall performance in Q2 FY26, despite weakness in summer products and elevated channel inventories for ACs, fans, and coolers. Cables maintained strong growth, and LED lighting showed signs of recovery. The company expects inventory normalization by Q3 end and anticipates positive momentum in Q3 and Q4, driven by festive demand and recent GST changes. Working capital levels remain a concern, impacting interest income, but are projected to normalize by Q4.
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What they filed
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|
| Revenue | 4,889 | 6,544 | 5,455 | 4,779 |
| EBITDA | 426 | 757 | 516 | 438 |
| Net profit | 278 | 517 | 348 | 318 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
