Havells Share Price in Focus: Posted Drop of 2% in Revenue During Q3FY25

Havells India, the country’s largest home appliances manufacturer by market value, reported a nearly 2% decline in Q3FY25 profit on Thursday, as higher labour and advertising expenses impacted margins.

Havells Q3FY25 Results: Revenue Rose 11%

The company’s profit for the three months ending December 31 fell to ₹283 crore, compared to ₹288 crore in the same period last year. Havells reported an 11% increase in revenue from operations, reaching ₹4,883 crore, while total expenses grew by 12.3% to ₹4,564 crore. The company’s EBITDA margin stood at 8.7% for the quarter, down from 9.8% in the corresponding period of the previous fiscal year.

Havells Segment Overview

• The real estate and project business drove growth in the domestic switchgear segment, although industrial switchgear (IP) showed softness.
• Power cables saw strong growth, with the Tumkur plant, still in its ramp-up phase, contributing to the increase.
• The softness in copper prices led to channel destocking in wires, negatively affecting revenue.
• Lighting showed decent volume growth, although revenues were impacted by persistent price deflation in LED products.
• The ‘Others’ segment continued its growth momentum.
• Lloyd’s performance remained steady during the quarter.

Havells Interim Dividend

The board of directors declared an interim dividend of ₹4 per equity share (400% on the equity share capital of ₹1 each). This dividend will be paid to shareholders whose names appear in the register of members as of the record date, January 22, 2025. Shareholders will receive the dividend on or before February 14, 2025.

Havells shares price opened at ₹1,544.95 and touched the day high of ₹1617.95 at 09:25 AM, reflecting a rise of ~1.14% against the previous day close

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