Havells India has reported its financial results for Q1 FY26, showing a 14.71% year-on-year drop in consolidated profit to ₹347.53 crore, down from ₹407.51 crore in Q1 FY25. The decline is attributed to subdued consumer demand and strategic cost management across business verticals.
The company implemented cuts across various operational areas, including advertising and promotional spending. AdEx for the quarter dropped by 17.37% to ₹142.90 crore, compared to ₹172.37 crore in the same period last year.
“Focus on cost discipline resulted in modest growth in expenses, containing the impact of revenue decline on net profitability,” Havells noted in a stock exchange filing.
Total expenses were reduced from ₹5,334.54 crore in Q1 FY25 to ₹5,054.78 crore in Q1 FY26. Revenue from operations also saw a decline, falling to ₹5,455.35 crore from ₹5,806.21 crore a year ago.
Despite the overall dip, the company’s cables segment continued to perform strongly, generating ₹1,933.22 crore in net sales, supported by capacity expansion and sustained demand in the industrial and infrastructure sectors. The Lloyd Consumer division contributed ₹1,271.11 crore to net sales but saw weaker performance due to unseasonal rains and a shorter summer, which dampened demand for fans and air coolers.
As Havells navigates a dynamic market environment, its strategic cost control measures, including trimmed advertising budgets, reflect a focus on protecting profitability while maintaining category leadership.
