Havells India share price declines over 3% on demand concerns; check Q4 updates

The consumer electrical goods maker on Tuesday reported a 15.92% year-on-year (YoY) surge in its consolidated net profit to ₹517.83 crore for the fourth quarter of the 2024-25 financial year (Q4 FY25), compared to ₹446.70 crore logged in the year-ago period.

Its revenue from operations stood at ₹6,543.56 crore in the quarter under review, up 20.24% YoY from ₹5,442.02 crore registered in the fourth quarter of FY24.

Havells derived ₹691.83 crore in revenue from the switchgears segment as against ₹651.28 crore last year. Its revenue from cables stood at ₹2,169.37 crore, compared to ₹1,789.55 crore in Q4 FY24. The company’s revenue from the lighting and fixture segment was at ₹441.72 crore in Q4 FY25 from ₹435.30 crore. The electrical consumer durables segment resulted in ₹997.26 crore revenue as against ₹910.37 crore.

"Overall decent performance with healthy revenue and profit growth. Large appliances and cables led the revenue growth; however, the inflation pressures persist on overall consumer sentiments. Lloyd's focus remains on consistent revenue growth, along with improving profitability," said Anil Rai Gupta, Chairman and Managing Director, Havells India.

Havells’ revenue from the Lloyd Consumer segment stood at ₹1,873.55 crore, compared to ₹1,345.88 crore in the year-ago period. Its revenue from other segments was at ₹369.83 crore in comparison to ₹309.64 crore in the corresponding quarter last year.

The firm’s earnings before interest, tax, depreciation and amortisation (EBITDA) rose 19.3% to ₹757 crore in Q4 FY25 from ₹635 crore in Q4 FY24. Its margin declined marginally from 11.66% to 11.57%.

On Wednesday, shares of Havells India were trading at ₹1611.10 apiece on the National Stock Exchange, declining 3.22%.

The share hit a 52-week low of ₹1,381.30 on March 3, 2025, and a high of ₹2,106 on September 23, 2024.

Havells India has a total market capitalisation of ₹1.01 lakh crore as of April 23, 2025, on the NSE.

Havells’ board of directors also recommended a final dividend of ₹6 per equity share of ₹1 each, i.e., 600% for the 2024-25 financial year.

This is in addition to the interim dividend the company declared during FY25 for ₹4 per share.

“The Final Dividend, if approved by the shareholders in the forthcoming Annual General Meeting (AGM) of the Company, shall be paid/ dispatched to the shareholders on or before 30 days from the date of the AGM,” Havells said.