havells get healthy growth across categories

 

New Delhi. Havells India Limited, a leading Fast-Moving Electrical Goods (FMEG) Company, today announced its financial results for the second quarter ended September 30, 2024. Commenting on the financial performance Mr. Anil Rai Gupta, Chairman and Managing Director, Havells India Limited, said, “Q2 delivered healthy growth across categories as we witnessed improvement in consumer demand trends and pickup for the festive season. However, the margins were impacted due to high volatility in the commodity prices. With new capacity addition in Cables, we continue to be excited about the demand going forward.”

 

Q2 FY25 vs. Q2 FY24 (Standalone basis)

• Net revenue grew by 16.5% to INR 4,533 crore in Q2 FY25 as against INR 3,891 crore in the corresponding quarter previous year.
• EBITDA grew by 1.7% to INR 380 crore in Q2 FY25 as against INR 373 crore in the corresponding quarter previous year.
• Profit before Tax grew by 9.7% to INR 368 crore in Q2 FY25 as against INR 335 crore in the corresponding quarter previous year.
• Net Profit grew by 9.4% to INR 273 crore in Q2 FY25 as against INR 249 crore in the corresponding quarter previous year.

 

Business Segments (Q2 FY25 vs. Q2 FY24)

• Switchgears business grew by 3.5% to INR 551 crore in Q2 FY25 as against INR  532 crore in the corresponding quarter previous year.
• Cable business grew by 22.8% to INR 1,805 crore in Q2 FY25 as against INR 1,470 crore in the corresponding quarter previous year.
• Lighting and Fixtures business was at INR 391 crore in Q2 FY25 as against INR 396 crore in the corresponding quarter previous year.
• Electrical Consumer Durables business grew by 16.8% to INR 856 crore in Q2 FY25 as against INR 733 crore in the corresponding quarter previous year.
• Lloyd business grew by 19.2% to INR 587 crore in Q2 FY25 as against INR 493 crore in the corresponding quarter previous year.
• Other business grew by 28.4% to INR 342 crore in Q2 FY25 as against INR 266 crore in the corresponding quarter previous year.
• amit1.sharma@havells.com, meher.iqbal@archetype.co