Havells India Q1 FY27 Revenue Grows 19.5% to ₹6,518 Crore; Higher Ad Spend Tapers Net Profit

Leading Fast Moving Electrical Goods (FMEG) company Havells India Limited (NSE: HAVELLS; BSE: 517354) has announced its unaudited consolidated financial results for the first quarter of fiscal year 2026-27 (Q1 FY27). The consumer electricals major saw strong volume-driven expansion in its top-line operations, though elevated raw material intakes and aggressive marketing expenditures impacted near-term profitability.

For the quarter ended June 30, 2026, Havells reported a consolidated net profit of ₹289.71 crore, down 16.6% year-on-year from the ₹347.53 crore posted in the corresponding quarter of the previous fiscal year (Q1 FY26). On a sequential basis, profits dropped from ₹723.39 crore recorded during the seasonally robust fourth quarter ended March 31, 2026.

Healthy Top-Line Growth Anchors Performance

Despite compression in margins, the company maintained strong demand momentum across its diverse consumer product segments:

Revenue from Operations: Consolidated revenue for Q1 FY27 climbed to ₹6,518.19 crore, up 19.5% compared to ₹5,455.35 crore in Q1 FY26.

Total Income: Factoring in other income of ₹54.16 crore, the aggregate top-line revenue closed the quarter at ₹6,572.35 crore against ₹5,524.53 crore in the corresponding window last fiscal.

Expense Analysis: Higher Material and Marketing Investments

Total consolidated expenses for the quarter scaled to ₹6,180.06 crore from ₹5,054.78 crore in Q1 FY26. Key expenditure vectors contributing to structural margins included:

Material Inputs: The cost of raw materials and components consumed rose significantly by 33.6% to ₹4,023.54 crore, up from ₹3,012.26 crore year-on-year, indicating inflationary pricing pressures in metals and electrical components.

Advertising & Sales Promotion: Havells aggressively scaled its brand spend during the initial quarter, with advertising outlays increasing by 100.5% to ₹286.51 crore, compared to ₹142.90 crore in Q1 FY26.

Personnel & Fin Costs: Employee benefit expenses crept up to ₹531.44 crore (from ₹499.53 crore), while finance costs remained highly controlled at ₹7.46 crore against ₹9.36 crore in the year-ago period.

Consolidated profit before tax (PBT) came in at ₹392.29 crore compared to ₹469.75 crore in Q1 FY26. The total corporate tax outgo for the period stood at ₹102.58 crore, leaving the net profit margin at 4.44% for the quarter.

Earnings Per Share (EPS): Reflecting the lower bottom line, the basic non-annualized EPS for Q1 FY27 adjusted to ₹4.63 against ₹5.55 in the base quarter of the previous fiscal, and ₹11.52 sequentially. Diluted EPS stood at ₹4.62.

Capital Structure: The paid-up equity share capital of the entity checked in at ₹62.76 crore (consisting of equity shares with a face value of ₹1 each).

Shares of Havells India Limited was last trading in BSE at Rs. 1186.55 as compared to the previous close of Rs. 1169.85. The total number of shares traded during the day was 351166 in over 16637 trades.

The stock hit an intraday high of Rs. 1194.00 and intraday low of 1141.50. The net turnover during the day was Rs. 411367536.00.

Source : Equity Bulls

Keywords

HavellsIndia INE176B01034 Q1FY27 Q1FY2027 ResultUpdate