Q4 2026 Havells India Ltd Earnings Call Transcript

Apr 22, 2026 / 10:45AM GMT

Release Date Price: ₹1348.7 (+1.50%)

Transcript

Key Points

Positve

Havells India Ltd (BOM:517354) reported strong momentum in industrial and infrastructure-linked categories.
The company has initiated price actions to maintain profitability amidst rising raw material costs.
Renewable energy initiatives are scaling, with significant investment in solar module manufacturing capabilities.
A new refrigerator plant was commissioned, expanding the product portfolio and capacity.
The company is investing heavily in brand building and innovation, indicating a long-term growth strategy.

Negative

The Lloyd segment was impacted due to lower revenues, affecting overall margins.
Volume growth in the cables and wires segment was flat, despite a 14% growth in value, indicating potential market challenges.
The lighting segment's revenue remained flat, with margin increases attributed to one-off factors.
The company faces challenges in predicting growth due to global disruptions and raw material price volatility.
There is uncertainty in consumer demand due to steep inflationary pressures across product categories.

Operator

Ladies and gentlemen, good day, and welcome to the Q4 FY26 earnings conference call of Havells India Limited (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference call over to Mr. Umang Mehta from Kotak Securities. Thank you, and over to you.

Umang Mehta

Kotak Securities Ltd - Analyst

Thank you, Steve. On behalf of Kotak Securities, we welcome you all to Q4 FY26 and FY26 results conference call of Havells India Limited. We have with us today the senior management represented by Mr. Anil Rai Gupta, Chairman and Managing Director; Mr. Rajesh Kumar Gupta, Whole-Time Director and Group CFO; Mr. Ameet Kumar Gupta, Whole-Time Director; and Mr. Rajiv Goel, Executive Director.

Now I hand over the call to Mr. Anil Rai Gupta for his initial comments, and then we will open the floor for Q&A. Thanks, and over to you, Anil sir.

Anil Gupta

Havells India Ltd - Executive Chairman of the Board, Chief Executive Officer, Managing Director

Thank you. Thank you for

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