Havells India Limited (HAVELLS) Earnings Call Transcripts

Havells India Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, Havells India Limited reported a revenue of INR 3,500 crores, reflecting a 14% year-over-year increase, while earnings per share (EPS) stood at INR 5.20, slightly above market expectations. Management indicated that the industrial cable segment experienced a strong 14% growth, although the domestic wire segment remained flat. Guidance for FY '27 remains cautious, with management emphasizing the uncertainty in consumer demand due to inflationary pressures, stating, "It is very difficult to say what the growth will be."

Reported metrics

Guidance from management

Management maintained a cautious outlook for FY '27, emphasizing the uncertainty in consumer demand and inflationary pressures. They stated, "It is very difficult to say what the growth will be."

What management said

On an overall growth trend payable when the industrial cable segment has grown much faster than the domestic wire segment was in the are the is the thing in Austria, a very high base last year quarter 2, saw a major opinion and was seen in. There are some amount of price correction or in copper before the war and overall loans down the quarter. So you see wire segment remained flat, but the cable segment has been sto...

Impact to be able to further increase happened due to the energy efficiency ratings change during the quarter. And then there No, Royal happening toward February '24, there is increase of raw material prices in other -- so we would start from until April. There is calibrated price increases happening not only in France and but in our order series. So there given rights.

What analysts pressed on

Analysts raised concerns about the potential impact of inflation on consumer demand and the flat performance in the domestic wire segment. There were also questions regarding the sustainability of margins and the effectiveness of price hikes in maintaining profitability.

Main topics on the call

• Revenue Growth in Industrial Segment — Havells reported a 14% revenue growth in the industrial cable segment, driven by strong demand. Management noted, "The industrial cable segment has grown much faster than the domestic wire segment," indicating a robust p...
• Flat Performance in Domestic Wire Segment — The domestic wire segment showed flat growth, attributed to a high base from the previous year and some price corrections in copper. Management stated, "Volume growth was only 6%, not flat, but... we have seen slight deg...
• Profitability and Margin Stability — Despite flat revenues in certain segments, margins held steady, with management indicating that inventory gains from copper and aluminum contributed to this stability. They mentioned, "There were inventory gains because ...
• Guidance for FY '27 — Management provided cautious guidance for FY '27, highlighting the difficulty in predicting growth due to inflationary pressures. They remarked, "In today's environment, what do you expect an answer from me?" indicating ...

Read the full Havells India Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 26 Havells India Limited earnings call transcripts on record, spanning January 22, 2020 to July 17, 2026. Based on this history, Havells India Limited reports quarterly. The most recent call on file is dated July 17, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

HAVELLS

Exchange

NSEI

Country

IN

Sector

Industrials

Industry

Electrical Equipment

Calls on record

26

First call

January 22, 2020

Most recent

July 17, 2026

Reporting cadence

quarterly