Havells India Q1 net profit down 16.64% at ₹289.71 cr

Consumer electrical goods maker Havells India Ltd on Friday reported a 16.64 per cent decline in consolidated net profit at Rs 289.71 crore in the first quarter ended June 30, 2026, hit by higher raw material and input costs due to West Asia war and higher spending on advertising and promotion.

The company had posted a consolidated net profit of Rs 347.53 crore in the corresponding quarter last fiscal, Havells India Ltd said in a regulatory filing.

Revenue from operations in the first quarter stood at Rs 6,518.19 crore as against Rs 5,455.35 crore in the year-ago period, it added.

Total expenses in the quarter under review were higher at Rs 6,180.06 crore as compared to Rs 5,054.78 crore in the corresponding period a year ago, the company said.

Cost of raw materials and components consumed shot up to Rs 4,023.54 crore in the first quarter as compared to Rs 3,012.26 crore in the same period last fiscal.

Advertisement and sales promotion expenses were at Rs 286.51 crore in the first quarter, up from Rs 142.9 crore in the year-ago period.

In an investor presentation, the company said it witnessed strong Q1 revenue growth as demand was resilient despite inflationary pressures and West-Asia war related uncertainties.

Havells said it undertook calibrated and staggered price hikes across categories to offset raw material inflation.

The quarter experienced a decent summer although delayed onset restricted full benefit for cooling products, it said, adding doubling of advertising and promotion spends led to compression in profitability despite strong revenue growth.