Havells India posts 9.7% profit rise as revenue jumps 34.6% in Q2 FY27

Havells India Ltd posted a 9.72% jump in net profit for the September quarter of FY27, reaching ₹349.22 crore. Revenue for the same quarter rose 34.57% to ₹6,432 crore. The surge came as demand rose sharply for the company’s core product lines, especially power cables, low‑voltage switchgear and consumer‑durable items such as fans and lighting. Analysts note that the cable segment benefitted from increased infrastructure spending and a rebound in construction activity, while the switchgear business saw higher orders from commercial and industrial clients. Consumer‑durable sales were boosted by festive‑season buying and expanded retail reach. Havells attributed the performance to its ongoing focus on product innovation, tighter cost control and a wider distribution network across India. The results beat expectations set by market watchers, who had forecast modest profit growth amid a competitive lighting market. The firm’s operating margin improved as higher‑margin products contributed more to the top line. Management said the company will continue to invest in automation, new product launches and digital sales channels to sustain momentum. The earnings underline the broader trend of rising power demand and government electrification drives that are fueling growth for Indian electrical equipment makers.

Context

Strong earnings highlight how Indian electrical equipment makers are gaining from government push on electrification and private‑sector infrastructure projects. The cable and switchgear markets are expected to expand as the country targets additional gigawatts of renewable capacity.