Havells Q1 net profit falls 16.6% to Rs 289.71 crore on cost pressures
Consumer electricals maker Havells India reported a 16.64% drop in Q1 net profit to Rs 289.71 crore, weighed down by higher raw material and advertising costs, even as broader markets rallied with the Sensex up 965 points and Nifty topping 24,334 led by banking and financial stocks.
Broad market rally led by IT and financials; consumer electricals maker Havells India reported a 16.64% drop in Q1 net profit to Rs 289.71 crore, hit by higher raw material and advertising costs.
Why this matters
The profit fall aligns with prior signals citing input costs and doubled ad spend near Rs 286 crore, even as Havells commits Rs 255 crore to expand Tumakuru cable capacity 60% by December 2027.
Retail-brand signals accelerating, up 317400% QoQ.
Also reported by
- The Hindu BusinessLine — Same time