Havells Q1 Profit Slips 16.7% To Rs 290 Crore As Margins Shrink, Lloyd Stays In The Red
Havells India missed estimates with net profit down 16.7% YoY to Rs 290 crore despite 19.5% revenue growth to Rs 6,518 crore. EBITDA fell 9.5% and margins contracted to 7.2% from 9.4%. Cables led growth (+27% to Rs 2,456 crore) but Lloyd appliances posted a Rs 56.3 crore EBIT loss.
Havells India Q1 net profit fell 16.7% to Rs 290 crore, missing estimates as margins contracted and Lloyd consumer appliances stayed loss-making, despite 19.5% revenue growth led by strong cables demand.