Negative impactResults
Havells India Q1 FY27 Results: Revenue Grows 19% YoY, PAT Declines 17%
Sahi 1d ago·17 Jul 2026, 10:25 am
Originally published by Sahi. Read on Sahi →
Havells India reported an 18.97% YoY rise in total income to ₹6,572 crore in Q1 FY27, supported by strong growth in cables and renewables. However, margin pressure led to a 16.64% decline in net profit during the quarter.
Havells India reported an 18.97% year-on-year increase in total income to ₹6,572 crore in Q1 FY27. However, EBITDA margins contracted, resulting in a 16.64% decline in profit after tax to ₹290 crore. The stock gained over 1% following the earnings announcement.
Havells India Q1 Results FY2027: On 17 July, Havells India reported a mixed performance for the first quarter of FY27. Total income increased 18.97% year-on-year to ₹6,572.35 crore, driven by healthy demand across key business segments.
However, profitability remained under pressure due to margin contraction, with profit after tax (PAT) declining 16.64% YoY to ₹289.71 crore. Here's a detailed breakdown of Havells India's Q1 FY27 results.
Havells India Q1 FY2027 Results Highlights
Total Income stood at ₹6,572.35 crore in Q1 FY27, registering an 18.97% YoY increase from ₹5,524.53 crore in Q1 FY26. On a quarterly basis, total income declined 6.13% from Q4 FY26.
EBITDA (excluding Other Income) came in at ₹466.16 crore, declining 9.60% YoY and 37.26% QoQ. EBITDA Margin also contracted to 7.15% in Q1 FY27 from 9.45% in Q1 FY26 and 11.08% in Q4 FY26.
Profit After Tax (PAT) declined to ₹289.71 crore, registering a 16.64% YoY decline from ₹347.53 crore. Compared with Q4 FY26, PAT fell 59.95% QoQ.
PAT Margin stood at 4.44%, compared with 6.37% in Q1 FY26 and 10.79% in Q4 FY26.
Earnings Per Share (EPS) decreased to ₹4.63 from ₹5.55 in Q1 FY26 and ₹11.52 in Q4 FY26, reflecting declines of 16.58% YoY and 59.81% QoQ, respectively.
Source: Havells India Q1 FY27 Consolidated Financial Results.
Havells India Q1 FY2027 Segment-wise Revenue
Cables remained the largest revenue contributor during the quarter, while Renewables delivered the strongest growth, more than tripling its revenue on a year-on-year basis. Retail-facing businesses, including Electrical Consumer Durables and Lloyd Consumer, continued to post healthy double-digit growth. However, Switchgears and Wholesale Lighting witnessed weaker performance during the quarter.
Source: Havells India Q1 FY27 Segment Information.
After the results were announced, Havells India's share price rose 1.35% as of 3:27 PM. However, the stock remains down 16% on a year-to-date (YTD) basis and has declined 22% over the one-year period from July 17, 2025, to July 17, 2026.
Key takeaways
- Category: Results.
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