Havells India First Quarter 2026 Earnings: Misses Expectations

Havells India (NSE:HAVELLS) First Quarter 2026 Results

Key Financial Results

• Revenue: ₹55.2b (down 4.9% from 1Q 2025).
• Net income: ₹3.48b (down 15% from 1Q 2025).
• Profit margin: 6.3% (down from 7.0% in 1Q 2025). The decrease in margin was driven by lower revenue.
• EPS: ₹5.55 (down from ₹6.49 in 1Q 2025).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

Havells India Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 8.4%. Earnings per share (EPS) also missed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electrical industry in India.

Performance of the Indian Electrical industry.

The company's shares are up 2.6% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Havells India that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.