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Consumer electrical goods maker Havells India Ltd on Tuesday reported an increase of 24.76 per cent in its consolidated net profit to Rs 446.70 crore for the March 2024 quarter. The company had posted a consolidated net profit of Rs 358.04 crore in the January-March quarter a year ago, according to a regulatory filing.

Havells stock has consistently held a premium valuation owing to the expansive scale, well-diversified portfolio, and ranking among the top three players in all product categories

Consumer electrical goods maker Havells India Ltd on Tuesday reported a marginal 1.54 per cent rise in its consolidated net profit to Rs 287.91 crore for the third quarter ended December 2023.

Home appliances company Havells India posted an 18.5% rise in first-quarter profit buoyed by sustained demand for its wires and cables due to steady infrastructure spending, sending shares 2.5%...

Havells Indias Q1 pre-tax profit for the cables sector nearly doubled, putting overall profit for the quarter at INR2.87bn ($37.4m), up 18.5% QoQ, helped by steady infrastructure spending and healthy real estate demand. However, like-for-like sales of low-priced aircon units and fans left under the Lloyd Consumer brand

The companys overall profit for the quarter rose to Rs 287 crore from Rs 242 crore a year earlier, but missed analyst expectations of Rs 350 crore, as per Refinitiv data, , havells india

With 90 percent of its products manufactured in-house, Havells aims to strengthen its presence across the entire value chain, the annual report said

Shares of the consumer durables maker have fallen by 4% in the past two trading sessions since the results were announced.

Havells India stock opened with a loss of 2.53% at Rs 1,277 today. It extended losses to touch an intra day low of Rs 1242.05, down 5.20% against the previous close of Rs 1,310.20 on BSE.

Its revenue from operations was up 15.4 per cent at Rs 3,664.21 crore in Dec quarter.