# HAVELLS (HAVELLS) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/havells

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,095
- Change: +0.27%
- As of: 2026-09-18
- 1D return: +3.70%
- 5D return: +1.47%
- 1M return: -11.39%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, the stock is trading at ₹1132.4, indicating a bearish technical stance across daily and weekly timeframes, while the monthly timeframe shows a bullish trend. Daily indicators reveal the price is below key moving averages including the 20-day EMA (₹1162.87), 50-day EMA (₹1199.5), and the 200-day SMA (₹1282.94), with a daily ADX of 39.49 suggesting strong trend conditions. The weekly timeframe also shows the price below its 20-week EMA (₹1215.34) and 50-week EMA (₹1297.7), with a bearish Supertrend at ₹1300.68. In contrast, the monthly timeframe displays a bullish Supertrend at ₹974.02, with the price above this level, though it remains below the monthly 20-day EMA (₹1341.67).

Recent price action includes an "Evening Star" pattern on the monthly chart and a "Hammer" and "Harami" pattern on the weekly chart, alongside a "Morning Star" on the daily chart, suggesting mixed signals. The nearest support level is observed at ₹1123.6, approximately 0.78% below the current price, while the nearest resistance is at ₹1315.0, about 16.13% higher. The stock has experienced a recent drawdown of -0.33% and a maximum drawdown of -0.36%, with annualized volatility at 25% and an ATR of 2.44% of the current price.

Key conditions to monitor include a break below the ₹1123.6 support level, which could reinforce the bearish short-term trend. Conversely, a sustained move above the ₹1315.0 resistance level, coupled with a shift in daily and weekly trend indicators towards bullish signals, would be needed to challenge the prevailing bearish sentiment on shorter timeframes.

- Current price as of September 18, 2026: ₹1132.4.
- Daily and weekly timeframes show a bearish trend, while the monthly timeframe is bullish.
- Nearest support level identified at ₹1123.6.
- Nearest resistance level identified at ₹1315.0.
- Watch for a break below ₹1123.6 to confirm bearish momentum or a move above ₹1315.0 to signal potential trend change.

- Hammer
- Evening Star
- Harami
- Morning Star
- Inside Bar
- Bearish Engulfing Reversal

### News Context

The price of copper has reached record highs, potentially impacting the profit margins of companies involved in manufacturing electric vehicles (EVs), consumer gadgets, appliances, electric wires, and engineering goods. This development, reported on September 16, 2026, highlights a significant input cost challenge for sectors where copper is a key component.

- On September 16, 2026, a report indicated that copper's rally to record highs could negatively affect margins for manufacturers of EVs, consumer goods, and engineering products.
- The rising cost of copper is a concern for industries reliant on this metal as a key input for products such as electric wires and appliances.

- Copper dazzle dull margins for EV, consumer and engineering goods

### What Changed

As of September 18, 2026, Havells India's stock price has seen an increase from ₹1092.0 to ₹1132.4. The available evidence does not detail any new filings or news events that have occurred recently. The company's common name remains Havells India, and it is listed on the NSE. No changes in daily or weekly trends were observed in the provided technical data.

- Stock price increased from ₹1092.0 to ₹1132.4 between the previous observation and September 18, 2026.
- No new filings were reported as of September 18, 2026.
- No new news events were reported as of September 18, 2026.
- The company continues to be known as Havells India, listed on the NSE.
- No changes in daily or weekly trends were observed based on the provided technical data.

### Official Filings

Havells India Limited has recently focused on corporate governance and leadership appointments. On September 1, 2026, the company announced it received a 'CG 1' Corporate Governance Rating from CARE Analytics and Advisory Private Limited for its performance up to March 31, 2026. This rating highlights a debt-free status with a Debt-to-Equity ratio of zero and a Return on Equity (ROE) of 19.15%. The company also noted the integration of ESG-linked Key Performance Indicators (KPIs) into senior management remuneration and transparent disclosures. Earlier, on August 31, 2026, shareholders approved the appointment of Shri Ashish Dhawan and Ms Shanti Ekambaram as Independent Directors for a five-year term starting June 19, 2026, with strong voting majorities for both appointments. Additionally, the company announced the appointment of Sandeep Sehgal as Executive Vice President – Sales Lloyd, effective August 4, 2026, bringing over 25 years of sales and marketing experience. Havells India Limited also communicated its participation in investor meetings, including the J.P. Morgan India Conference on September 21, 2026, and the Motilal Oswal Annual Global Investor Conference on August 17, 2026, stating that no unpublished price-sensitive information would be disclosed.

- On September 1, 2026, Havells India Limited received a 'CG 1' Corporate Governance Rating, noting a debt-free status and an ROE of 19.15% as of March 31, 2026.
- Shareholders approved the appointment of Ashish Dhawan and Shanti Ekambaram as Independent Directors on August 31, 2026, for a five-year term commencing June 19, 2026.
- Sandeep Sehgal was appointed Executive Vice President – Sales Lloyd, effective August 4, 2026.
- The company will participate in the J.P. Morgan India Conference on September 21, 2026, and the Motilal Oswal Annual Global Investor Conference on August 17, 2026.
- Havells India Limited confirmed that no unpublished price-sensitive information will be disclosed during investor meetings.

- Havells India Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- HAVELLS INDIA LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Havells India Limited has informed the Exchange about Credit Rating- Revision |SUBJECT: Credit Rating- Revision
- Havells India Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting
- MEETING DATE : 30-AUG-2026
- Havells India Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates

### Fundamentals

Havells India's reported revenue from operations showed a sequential increase from ₹5,587.89 crore in Q3 FY2025-26 to ₹6,705.20 crore in Q4 FY2025-26, followed by a slight decrease to ₹6,518.19 crore in Q1 FY2026-27. Profit Before Exceptional Items and Tax followed a similar pattern, rising from ₹441.26 crore in Q3 FY2025-26 to ₹904.04 crore in Q4 FY2025-26, before falling to ₹392.29 crore in Q1 FY2026-27. Profit Before Tax also mirrored this trend, with ₹396.23 crore in Q3 FY2025-26, ₹904.04 crore in Q4 FY2025-26, and ₹392.29 crore in Q1 FY2026-27. Earnings Per Share (EPS) showed a corresponding fluctuation, with Basic EPS at ₹4.80 in Q3 FY2025-26, ₹11.52 in Q4 FY2025-26, and ₹4.63 in Q1 FY2026-27. Diluted EPS followed suit, reported at ₹4.79 in Q3 FY2025-26, ₹11.52 in Q4 FY2025-26, and ₹4.62 in Q1 FY2026-27. The provided data does not include information on balance sheet health or debt levels, which are key areas for monitoring financial resilience.

- Revenue from operations was ₹6,518.19 crore in Q1 FY2026-27.
- Profit Before Exceptional Items and Tax was ₹392.29 crore in Q1 FY2026-27.
- Profit Before Tax was ₹392.29 crore in Q1 FY2026-27.
- Basic Earnings Per Share was ₹4.63 per share in Q1 FY2026-27.
- Diluted Earnings Per Share was ₹4.62 per share in Q1 FY2026-27.

### Bull Case

The company's monthly technical trend shows a bullish Supertrend indicator at 974.02, suggesting a potentially positive long-term outlook. However, daily and weekly trends are currently indicated as bearish, with the daily Supertrend at 1166.48 and the weekly Supertrend at 1300.68. The stock is trading at ₹1132.4 as of September 18, 2026, which is close to a support level of ₹1123.6. Recent market news indicates that rising copper prices are a concern for manufacturers of consumer and industrial products, which could impact margins.

- Monthly Supertrend indicator is bullish at 974.02 as of September 18, 2026.
- Current stock price of ₹1132.4 is near the nearest support level of ₹1123.6.
- Daily and weekly Supertrend indicators are bearish, at 1166.48 and 1300.68 respectively.
- News highlights concerns regarding rising copper prices impacting manufacturers like Havells India.

- Copper dazzle dull margins for EV, consumer and engineering goods

### Bear Case

The company's stock is experiencing a downward trend across multiple timeframes, indicated by daily and weekly technical indicators. The daily trend shows a bearish Supertrend signal at ₹1166.48, with the closing price of ₹1132.4 below key moving averages like the 20-day EMA (₹1162.87) and 50-day SMA (₹1219.12). This is further supported by a negative 5-day slope for both the 20-day and 50-day SMAs. The weekly trend also exhibits a bearish Supertrend at ₹1300.68, with the closing price below the 20-day EMA (₹1215.34) and 50-day SMA (₹1297.7). The stock has also seen significant drawdowns, with a current drawdown of -33% and a maximum drawdown of -36%. Recent market news highlights concerns about rising copper prices impacting manufacturers of consumer and industrial products, which could affect margins.

- The daily Supertrend indicator is bearish at ₹1166.48 as of 2026-09-18.
- The closing price of ₹1132.4 on 2026-09-18 is below the 20-day EMA of ₹1162.87 and the 50-day SMA of ₹1219.12.
- The weekly Supertrend indicator is bearish at ₹1300.68 as of 2026-09-18.
- The stock has experienced a current drawdown of -33% and a maximum drawdown of -36%.

- Copper dazzle dull margins for EV, consumer and engineering goods

### FAQs

**What is Havells India's current corporate governance rating and what factors contributed to it?**

As of September 1, 2026, Havells India Limited received a 'CG 1' (highest) Corporate Governance Rating from CARE Analytics and Advisory Private Limited. This rating was based on factors including a debt-free status with a Debt-to-Equity ratio of zero, a Return on Equity (ROE) of 19.15%, strong board composition with two women directors as of June 30, 2026, integration of ESG-linked Key Performance Indicators (KPIs) into senior management remuneration, effective oversight by independent director-led committees, and transparent disclosures aligned with BRSR and GRI standards.

**What is the recent trend indicated by Havells India's technical indicators?**

As of September 18, 2026, daily technical indicators suggest a bearish trend. The 20-day Exponential Moving Average (EMA) is 1162.87, and the 50-day EMA is 1199.50, both above the current closing price of ₹1132.4. The SuperTrend indicator is at 1166.48, also indicating a bearish direction. The Average Directional Index (ADX) is 39.49, suggesting a strong trend, while the Plus Directional Indicator (plus_di) at 16.31 is lower than the Minus Directional Indicator (minus_di) at 31.33.

**What recent shareholder approvals has Havells India received?**

On August 31, 2026, Havells India Limited shareholders approved the appointment of Shri Ashish Dhawan and Ms Shanti Ekambaram as Independent Directors for a five-year term, effective from June 19, 2026. The approvals were passed via postal ballot and e-voting, with 90.0176% of votes in favor of Shri Ashish Dhawan's appointment and 99.9091% in favor of Ms Shanti Ekambaram's appointment.

**What is the company's recent performance over different timeframes?**

As of September 18, 2026, Havells India has shown mixed returns across different periods. The one-year return was -29%, and year-to-date (YTD) return was -20%. The one-month return was -13%, and the three-month return was -5%. However, the return since the start of trading was -33%.

- Copper dazzle dull margins for EV, consumer and engineering goods
- Havells India Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- HAVELLS INDIA LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Havells India Limited has informed the Exchange about Credit Rating- Revision |SUBJECT: Credit Rating- Revision
- Havells India Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting
- MEETING DATE : 30-AUG-2026
## Technical analytics

- As of: 2026-09-18
- Daily trend: Strong Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹1,090.37
- Risk regime: Higher Price Risk

### Support levels
- 1123.6
- 1081.1
- 1109.333333333333

### Resistance levels
- 1315
- 1535
- 1570.428125

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +3.70% |
| return_10 | -5.63% |
| return_1m | -12.87% |
| return_1y | -28.97% |
| return_20 | -11.39% |
| return_3m | -5.19% |
| return_5 | +1.47% |
| return_6m | -15.74% |
| return_since_start | -32.60% |
| return_ytd | -20.11% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -36.11% |
| annualized_volatility | +24.63% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Growth Accompanied by Profit Decline

Havells India reported a 19.5% increase in revenue from operations compared to the same quarter last year, reaching ₹6,518 crore. However, profit before tax declined by 16.5% to ₹392 crore, leading to a drop in earnings per share from ₹5.55 to ₹4.63. The quarter’s performance reflects a significant compression in profit margins despite substantial top-line growth.

## Revenue Growth Continues

Revenue from operations for Q1 FY2026-27 was ₹6,518.19 crore, up 19.48% from ₹5,455.35 crore in Q1 FY2025-26. Sequentially, revenue decreased 2.79% from the previous quarter’s ₹6,705.20 crore, which was the highest over the past five quarters. The year-over-year growth is substantial, while the sequential decline suggests a moderation from the prior quarter’s peak.

## Profitability Declines Sharply

Profit before tax (PBT) fell to ₹392.29 crore, a decrease of 16.49% from ₹469.75 crore a year ago. Compared to the immediately preceding quarter (Q4 FY2025-26), PBT dropped 56.61% from ₹904.04 crore. No exceptional items were recorded in the current quarter or in the year-ago quarter. The PBT margin (PBT as a percentage of revenue) declined from 8.61% in Q1 FY2025-26 to 6.02% in Q1 FY2026-27, a compression of 2.6 percentage points. This indicates that expenses, as a share of revenue, increased compared to the same quarter last year.

## Cost Structure and Margin Compression

In the current quarter, the major expense items reported were:

- Cost of materials consumed: ₹4,023.54 crore
- Purchases of stock-in-trade: ₹967.75 crore
- Changes in inventories: -₹512.95 crore (a decrease in inventory, which reduced the cost of goods sold)
- Employee benefit expense: ₹531.44 crore
- Depreciation and amortisation: ₹120.57 crore

Other income was ₹54.16 crore. Based on reported revenue, other income, and profit before tax, total expenses for the quarter amounted to approximately ₹6,180.06 crore. The sum of the reported expense categories above is ₹5,130.35 crore, leaving around ₹1,050 crore in other expenses. The decline in PBT margin reflects a higher expense ratio relative to the year-ago quarter.

## Earnings Per Share and Finance Costs

Basic earnings per share (EPS) fell to ₹4.63 from ₹5.55 in the same quarter last year, a decline of 16.58%. Diluted EPS was ₹4.62, indicating negligible dilution from potential equity instruments. Finance costs decreased 20.3% year-over-year to ₹7.46 crore, a modest positive but insufficient to offset the decline in operating profitability.

## Key Takeaway

Havells India achieved substantial year-over-year revenue growth in the June quarter, but profitability contracted significantly, resulting in lower earnings per share. The compression in profit margins is the defining feature of the quarter, with expenses taking a larger share of revenue than a year ago.

### Ratios

## Official filings

- 2026-09-15 — Generic Announcement: Havells India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HAVELLS1_15092026153521_Schedule_of_Analyst_Meet_15092026.pdf)
- 2026-09-15 — Generic Announcement: Havells India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1931_WebXMLFile_20260915_181810018.xml)
- 2026-09-01 — Credit Rating Update: Havells India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HAVELLS1_01092026143439_signed_CARE_CGRating_01092026.pdf)
- 2026-08-31 — Generic Announcement: Havells India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HAVELLS1_31082026155711_OutcomeofPB_VotingResults_ScrutinizersReport_31082026.pdf)
- 2026-08-31 — Regulatory Filing: Havells India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1719357_31082026040121_WEB.xml)
- 2026-08-31 — Regulatory Filing: Havells India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1719361_31082026040424_WEB.xml)
- 2026-08-11 — Generic Announcement: Havells India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HAVELLS1_11082026180129_Schedule_of_Analyst_Meet_11082026.pdf)
- 2026-08-05 — Official Filing: HAVELLS INDIA LIMITED reported the appointment of Sandeep Sehgal as EVP - Sales, effective August 4, 2026. Sehgal brings over 25 years of experience in sales, marketing, and business development, having previously worked with Panasonic, CEAT Tyres, and LG Electronics India.
- 2026-08-04 — Generic Announcement: Havells India Limited announced the appointment of Mr. Sandeep Sehgal as Executive Vice President – Sales Lloyd, effective August 4, 2026. Mr. Sehgal brings over 25 years of experience in sales, marketing, and business development, having previously worked with Panasonic, CEAT Tyres, and LG Electronics India. — [Official attachment](https://nsearchives.nseindia.com/corporate/HAVELLS1_04082026125339_Change_in_SrMngt_Appt_04082026.pdf)
- 2026-08-03 — Generic Announcement: Havells India Limited is seeking shareholder approval via postal ballot for the appointment of Ashish Dhawan and Shanti Ekambaram as Independent Directors for a five-year term starting June 19, 2026. The notice for this postal ballot was emailed to shareholders on July 31, 2026, with remote e-voting open from August 1 to August 30, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/HAVELLS1_03082026173340_NewspaperPublication_PostalBallot_03082026.pdf)
- 2026-07-31 — Generic Announcement: Havells India Limited is seeking shareholder approval via postal ballot for the appointment of Shri Ashish Dhawan and Ms. Shanti Ekambaram as Independent Directors for a five-year term effective June 19, 2026. The e-voting period runs from August 1, 2026, to August 30, 2026. The company disclosed a CSR grant agreement with IFRE, an organization where Shri Dhawan is involved, amounting to Rs. 250 crores over ten years, with Rs. 20 crores disbursed in FY 2024-25 and FY 2025-26, noting these grants are below the threshold that would disqualify him as an independent director. — [Official attachment](https://nsearchives.nseindia.com/corporate/HAVELLS1_31072026130511_Notice_of_PostalBallot_31072026.pdf)
- 2026-07-30 — Generic Announcement: Havells India Limited is conducting a postal ballot and e-voting for members to approve the appointment of Shri Ashish Dhawan and Ms Shanti Ekambaram as Independent Directors for a five-year term effective June 19, 2026. The notice will be sent on July 31, 2026, with e-voting commencing August 1, 2026, and concluding August 30, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/HAVELLS1_30072026181646_Intimation_Reg30_PostalBallotEvoting_30072026.pdf)
- 2026-07-24 — Generic Announcement: Havells India Limited published a notice on July 24, 2026, regarding a special window for the transfer and dematerialization of physical shares purchased before April 1, 2019. This window, open from February 5, 2026, to February 4, 2027, requires original share certificates, transfer deeds, and supporting documents. Shares transferred will be credited to the transferee's demat account and locked in for one year. — [Official attachment](https://nsearchives.nseindia.com/corporate/HAVELLS1_24072026095229_NewspaperPublication_SpecWin_24072026.pdf)
- 2026-07-21 — Generic Announcement: Havells India Limited held an earnings call on July 21, 2026, to discuss financial results for Q1 FY27. The company reported resilient revenue growth despite inflationary pressures and geopolitical uncertainties, with strong demand for cooling products and rapid scaling in the renewables business. Advertising spends more than doubled year-on-year, impacting profitability in the quarter but expected to normalize. The company undertook calibrated price hikes across categories to offset raw material inflation, with an average increase of 7-8%. — [Official attachment](https://nsearchives.nseindia.com/corporate/HAVELLS1_21072026110917_Transcript_Q1FY27_21072026.pdf)
- 2026-07-20 — Official Filing: Kundan Edifice Limited received purchase orders from Havells India Limited for HV Flex (Rope Lights), LV Flex (Strip Lights), and Rectifier Products, valued at INR 3.30 Cr. The orders are to be executed within mutually agreed timelines and are considered in the normal course of business, with no promoter interest or related party transaction involved.
- 2026-07-18 — Generic Announcement: Havells India Limited has made available the audio recording of its earnings call for the first quarter ended June 30, 2026. The recording can be accessed via a provided URL and is also available on the company's investor relations website. This follows the company's earlier intimation on July 14, 2026, regarding the conference call scheduled for July 17, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/HAVELLS1_18072026115305_Audio_Recording_18072026.pdf)
- 2026-07-18 — Generic Announcement: Havells India Limited published its unaudited financial results for the first quarter ended June 30, 2026, on July 18, 2026. The company's total income from operations for the standalone entity was Rs. 6,564.10 crore, with a net profit after tax of Rs. 298.43 crore. Consolidated total income was Rs. 5,506.87 crore, with a net profit after tax of Rs. 352.34 crore. — [Official attachment](https://nsearchives.nseindia.com/corporate/HAVELLS1_18072026115456_Newspaper_Publication_18072026.pdf)
- 2026-07-17 — Earnings Presentation: Havells India Limited reported unaudited financial results for the first quarter ended June 30, 2026, with Net Revenue of Rs 6,510 crores, an increase of 20.9% year-over-year. EBITDA was Rs 474 crores and Profit After Tax (PAT) was Rs 298 crores. The company also announced a realignment of its business segments, establishing 'Renewables' as a new Strategic Business Unit. The Board of Directors approved these results on July 17, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/HAVELLS1_17072026142820_InformationUpdate_Q1_17072026.pdf)
- 2026-07-17 — Generic Announcement: Havells India Limited announced its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026, on July 17, 2026. The Board of Directors approved these results, which underwent a limited review by the auditors. An exceptional item of ₹45.03 crores was disclosed, related to reassessment of employee benefit obligations due to new labor codes. — [Official attachment](https://nsearchives.nseindia.com/corporate/HAVELLS1_17072026141252_QuickResults_Q1FY202627.pdf)
- 2026-07-16 — Generic Announcement: Havells India Limited announced the appointment of Mr. Ashish Parikh as President & SBU Head, effective July 16, 2026. Mr. Parikh brings over 25 years of experience in P&L management, business transformation, and sales, having previously served as Executive Vice President and Chief Operating Officer at Diageo India. — [Official attachment](https://nsearchives.nseindia.com/corporate/HAVELLS1_16072026162525_Change_in_SeniorMngt_16072026.pdf)
- 2026-07-14 — Generic Announcement: Havells India Limited will hold an earnings conference call on Friday, July 17, 2026, from 4:30 PM to 5:15 PM IST to discuss financial results for the first quarter ended June 30, 2026. The call will include participation from Chairman and Managing Director Anil Rai Gupta and CFO Rajesh Kumar Gupta. — [Official attachment](https://nsearchives.nseindia.com/corporate/HAVELLS1_14072026151141_EarningsCall_Invite_Q1FY202627.pdf)
- 2026-07-13 — Generic Announcement: Havells India Limited, through its Registrar and Share Transfer Agent MUFG Intime India Private Limited, confirmed compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended June 30, 2026. This confirmation indicates that securities received for dematerialization were processed, confirmed to depositories, and listed on stock exchanges within the prescribed timelines. — [Official attachment](https://nsearchives.nseindia.com/corporate/HAVELLS1_13072026160058_Reg74_subreg5_DP_Certificate.pdf)
- 2026-07-09 — Press Release: Havells India Limited announced a strategic collaboration with Norway-based Pixii AS on July 9, 2026, to develop and introduce Battery Energy Storage Systems (BESS) for the Indian market. This partnership aims to combine Havells' manufacturing and distribution capabilities with Pixii's energy storage technology to support India's clean energy transition. The collaboration will involve pilot installations, co-development of solutions, and eventual local manufacturing in India. — [Official attachment](https://nsearchives.nseindia.com/corporate/HAVELLS1_09072026165535_PressRelease_09072026.pdf)
- 2026-07-06 — Official Filing: Havells India Limited will hold a board meeting on July 17, 2026, to consider unaudited financial results for the quarter ended June 2026. The trading window for the company's securities will be closed from July 1, 2026, to July 19, 2026.
- 2026-07-01 — Credit Rating Update: On July 1, 2026, CARE Ratings reaffirmed Havells India Limited's credit ratings, assigning CARE AAA to its long-term bank facilities and a stable outlook. The agency also reaffirmed the rating for short-term bank facilities at CARE AAA, with an enhanced amount of ₹1,427.50 crore. Additionally, CARE reaffirmed the rating for Havells India Limited's commercial paper issue of ₹500.00 crore. — [Official attachment](https://nsearchives.nseindia.com/corporate/HAVELLS1_01072026171425_CreditRatings_Reaffirmed_01072026.pdf)

## News and market events

- 2026-09-16 — The Hindu: **Copper dazzle dull margins for EV, consumer and engineering goods** — Copper’s recent rally to record-highs has sent waves of concern reverberating through the makers of several consumer-focussed and industrial products such as electric vehicles (EVs), consumer gadgets and appliances, electric wires and engineering goods, among others. — [Source](https://www.thehindu.com/business/industry/copper-dazzle-dull-margins-for-ev-consumer-and-engineering-goods/article71473156.ece)
- 2026-09-10 — MONEYCONTROL: **UltraTech's Ultravolt entry to pressure wires margins; Kotak cuts target multiples** — UltraTech, UltraTech shares, UltraTech stocks, Kotak Institutional Equities, Polycab — [Source](https://www.moneycontrol.com/news/business/stocks/ultratech-s-ultravolt-entry-to-pressure-wires-margins-kotak-cuts-target-multiples-14026928.html)
- 2026-09-08 — Economic Times: **Ultravolt launch sparks sell-off in wire stocks; high-voltage players insulated** — The wire and cable industry faced stock declines amidst rumors of Ultravolts impending market entry. The Aditya Birla Group's initiative aims for a robust nationwide distribution and retail network, stirring competition among established players. Leaders like Polycab and Havells have felt the pinch with falling stock prices, though those in the mid-to-extra high voltage sector might remain relatively insulated from these changes. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/ultravolt-could-trip-retail-wire-players-high-voltage-companies-have-some-insulation/articleshow/133902246.cms)
- 2026-09-07 — BUSINESSTODAY: **UltraTech Cement’s cables & wires entry: Will peer stocks face near-term pressure?** — UltraTech Cement share price today, UltraTech Cement shares, UltraTech Cement share price, UltraTech Cement news — [Source](https://www.businesstoday.in/markets/stocks/story/ultratech-cements-cables-wires-entry-will-peer-stocks-face-near-term-pressure-553611-2026-09-07)
- 2026-09-07 — MONEYCONTROL: **Cable stocks extend losses as Citi flags UltraTech threat; RR Kabel, KEI fall over 3%** — ultratech share price today, polycab stock update, havells share price news, kei industries stock, cables wires shares, ultratech ultravolt, ultratech cables wires entry — [Source](https://www.moneycontrol.com/news/business/markets/cable-stocks-extend-losses-as-citi-flags-ultratech-threat-rr-kabel-kei-fall-over-3-14024159.html)
- 2026-09-07 — Economic Times: **Wires on fire: Why UltraTech’s Rs 1,800 crore Ultravolt bet wiped out Rs 21,500 crore in 2 days** — UltraTechs entry into wires and cables triggered a sharp selloff in listed peers as investors assess the impact of intensified competition on market share, pricing and margins. While house wires and light-duty cables face the most immediate pressure, higher-voltage segments remain relatively insulated. Analysts remain positive on long-term industry growth, but caution that elevated valuations leave incumbents vulnerable. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/wires-on-fire-why-ultratechs-rs-1800-crore-ultravolt-bet-wiped-out-rs-21500-crore-in-2-days/articleshow/133865793.cms)
- 2026-09-06 — Economic Times: **Ahead of Market: 10 things that will decide stock market action on Monday** — Indian benchmark indices ended slightly higher on Friday, with the Sensex rising 363 points and Nifty closing below 23,898. Investors monitored global market cues, US economic data, and inflation reports, while stock-specific action drove intraday activity across major sectors in a sideways-moving market environment. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/ahead-of-market-10-things-that-will-decide-stock-market-action-on-monday/articleshow/133834844.cms)
- 2026-09-05 — The Hindu: **Havells holding out for improvements** — Margin performance should match revenue growth for the company prospects to recover — [Source](https://www.thehindubusinessline.com/portfolio/stock-fundamental-analysis-india/havells-holding-out-for-improvements/article71423530.ece)
- 2026-09-01 — MONEYCONTROL: **Polycab, KEI shares fall up to 7% as UltraTech Cement forays into wires and cables segment with production launch in Gujarat** — UltraTech Cement, wires and cables — [Source](https://www.moneycontrol.com/news/business/markets/polycab-kei-shares-fall-up-to-7-as-ultratech-cement-forays-into-wires-and-cables-segment-with-production-launch-in-gujarat-14019998.html)
- 2026-09-01 — CNBC-TV18: **Nifty holds 24,000, rupee hits 2-month high; sugar, IT, auto stocks in focus** — Indian benchmark indices ended higher in a volatile session, with the Nifty holding above 24,000 after CAS. The rupee strengthened to a two-month high, while auto, sugar, aviation and select Adani stocks saw sharp moves. — [Source](https://www.cnbctv18.com/market/closing-bell-nifty-holds-24000-rupee-hits-2-month-high-sugar-it-auto-stocks-19981517.htm)
- 2026-08-18 — Economic Times: **FMCG, auto and consumer companies step up festive marketing spends by up to 20%** — Indian consumer companies are increasing festive marketing budgets by up to 20% as demand shows signs of strengthening and dealers build inventory ahead of the key consumption season. Automakers, FMCG and electronics firms are boosting advertising and consumer engagement despite margin pressures from higher input costs and rupee depreciation. — [Source](https://economictimes.indiatimes.com/news/company/corporate-trends/fmcg-auto-and-consumer-companies-step-up-festive-marketing-spends-by-up-to-20/articleshow/133329241.cms)
- 2026-08-17 — Mint: **Stock market today: Gift Nifty hints a weak start; eight day trading stocks to buy on Monday, 17 August** — Indian stock indices Sensex and Nifty 50 are set to open lower on August 17 due to weak global signals. The Gift Nifty indicated a subdued start, trading below previous closes. Geopolitical tensions and oil prices remain critical factors affecting market sentiment. — [Source](https://www.livemint.com/market/stock-market-news/stock-market-today-gift-nifty-hints-a-weak-start-eight-day-trading-stocks-to-buy-on-monday-17-august-11786931771359.html)
- 2026-08-17 — Mint: **Raja Venkatraman recommends three stocks for 17 August** — Market expert Raja Venkatraman shares his top stock picks for 17 August. Here’s his technical outlook and trade strategy. — [Source](https://www.livemint.com/market/stock-market-news/raja-venkatraman-recommends-three-stocks-for-17-august-11786781734398.html)
- 2026-08-15 — Economic Times: **Nifty at risk below 24,000; MCX, Havells among stocks to watch next week: Rupak De** — Nifty faces a crucial 24,000 support level after weakening momentum, with a break potentially triggering short-term bearishness. Analyst Rupak De favours auto and PSU banks, while highlighting MCX, ELGI Equipments, Havells and Himadri Speciality Chemical as trading opportunities. — [Source](https://economictimes.indiatimes.com/markets/expert-view/nifty-at-risk-below-24000-mcx-havells-among-stocks-to-watch-next-week-rupak-de/articleshow/133257377.cms)
- 2026-08-05 — Economic Times: **RBI Inflation FY2026-27: Malhotra & Co trim FY27 inflation forecast to 5% as easing crude prices offer relief** — RBI Inflation 2026-27 Forecast: The RBI's Monetary Policy Committee cut its FY27 inflation forecast to 5% from 5.1%, citing softer global crude oil prices and easing supply-side pressures. RBI Governor Sanjay Malhotra said higher inflation is largely driven by food and fuel, while core inflation remains benign. He expects headline inflation to peak in the third quarter of FY27 before moderating. — [Source](https://economictimes.indiatimes.com/news/economy/indicators/rbi-inflation-fy2026-27-malhotra-co-trim-fy27-inflation-forecast-to-5-as-easing-crude-prices-offer-relief/articleshow/132889736.cms)
- 2026-08-01 — FREEPRESSJOURNAL.IN: **Consumer Firms Plan Fresh Price Hikes As Commodity Costs Rise Ahead Of Festive Season** — Major Indian consumer companies are preparing another round of price increases as rising commodity costs linked to the Middle East conflict put pressure on margins. Firms including Hindustan Unilever, Asian Paints and Dodla Dairy are considering hikes ahead of the festive season, raising concerns over inflation and consumer spending — [Source](https://www.freepressjournal.in/business/consumer-firms-plan-fresh-price-hikes-as-commodity-costs-rise-ahead-of-festive-season)
- 2026-08-01 — MONEYCONTROL: **Indian firms plan fresh price hikes, testing inflation outlook** — price hikes, inflation, HUL, Asian Paints, Middle East conflict, home care products, RBI, US-Iran war, RBI MPC — [Source](https://www.moneycontrol.com/news/business/economy/indian-firms-hul-asian-paints-plan-fresh-price-hikes-testing-inflation-outlook-13990664.html)
- 2026-07-25 — The Hindu: **Movers & Shakers: Stocks that will see action this week** — Explore key stock movements this week for Ather Energy, Havells India, and Lodha Developers with expert trading insights. — [Source](https://www.thehindubusinessline.com/portfolio/technical-analysis/movers-amp-shakers-stocks-that-will-see-action-this-week/article71263326.ece)
- 2026-07-20 — Mint: **Havells India’s margin recovery hinges on easing A&P spends, price hikes after weak Q1** — Margin pressure overshadowed strong revenue growth in the first quarter. — [Source](https://www.livemint.com/market/mark-to-market/havells-q1fy27-results-margin-pressure-renewables-lloyd-growth-analysis-11784520642325.html)
- 2026-07-18 — The Hindu: **Simply Put: Earnings seasonality** — Two friends explore how seasonal changes impact company earnings, highlighting the importance of diversification in investments. — [Source](https://www.thehindubusinessline.com/portfolio/personal-finance/simply-put-earnings-seasonality/article71234085.ece)
- 2026-07-18 — The Hindu: **Q1 Results Today Live: HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, PNB, IDBI Bank, Yes Bank, JK Cement, India Cements to announce Q1 results** — Q1 Results Today, 18th July 2026 Live Updates: Catch all the live updates here — [Source](https://www.thehindubusinessline.com/markets/stock-markets/q1-results-today-live-updates-hdfc-bank-icici-bank-axis-bank-kotak-mahindra-bank-pnb-idbi-bank-yes-bank-jk-cement-india-cement-results-18-july-2026/article71237100.ece)
- 2026-07-17 — The Hindu: **Q1 Results Today Live: JSW Steel profit doubles, Havells India profit declines, Oberoi Realty, The Federal Bank, Central Bank of India profit up, Reliance & Tata Tech to announce Q1 results** — Q1 Results Today, 17th July 2026 Live Updates: Catch live updates — [Source](https://www.thehindubusinessline.com/markets/q1-results-today-live-updates-reliance-industries-jsw-steel-tata-tech-turtlemint-havells-poonawalla-navkar-wipro-jio-financial-tech-mahindra-bhel-itc-results-17-july-2026/article71229272.ece)
- 2026-07-17 — CNBC-TV18: **Q1 Results Live Updates: Oberoi Realty PAT rises 29% YoY; Tatva Chintan Pharma profit more than doubles** — Q1 Results Live Updates: The final trading session of the week will bring the most important result of the week in Reliance Industries, while Saturday will bring five major banks to the results table in HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, and Yes Bank. Apart from Reliance Industries, JSW Steel, Havells India, Federal Bank, RBL Bank, Tata Technologies, Tatva Chintan Pharma, Poonawalla Fincorp, Oberoi Realty and Navkar Corp will also be reporting their results today. The three biggest result reactions of the day come from Wipro, Tech Mahindra and Jio Financial Services. Watch this space for all the LIVE Q1 results updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-reliance-industries-wipro-techm-jio-fin-ceat-havells-jsw-steel-rbl-tata-tech-share-price-liveblog-19947683.htm)
- 2026-07-17 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Sensex jumps 965 points, Nifty tops 24,300 as banks, IT and Reliance lead rally; midcaps underperform** — Sensex Today | Stock Market LIVE Updates: Indian equity benchmarks ended sharply higher on Friday, with the Sensex rising 965 points to 78,151 and the Nifty gaining 262 points to close at 24,334, led by strong buying in banking, IT and Reliance Industries. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-ril-wipro-tech-mah-jio-fin-federal-bank-havells-it-share-price-liveblog-19947678.htm)

## Business profile

**Strategic vision:** Electrical goods manufacturer and distributor for diverse applications.

### Business segments
- **Fast-Moving Electrical Goods (FMEG):** Manufactures and distributes electrical products including switches, switchgear, appliances, cables, fans, lighting, air conditioners, refrigerators, televisions, washing machines, and solar products.
- **Industrial Electrical Solutions:** Offers industrial and domestic switchgear, professional lighting solutions, capacitors, power quality solutions, and circuit protection devices for industrial and commercial applications.

### Competitive strengths
- Extensive product portfolio covering residential, commercial, and industrial electrical needs.
- Strong brand recognition across multiple consumer segments.
- Significant in-house manufacturing infrastructure within India.
- Wide-reaching distribution and service network.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/havells
Markdown representation: https://faxioms.com/stocks/havells?render=md