Havells Q1 FY27 saw Net Revenue jump 19.7% YoY to Rs 6,510 Cr, driven by resilient demand.

However, profitability took a hit, with PAT falling 15.3% to Rs 298 Cr and EBITDA dropping 8.8% to Rs 474 Cr.

This was primarily due to a significant, frontloaded increase in advertising and sales promotion (A&P) spends.

Strong growth came from Cables (+27%) and the newly formed Renewables segment (+235.9%), which now includes Solar, Solar Pumps, and EV Chargers as a strategic business unit to leverage sector tailwinds.

Electrical Consumer Durables (ECD) also grew 12%, though Switchgears faced export disruptions.

Management expects A&P spends to normalize over the year, leading to an improved margin outlook alongside recent price hikes.

The company has a full-year capex plan of Rs 1,400 Cr, mainly for Cables capacity and a new R&D center.

Cash and cash equivalents stood at Rs 1,497 Cr at quarter-end.