New Delhi, July 18, 2024: Havells India Limited, a leading Fast-Moving Electrical Goods (FMEG) Company, today announced its financial results for the first quarter ended June 30, 2024.
Commenting on the financial performance Mr. Anil Rai Gupta, Chairman and Managing Director, Havells India Limited, said, “We are enthused by the overall performance led by summer-centric portfolio. Our cost initiatives are also yielding results, supporting margin improvement. We continue our investments into brand, products and talent pool, as we feel excited about economic and business growth.”
Q1 FY25 vs. Q1 FY24 (Standalone basis)
- Net revenue grew by 20% to INR 5,798 crore in Q1 FY25 as against INR 4,824 crore in the corresponding quarter previous year.
- EBITDA grew by 43% to INR 576 crore in Q1 FY25 as against INR 402 crore in the corresponding quarter previous year.
- Profit before Tax grew by 45% to INR 553 crore in Q1 FY25 as against INR 382 crore in the corresponding quarter previous year.
- Net Profit grew by 43% to INR 411 crore in Q1 FY25 as against INR 287 crore in the corresponding quarter previous year.
Business Segments (Q1 FY25 vs. Q1 FY24)
ADVERTISEMENT
- Switchgears business grew by 6% to INR 576 crore in Q1 FY25 as against INR 541 crore in the corresponding quarter previous year.
- Cable business grew by 2% to INR 1,521 crore in Q1 FY25 as against INR 1,485 crore in the corresponding quarter previous year.
- Lighting and Fixtures business grew by 5% to INR 386 crore in Q1 FY25 as against INR 367 crore in the corresponding quarter previous year.
- Electrical Consumer Durables business grew by 20% to INR 1,055 crore in Q1 FY25 as against INR 877 crore in the corresponding quarter previous year.
- Lloyd business grew by 47% to INR 1,924 crore in Q1 FY25 as against INR 1,305 crore in the corresponding quarter previous year.
- Other business grew by 36% to INR 336 crore in Q1 FY25 as against INR 248 crore in the corresponding quarter previous year.
