Q2 2025 Havells India Ltd Earnings Call Transcript
Key Points
- Havells India Ltd (BOM:517354) reported healthy performance across categories, driven by improved consumer demand and festive season sales.
- The company commissioned a new cables plant in Tumkur, indicating a commitment to long-term growth with additional CapEx of INR 450 crores.
- Lloyd, a subsidiary of Havells, showed decent growth and benefited from cost efficiency initiatives.
- The company is witnessing good growth in emerging categories such as personal grooming, air coolers, and water purifiers.
- Havells is making strategic investments in expanding its retail and rural channels, which are expected to drive future growth.
- Volatility in commodity prices negatively impacted the margins of the cables segment due to high-cost inventory absorption.
- The industrial switchgear business experienced a decline, affecting overall growth in the switchgear segment.
- Increased advertising spend due to the early festive season led to moderated margins across categories.
- Employee costs have risen due to expansion efforts, impacting short-term profitability.
- The lighting segment faced pricing deflation, affecting EBIT margins despite holding up contribution margins.
Ladies and gentlemen, good day, and welcome to Havells India Limited Q2 FY '25 earnings conference call hosted by DAM Capital Advisors Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Ms. Bhoomika Nair. Thank you, and over to you, ma'am.
Yes. Good evening, everyone, and a warm welcome on behalf of DAM Capital to the Q2 FY '25 earnings call of Havells India Limited. We have the management today being represented by Mr. Anil Rai Gupta, Chairman and Managing Director; Mr. Rajesh Kumar Gupta, Whole-Time Director and Group CFO; Mr. Ameet Kumar Gupta, Whole-Time Director; and Mr. Rajiv Goel, Executive Director. At this point, I'll hand over the floor to Mr. Gupta for his initial remarks, post which we'll open up the floor for Q&A. Thank you and over to you, sir.
Thank you, Bhoomika. Good
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
