The strong performance of the wires & cables division was offset by weakness in the ECD and Lloyd segments
Brokerages say the demand pickup in the summer season and the sustainability of Lloyd's margin will be key monitorables for the firm in the near term.
Motilal Oswal recommended Neutral rating on Havells with a target price of Rs 1650 in its research report dated March 27, 2025.
Although the company reported a rise in revenue, its net profit dropped to Rs 278 crore in Q3 FY 25. This marks a fall of 3% from Rs 287.91 crore net profit reported for the same quarter (Q3) of the previous financial year (FY 24).
The firm's revenue from operations rose 10% to Rs 4,888.98 crore revenue in Q3FY25
Anand Rathi is bullish on Havells, India has recommended buy rating on the stock with a target price of Rs 2117 in its research report dated October 20, 2024.
ICICI Securities is bullish on Havells recommended buy rating on the stock with a target price of Rs 2120 in its research report dated October 18, 2024.
Our coverage includes Infosys, Dalmia Bharat, Havells and L&T Technology Services.
The ongoing government-led capex thrust, rural recovery, and focus on premiumisation are all likely to be contributors to the rally in the durables index.
In the March quarter, air conditioners were the best performing consumer durables category, with the industry growing in excess of thirty percent.
ICICI Securities is bullish on Havells recommended buy rating on the stock with a target price of Rs 1940 in its research report dated May 02, 2024.
Havells Q4: total revenue stood at Rs 5,434 crore, rising 12 percent from Rs 4,850 crore in the year-ago quarter
Havells is planning to launches a range of cooktops, hobs, chimneys and other built-in appliances by May and is aiming to be among the top players over the next three years.
Experts say the focus on launching new products, coupled with good deals and enhanced distribution, should help brands during the festive season.
The brokerage firm suggest that categories such as fans, lighting, refrigeration and air conditioning, and kitchen appliances are set to benefit in the latter half of FY24 and FY25.
Havells India reported a consolidated net profit of Rs 287.07, up 18 percent. The company reported a 13.8 percent increase in revenue YoY.
Motilal Oswal has reinitiated a buy call on the stock with a target price of Rs 1,580.