
Havells India Q4 Profit Jumps 16% on Robust Revenue Growth
Havells India Q4 results are in—and they’re glowing.
The electrical goods giant reported a 16% year-on-year rise in net profit to ₹522 crore for the quarter ending March 2025. Revenue surged 20.2% YoY to ₹6,566 crore, powered by a standout 39.54% jump in sales from its Lloyd Consumer brand. EBITDA came in at ₹761 crore, up 19.5%, though margins dipped slightly to 11.6%.
So, what does this mean for the average consumer?
Well, in a world where summer barely made an entrance, Havells still managed to sell cooling products like it was peak heatwave season. If your neighborhood store had more ACs flying off the shelf than mangoes this March, this might explain why.

Now, let’s break down the action behind the numbers.
The Lloyd Effect
Lloyd Consumer was the undisputed star of the quarter, raking in ₹1,869.97 crore in revenue, up nearly 40% YoY. This reflects a strong recovery in consumer sentiment and rising demand for cooling appliances, even with a milder-than-usual summer kick-off.
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Growth Across Segments
Havells didn’t bet on just one horse. Cable business revenue soared 21.2% YoY to ₹2,169.37 crore, thanks to capacity upgrades and higher commodity prices. The Electrical Consumer Durables (ECD) division pulled in ₹995.92 crore, growing 9.4%. Meanwhile, the switchgear segment earned ₹691.36 crore (up 6.15%), while lighting & fixtures remained flat at ₹441 crore, affected by falling LED prices.
Revenue from “others”—emerging segments under Havells’ belt—jumped 19.44%, showing the brand’s efforts to scale newer categories are starting to pay off.
Full-Year Snapshot: Solid and Steady
For the entire FY25, Havells’ net profit jumped 16.94% to ₹1,488.84 crore. Revenue from operations for the year grew 17.23%, hitting ₹21,745.81 crore. That’s strong performance across the board, especially in a consumer market still regaining its footing post-pandemic and amid volatile commodity prices.
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Boardroom Decisions: Dividends Incoming
Shareholders have reason to smile. The board has recommended a final dividend of ₹6 per share, in addition to the ₹4 interim dividend already announced. That brings the total payout for FY25 to ₹10 per share. The final dividend is scheduled to be paid within 30 days of the AGM.
The Stock Story: Slight Dip, Big Picture Steady
Despite the upbeat results, Havells’ stock slipped 3.12% on the BSE to ₹1,612.80. Market jitters? Possibly. Or maybe investors were already pricing in the strong performance. Either way, the fundamentals look healthy.
What’s the Catch?
Margins. While revenue and EBITDA rose, the margin fell slightly from 11.7% to 11.6%. It’s minor—but in a margin-sensitive sector, it’s worth watching. Analysts cite pricing pressure in LEDs and raw material fluctuations as contributing factors.
Havells India Q4 results tell a clear story: strong consumer demand, expanding product lines, and agile operations. The company seems well-positioned to ride out seasonal blips and commodity swings, especially with Lloyd continuing to gain ground.
In a year when many firms are playing defense, Havells is clearly on offense—ACs, cables, and all.
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