Havells India announced plans to establish a refrigerator manufacturing facility in Ghiloth, Rajasthan, with an investment of approximately ₹480 crore. The plant will add a production capacity of 14 lakh units, expected to be operational by the second quarter of FY27.
The investment will be funded through internal accruals. The company stated that this expansion aims to leverage backward integration and economies of scale, enhancing operational efficiency and cost-effectiveness.
September Quarter Financial Results
Havells India reported mixed results for the September quarter. While net profit rose by 7.7% year-on-year to ₹268.2 crore, it fell short of analyst expectations, which stood at ₹328 crore. Revenue grew by 16.4% year-on-year to ₹4,539.3 crore, slightly exceeding the projected ₹4,332 crore.
However, EBITDA remained flat at ₹374.6 crore compared to the previous year, significantly below the estimate of ₹459 crore. The company’s EBITDA margin declined by 140 basis points to 8.2% from 9.6% last year, missing the anticipated 10.6%.
Havells attributed the margin pressure to volatile commodity prices, which particularly impacted the cables segment. Additionally, advertising expenditures shifted into the September quarter due to the advancement of the festive season, affecting contribution margins.
Havells India Limited is a leading Indian electrical equipment company specializing in a diverse range of products, including lighting, fans, switches, cables, home appliances, and industrial solutions. Founded in 1958 and headquartered in Noida, Uttar Pradesh, Havells is known for its innovative, energy-efficient, and high-quality offerings that cater to both residential and commercial markets.
The company has an extensive distribution network, backed by a robust presence in India and global markets. With a strong focus on technology and sustainability, Havells has established itself as a trusted brand in electrical and consumer goods. Its customer-centric approach, modern manufacturing facilities, and commitment to innovation have solidified its reputation as one of India’s most reliable and respected companies in the sector.
