Havells: CLSA on Havells India Outperform with Target Price ₹1,535 as weak 4Q with 6% YoY EBITDA decline and only 2% revenue growth, though cables & renewables surprised positively; near-term demand hit by weather/seasonality but expected recovery in cooling products and potential consensus upgrades remain key rerating drivers.

 23 Apr 2026 08:56 AM

Havells: CLSA on Havells India Outperform with Target Price ₹1,535 as weak 4Q with 6% YoY EBITDA decline and only 2% revenue growth, though cables & renewables surprised positively; near-term demand hit by weather/seasonality but expected recovery in cooling products and potential consensus upgrades remain key rerating drivers.

Havells: HSBC on Havells India Buy with Target Price ₹1,560 (cut) as 4Q weak with only 2% YoY revenue growth and sharp 19% YoY decline in Lloyd, while cables & solar segments performed strongly, leading to earnings cuts mainly in ECD and Lloyd segments.

 23 Apr 2026 08:56 AM

Havells: HSBC on Havells India Buy with Target Price ₹1,560 (cut) as 4Q weak with only 2% YoY revenue growth and sharp 19% YoY decline in Lloyd, while cables & solar segments performed strongly, leading to earnings cuts mainly in ECD and Lloyd segments.

Havells: Nomura on Havells India Buy with Target Price ₹1,620 as 4QFY26 beat with consumption recovery expected to drive growth, normal summer to support demand recovery, while margin expansion remains gradual amid cost pressures leading to EPS cuts of 11%/6% due to lower revenue (-4%) and margin assumptions.

 23 Apr 2026 08:56 AM

Havells: Nomura on Havells India Buy with Target Price ₹1,620 as 4QFY26 beat with consumption recovery expected to drive growth, normal summer to support demand recovery, while margin expansion remains gradual amid cost pressures leading to EPS cuts of 11%/6% due to lower revenue (-4%) and margin assumptions.

Havells: HDFC Securities on Havells India Add with Target Price ₹1,470 (cut) as weak 2% YoY revenue due to Lloyd decline, margin contraction from gross margin and cost pressures, delayed summer demand recovery, earnings cuts amid challenging environment, and premium valuation at ~45x Mar-28E EPS limit upside.

 23 Apr 2026 08:56 AM

Havells: HDFC Securities on Havells India Add with Target Price ₹1,470 (cut) as weak 2% YoY revenue due to Lloyd decline, margin contraction from gross margin and cost pressures, delayed summer demand recovery, earnings cuts amid challenging environment, and premium valuation at ~45x Mar-28E EPS limit upside.

Havells: Motilal Oswal on Havells India Neutral with Target Price ₹1,349 as strong C&W and lighting margin recovery aided by inventory gains and year-end adjustments, while ECD and Lloyd remain subdued; industrial/infrastructure demand is strong, cooling demand is improving, but macro uncertainty keeps growth guidance withheld and outlook focused on efficiency, branding and distribution expansion.

 23 Apr 2026 08:56 AM

Havells: Motilal Oswal on Havells India Neutral with Target Price ₹1,349 as strong C&W and lighting margin recovery aided by inventory gains and year-end adjustments, while ECD and Lloyd remain subdued; industrial/infrastructure demand is strong, cooling demand is improving, but macro uncertainty keeps growth guidance withheld and outlook focused on efficiency, branding and distribution expansion.

Havells: Macquarie on Havells India Outperform with Target Price ₹1,588 as good quarter with margin beat and strong cables growth, supported by diversified portfolio, strong brand and premium positioning, though near-term growth and margin risks persist due to macro uncertainty and Middle East conflict.

 23 Apr 2026 08:56 AM

Havells: Macquarie on Havells India Outperform with Target Price ₹1,588 as good quarter with margin beat and strong cables growth, supported by diversified portfolio, strong brand and premium positioning, though near-term growth and margin risks persist due to macro uncertainty and Middle East conflict.

Havells: Jefferies on Havells India Hold with Target Price ₹1,290 as strong cables & wires growth and higher other income offset weak consumer products, though Lloyd continues to drag with EBIT losses, while ~20% EPS CAGR (FY26–28E) is largely priced in with valuations slightly above historical averages.

 23 Apr 2026 08:57 AM

Havells: Jefferies on Havells India Hold with Target Price ₹1,290 as strong cables & wires growth and higher other income offset weak consumer products, though Lloyd continues to drag with EBIT losses, while ~20% EPS CAGR (FY26–28E) is largely priced in with valuations slightly above historical averages.

Havells: Citigroup on Havells India Neutral with Target Price ₹1,500 (cut) as broad-based revenue miss across segments and rising competition in cables & wires likely to pressure margins, with re-rating dependent on sustained growth and margin improvement.

 23 Apr 2026 08:57 AM

Havells: Citigroup on Havells India Neutral with Target Price ₹1,500 (cut) as broad-based revenue miss across segments and rising competition in cables & wires likely to pressure margins, with re-rating dependent on sustained growth and margin improvement.

Havells: Company Plans To Absorb Rising Costs While Trying To Keep Or Win Market Share Amid Competition, Expects Revenue Growth To Beat Expense Growth Except Ad And Promotions, And Targets 2 Pp Margin Improvement Over The Medium Term

 23 Apr 2026 08:32 AM

Havells: Company Plans To Absorb Rising Costs While Trying To Keep Or Win Market Share Amid Competition, Expects Revenue Growth To Beat Expense Growth Except Ad And Promotions, And Targets 2 Pp Margin Improvement Over The Medium Term

Havells: Capital Spending In FY27 And FY28 Focuses On Cables, Wires, And A New R&D Center

 23 Apr 2026 08:32 AM

Havells: Capital Spending In FY27 And FY28 Focuses On Cables, Wires, And A New R&D Center

Havells: Company Won’t Give Exact FY27 Numbers, Citing Global War Disruptions And Sharp Price Rises, But Expects Continued Solar Growth With New Renewable Products

 23 Apr 2026 08:26 AM

Havells: Company Won’t Give Exact FY27 Numbers, Citing Global War Disruptions And Sharp Price Rises, But Expects Continued Solar Growth With New Renewable Products

Havells: Co Appoints Varun Berry As Additional Director (Independent) || Varun Berry Was Ex CEO Of Britannia

 22 Apr 2026 02:46 PM

Havells: Co Appoints Varun Berry As Additional Director (Independent) || Varun Berry Was Ex CEO Of Britannia

HAVELLS INDIA: Q4 CONS NET PROFIT 7.2B RUPEES VS 5.2B (YOY)

 22 Apr 2026 02:35 PM

HAVELLS INDIA: Q4 CONS NET PROFIT 7.2B RUPEES VS 5.2B (YOY)

HAVELLS INDIA: Q4 REVENUE 67.05B RUPEES VS 65.44B (YOY)

 22 Apr 2026 02:36 PM

HAVELLS INDIA: Q4 REVENUE 67.05B RUPEES VS 65.44B (YOY)

HAVELLS INDIA: Q4 EBITDA 7.3B RUPEES VS 7.57B (YOY) || Q4 EBITDA MARGIN 10.9% VS 11.57% (YOY)

 22 Apr 2026 02:36 PM

HAVELLS INDIA: Q4 EBITDA 7.3B RUPEES VS 7.57B (YOY) || Q4 EBITDA MARGIN 10.9% VS 11.57% (YOY)

HAVELLS INDIA: CO RECOMMENDS FINAL DIVIDEND OF 6 RUPEES PER SHARE

 22 Apr 2026 02:37 PM

HAVELLS INDIA: CO RECOMMENDS FINAL DIVIDEND OF 6 RUPEES PER SHARE

HAVELLS INDIA: CO HAS OTHER INCOME OF 2.96B VS 687M (YOY)

 22 Apr 2026 02:37 PM

HAVELLS INDIA: CO HAS OTHER INCOME OF 2.96B VS 687M (YOY)

Havells: HSBC maintains Buy on Havells India with Target Price ₹1,700, citing moderate Q4 revenue growth from early channel filling but margin pressure from higher input costs, while Q1FY27 earnings may be impacted by commodity inflation, demand delays and sporadic rains affecting AC sales.

 13 Apr 2026 09:09 AM

Havells: HSBC maintains Buy on Havells India with Target Price ₹1,700, citing moderate Q4 revenue growth from early channel filling but margin pressure from higher input costs, while Q1FY27 earnings may be impacted by commodity inflation, demand delays and sporadic rains affecting AC sales.

Havells: Co To Consider Q4 Results On April 22.

 07 Apr 2026 11:31 AM

Havells: Co To Consider Q4 Results On April 22.

Havells: Today At 3 Pm Nifty Indices Semi-annual Rejig Co Sees Outflows Of Usd 49m

 27 Mar 2026 02:57 PM

Havells: Today At 3 Pm Nifty Indices Semi-annual Rejig Co Sees Outflows Of Usd 49m