Havells India Limited — Investor Meet, 22-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Havells' Q3 FY26 saw revenue up 14% and EBITDA up 21% year-on-year, largely fueled by robust volume and commodity-driven growth in cables. While consumer demand is still modest, festive sales and strong winter boosted heating products. Cooling product inventory is normalizing.

Management expects gradual demand recovery, tackling cost headwinds with calibrated price hikes and efficiency. Wires and cables capacity utilization is strong, and solar is a growing focus area. Capex continues for manufacturing infrastructure and a new R&D center. Market shares are largely maintained across most segments. Sentiment is cautiously optimistic.