Havells India Limited — Investor Meet, 21-07-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Havells reported strong Q1 FY27 revenue growth driven by resilient demand, with calibrated price hikes (avg. 7-8%) largely absorbed. Renewables is now a separate segment, showing robust growth. Management focused on long-term brand building with doubled ad spends impacting Q1 profit, but normalization is expected. Outlook is positive for demand and margins. Strategic capex of ~INR1,400 Cr for FY27, largely for cables and R&D. Distribution shifts emphasize 'sell-out' to optimize channel. Management expresses confidence in growth and strategic initiatives.