Havells India Q1 FY25 Results Preview: Noida-based FMEG firm likely to stage a strong show with 57% jump in PAT, 300 bps surge in margin

Havells India Q1 FY25 Results Preview: Havells India - a Noida-headquartered fast-moving electrical goods (FMEG) company - is slated to report its financial results for the April-June period on Thursday, July 18. Analysts expect the company - whose popular brands include HavelLs Studio and Crabtree - to stage a strong financial performance for the first quarter of the current financial year, driven by significant growth in summer season sales. 

According to Zee Business research, Havells India is estimated to register a consolidated net profit of Rs 452 crore for the June quarter, which translates to a year-on-year increase of 57.5 per cent. The analysts expect its revenue to grow by one-fifth to Rs 5,821 crore over the year-ago period.

The FMEG company's first-quarter earnings before interest, taxes, depreciation and amortisation (EBITDA) are estimated at Rs 645 crore, up 60.4 per cent over the year-ago period, according to the research.

Zee Business analysts peg Havells India's quarterly margin at 11 per cent as against 8.0 per cent a year ago. They expect the FMEG firm to register growth to the tune of 15 per cent in the electrical consumer durables (ECD) unit, 20 per cent in cables and wires, 9.0 per cent in switches and switchgears, 5.0 per cent in lighting, and 35 per cent in its Lloyd business. 

Here are the estimates of segment-wise EBIT margins at Havells India, according to Zee Business research:  

Havells India Q1 FY25 Results | Key monitorables

Analysts say the management's commentary on demand trends will be among the key things to track in the upcoming earnings report.  

How Havells India performed in Q4 FY24

For the quarter ended March 31, Havells India logged a 25.4 per cent jump in its consolidated net profit to Rs 448.9 crore with 11.8 per cent growth in revenue to Rs 5,434.3 crore, according to a regulatory filing. 

For the financial year 2023-24, its consolidated net profit stood at Rs 1,273.2 crore over revenue of Rs 18,549.9 crore. 

Havells India Shares | Historical performance 

 As of July 16, Havells India shares have grown about 45 per cent in a year, sharply outperforming a 25 per cent rally in the headline Nifty50 index.

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