Havells India Q4 Results Preview: Net profit likely to grow 4% to Rs 372 crore, margin may shrink

Havells India Q4 FY24 Results Preview, Havells India Q4 FY24 Results Date: Noida-headquartered fast moving electrical goods (FMEG) company Havells India is all set to report its financial results for the quarter as well as the year ended March 31, 2024, on Tuesday, April 30. Analysts expect the company, which manufactures a string of consumer and industrial products such as fans, lights, appliances, cables, motors and solar solutions, to stage a lukewarm quarterly financial performance with some pressure on the margin front. 

According to Zee Business research, Havells India is likely to register a consolidated net profit of Rs 372 crore for the January-March period, which translates into a 3.9 per cent increase compared with the corresponding period a year ago. The analysts expect its quarterly revenue to grow 10.9 per cent to Rs 5,387 crore.

The FMEG firm is estimated to log March-quarter earnings before interest, taxes, depreciation and amortisation (EBITDA) of Rs 544 crore, as against Rs 527 crore for the year-ago period, according to the research.

Zee Business analysts peg Havells India's margin, a key measure of profitability, at 10 per cent for the quarter ended March 31, down 80 basis points (bps) on a year-on-year basis. They estimate revenue growth to the tune of eight per cent and five per cent in the the cables and wires, and switchgear segments, respectively. 

Investors will closely track the FMEG company's earnings report for its demand outlook and channel inventory. 

How Havells India fared in October-December period (Q3 FY24)

For the fiscal third quarter, Havells India reported a consolidated net profit of Rs 288 crore as against a net profit of Rs 284 crore a year ago.

Its revenue increased 6.8 per cent to Rs 4,401 crore while margin shrank by 50 bps to 9.8 per cent, according to a regulatory filing.

Zee Business analysts had estimated the FMEG company's third-quarter net profit at Rs 321 crore, revenue at Rs 4,546 crore and margin at 10.3 per cent.  

Havells India shares: Past performance

Havells India shares finished the March quarter 10.8 per cent stronger, outperforming a 2.7 per cent rise in the headline Nifty50 index. 

Meanwhile, more than 200 companies are scheduled to report their financial results in the same week. 

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