HAVELLS · Consumer Durables
Havells India Ltd. reported revenue of ₹4,414 cr for October to December 2023, — on the year and +13.2% on the quarter.
Operating profit (EBITDA) was ₹433 cr, a margin of 9.8%, — on the year and +25 bps on the quarter.
Net profit was ₹288 cr, — on the year and +15.7% on the quarter, with earnings per share of ₹4.59.
Retail growth comes from new stores and from sales at existing stores; the statements show the total, the filing shows how much each contributed. The quarterly statements do not carry same-store sales, stores added and revenue per square foot; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹4,414 cr | ₹5,442 cr | ₹5,806 cr | ₹4,539 cr | ₹4,889 cr | ₹6,544 cr | ₹5,455 cr | ₹4,779 cr | ₹5,588 cr | ₹6,705 cr | ₹6,518 cr | ₹6,432 cr |
| YoY | — | — | +20% | +16% | +11% | +20% | −6% | +5% | +14% | +2% | +19% | +35% |
| EBITDA margin | 9.8% | 11.7% | 9.9% | 8.3% | 8.7% | 11.6% | 9.5% | 9.2% | 9.2% | 10.9% | 7.1% | 8.9% |
| Other income, % of PBT | 14% | 13% | 14% | 26% | 17% | 10% | 15% | 22% | 2% | 34% | 14% | 7% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 26% | 25% | 26% | 26% | 26% | 26% | 26% | 23% | 26% | 21% | 26% | 26% |
| Net profit | ₹288 cr | ₹447 cr | ₹408 cr | ₹268 cr | ₹278 cr | ₹517 cr | ₹348 cr | ₹318 cr | ₹300 cr | ₹723 cr | ₹290 cr | ₹349 cr |
| YoY | — | — | +42% | +8% | −3% | +16% | −15% | +19% | +8% | +40% | −17% | +10% |
| Core profit YoY | — | — | +49% | −5% | −7% | +21% | −15% | +20% | +27% | −4% | −16% | +36% |
| EPS | ₹4.59 | ₹7.13 | ₹6.51 | ₹4.28 | ₹4.44 | ₹8.26 | ₹5.55 | ₹5.09 | ₹4.80 | ₹11.53 | ₹4.63 | ₹5.57 |
| Flags | · | · | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 2 | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Havells India Ltd. reported revenue of ₹4,414 cr (— on the year) and net profit of ₹288 cr (— on the year) for October to December 2023.
None of the 2 checks that could run raised a question.
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