Havells stock: Havells reports Q2 revenue up 34.57 percent while Havells stock tests margins

Havells India (ISIN INE176B01034) reported consolidated second-quarter fiscal 2027 revenue of INR 64.32 billion, up 34.57 percent year over year, on October 22, 2026. According to Business Standard, consolidated net income rose 9.72 percent to INR 3.49 billion from INR 3.18 billion in the year-earlier quarter.

Revenue growth broadens

The result showed strong expansion across Havells' main operating lines. Cables revenue rose 47.90 percent to INR 29.99 billion, while switchgear revenue increased 31.30 percent to INR 7.82 billion in the second quarter of fiscal 2027, according to Business Standard.

The electrical consumer durables business generated INR 10.72 billion, up from INR 9.69 billion in the comparable quarter. Renewables revenue more than doubled to INR 3.29 billion, while Lloyd Consumer revenue reached INR 6.19 billion, up 28.40 percent year over year, ETManufacturing reported on October 22, 2026.

What does cable growth mean?

Cables were the clearest numerical driver of the quarter, but the comparison also highlights the importance of cost control. Havells' total expenses rose 34.47 percent year over year to INR 59.92 billion in the September quarter, so the revenue increase did not translate into an equally large earnings gain.

Three dates shape the setup

On October 4, 2026, BofA Securities listed a Sell rating and an INR 1,100.00 target after INR 1,177.00. On October 7, 2026, HSBC listed a Buy rating with an INR 1,400.00 target after INR 1,550.00. Both entries appear in the dated analyst table from Investing.com. The current event came on October 22, 2026, when Havells released its second-quarter figures.

Stock context after results

Havells India closed at INR 1,075.60 on the BSE on October 22, 2026, up 0.42 percent from the previous close. The market capitalization was INR 673.4 billion as of October 22, 2026, while the 52-week range was INR 1,015.10 to INR 1,516.60.