Havells India Limited Overview
Pro stress-test →Havells India Limited is a leading Fast Moving Electrical Goods (FMEG) Company and a major power distribution equipment manufacturer with a strong global presence. The company operates through six segments: Switchgears, Cables, Lighting and Fixtures, Electrical Consumer Durables, Lloyd Consumer, and Others. The company has demonstrated strong operational momentum, particularly in its cable segment.
Strategic Profile
Pro stress-test →In Q3 FY '26, the company showcased robust performance, particularly in the cables sector, fueled by government infrastructure spending and a notable 14% revenue growth year-over-year. While the FMEG segment faced challenges from hypercompetition and weakened demand, management remains optimistic about long-term recovery and is strategically investing in renewable energy and export opportunities to mitigate domestic fluctuations.
Competitive Landscape
Pro stress-test →Havells competes in fragmented Indian electrical goods market against regional and national players. The company enjoys market dominance across a wide spectrum of products, including Industrial & Domestic Circuit Protection Devices, Cables & Wires, Motors, Fans, Modular Switches, Home Appliances, Air Conditioners, Electric Water Heaters, Power Capacitors, and Luminaires. Main competitors include Schneider Electric, L&T Electrical, Legrand, Anchor, Philips Lighting, and Daikin in consumer durables.
Industry Context
Havells India Limited operates in Electrical Equipment & Components Manufacturing.
Key facts
Founded: 1983 · Headquarters: New Delhi, India · Employees: Not disclosed · Revenue: ₹21,778 Cr (FY2025); ₹22,528 Cr (FY2026 estimated) · Market cap: ₹73,725.94 Cr (~$8.8B USD)