Havells India Limited is a leading consumer electrical and power distribution equipment manufacturer, offering a diverse range of products including switchgears, cables, motors, pumps, and various household appliances.

The company saw a year-on-year net revenue growth of 5.2% in Q2 FY26, with significant growth in segments like cables, which grew by 12.4%, driven by strong demand for power cables.

Havells recently acquired a land parcel in Alwar, Rajasthan to expand its cable manufacturing capacity, reflecting its strategic focus on capacity expansion in high-demand segments.

A key challenge arose with the Lloyd brand, where higher channel inventory overhang and GST changes led to an 18.5% decline in revenue in Q2 FY26 compared to the previous year.

The company is navigating macroeconomic challenges and maintaining strategic investments to bolster brand presence while focusing on consumer offtake to address elevated working capital levels.