Havells India Ltd (HIL) has announced its financial results for the first quarter ended June 30, 2018. Commenting on the financial performance, Anil Rai Gupta, the company’s chairman and MD has said, “Havells has registered growth across verticals which is gratifying and encouraging. Whilst partially aided by lower base for LY, we hope to sustain the growth for rest of the year.”
HIL’s switchgear business grew by 19% (26 % adjusted for excise) to Rs 404 crore in Q1 FY19 as compared to Rs 339 crore in Q1 FY18. Its lighting and fixtures business (ex-EESL) grew by 25% to Rs 257 crore in Q1 FY19 as compared to Rs 205 crore in Q1 FY18. The company’s cable business grew by 18 % to Rs 750 crore in Q1 FY19 as compared to Rs 636 crore in Q1 FY18. Its electrical consumer durables grew by 33% (43% adjusted for excise) to Rs 476 crore in Q1 FY19 as compared to Rs 358 crore in Q1 FY18.