HAVELLS Q2: STRONG GROWTH ACROSS ALL CATEGORIES; CABLE MARGINS UNDER PRESSURE

• Business Growth: Delivered strong performance with growth across all product categories • Demand Outlook: Consumer demand remained steady despite elevated inflation • Cable Margins: Decline in aluminium prices during Q2 weighed on cable contribution margins, leading to YoY margin pressure • Other Segments: Margins remained stable as calibrated price hikes offset raw material inflation • EBITDA Growth: Healthy EBITDA growth supported by operating leverage despite softer contribution margins • PBT Growth: Growth moderated due to high base, as Q2 FY26 included a one-time gain of ₹45.27 Cr from the sale of the Faridabad facility

HAVELLS INDIA LIMITED

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