• Sales of Switch Gear segment has gone up 1.22% to Rs 520.58 crore (accounting for 11.79% of total sales).  Sales of Cable and Wire segment has gone up 11.37% to Rs 1,572.69 crore (accounting for 35.63% of total sales).  Sales of Electrical Consumer Durables segment rose 2.76% to Rs 961.53 crore (accounting for 21.78% of total sales).  Sales of Lighting & Fixtures segment has gone up 2.44% to Rs 433.50 crore (accounting for 9.82% of total sales).  Sales of Others segment has gone up 16.21% to Rs 269.46 crore (accounting for 6.10% of total sales).  Sales of Lloyd Consumer segment has gone up 7.50% to Rs 656.10 crore (accounting for 14.86% of total sales).  
• Profit before interest, tax and other unallocable items (PBIT) has slumped 3.86% to Rs 397.39 crore.  PBIT of Switch Gear segment fell 1.14% to Rs 125.60 crore (accounting for 31.61% of total PBIT).  PBIT of Cable and Wire segment rose 0.32% to Rs 163.28 crore (accounting for 41.09% of total PBIT).  PBIT of Electrical Consumer Durables segment fell 12.63% to Rs 107.30 crore (accounting for 27.00% of total PBIT).  PBIT of Lighting & Fixtures segment rose 14.68% to Rs 61.41 crore (accounting for 15.45% of total PBIT).  PBIT of Others segment fell 39.53% to Rs 4.36 crore (accounting for 1.10% of total PBIT).  PBIT of Lloyd Consumer segment fell 7.55% to Rs -64.56 crore (accounting for -16.25% of total PBIT).  
• PBIT margin of Switch Gear segment fell from 24.70% to 24.13%.  PBIT margin of Cable and Wire segment fell from 11.53% to 10.38%.  PBIT margin of Electrical Consumer Durables segment fell from 13.12% to 11.16%.  PBIT margin of Lighting & Fixtures segment rose from 12.65% to 14.17%.  PBIT margin of Others segment fell from 3.11% to 1.62%.  PBIT margin of Lloyd Consumer segment fell from negative 9.84% to negative 9.84%.  Overall PBIT margin fell from 10.01% to 9.00%.  

 For year-to-date (YTD) results analysis.

Consolidated net sales (including other operating income) of Havells India for the nine month ended Dec 2023   has increased 9.10% to Rs 13147.99 crore.  Sales of Switchgears segment has gone up 4.99% to Rs 1,595.03 crore (accounting for 12.13% of total sales).  Sales of Cable segment has gone up 14.22% to Rs 4,528.02 crore (accounting for 34.44% of total sales).  Sales of Electrical Consumer Durables segment rose 0.92% to Rs 2,572.11 crore (accounting for 19.56% of total sales).  Sales of Lighting & Fixtures segment has gone up 0.49% to Rs 1,204.45 crore (accounting for 9.16% of total sales).  Sales of Others segment has gone up 12.53% to Rs 783.96 crore (accounting for 5.96% of total sales).  Sales of Lloyd Consumer segment has gone up 16.03% to Rs 2,464.42 crore (accounting for 18.74% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has jumped 15.03% to Rs 1,195.25 crore.  PBIT of Switchgears segment rose 8.30% to Rs 416.35 crore (accounting for 34.83% of total PBIT).  PBIT of Cable segment rose 49.63% to Rs 502.98 crore (accounting for 42.08% of total PBIT).  PBIT of Electrical Consumer Durables segment fell 10.85% to Rs 287.82 crore (accounting for 24.08% of total PBIT).  PBIT of Lighting & Fixtures segment fell 0.50% to Rs 171.63 crore (accounting for 14.36% of total PBIT).  PBIT of Others segment fell 27.06% to Rs 17.12 crore (accounting for 1.43% of total PBIT).  PBIT of Lloyd Consumer segment fell 0.16% to Rs -200.65 crore (accounting for -16.79% of total PBIT).  

PBIT margin of Switchgears segment rose from 25.31% to 26.10%.  PBIT margin of Cable segment rose from 8.48% to 11.11%.  PBIT margin of Electrical Consumer Durables segment fell from 12.67% to 11.19%.  PBIT margin of Lighting & Fixtures segment fell from 14.39% to 14.25%.  PBIT margin of Others segment fell from 3.37% to 2.18%.  PBIT margin of Lloyd Consumer segment rose from negative 9.43% to negative 8.14%.  Overall PBIT margin rose from 8.62% to 9.09%.  

Operating profit margin has jumped from 8.90% to 9.19%, leading to 12.69% rise in operating profit to Rs 1,208.02 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 53.40% to 53.56%.   Purchase of finished goods cost fell from 17.25% to 14.25%.   Employee cost increased from 7.41% to 8.46%.   Other expenses rose from 13.50% to 14.55%.   Selling and administration expenses rose from 2.58% to 3.00%.   

Other income rose 32.22% to Rs 173.21 crore.  PBIDT rose 14.82% to Rs 1381.23 crore.  Provision for interest rose 17.30% to Rs 28 crore.  

PBDT rose 14.77% to Rs 1353.23 crore.  Provision for depreciation rose 12.06% to Rs 245.13 crore.  

Profit before tax grew 15.38% to Rs 1,108.10 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was expense of Rs 284.04 crore, compared to Rs 246.68 crore.  Effective tax rate was 25.63% compared to 25.69%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 15.46% to Rs 824.06 crore.  

Promoters’ stake was 59.43% as of 31 December 2023 ,compared to 59.45% as of 31 December 2022 .