NSE: HAVELLS · 23 October 2026
- Havells India Limited shares fell 3.91% on October 23, 2026, closing at ₹1,031.00 after moving between a day's high of ₹1,091.00 and a low of ₹1,002.80.
- Havells India Limited reported its unaudited financial results for the quarter and half-year ended September 30, 2026. Net revenue for the second quarter grew 34.6% year-on-year to ₹6,417 crores, driven by strong performance across categories including a 47.9% surge in cables and a 147.8% jump in renewables. Net profit stood at ₹353 crores, reflecting an 11.1% increase compared to the same period last year.
- Trading volume was 3.40 times the 20-day average daily volume.
Why is Havells India share price falling on 23 October 2026?
Havells India Limited shares fell 3.91% on October 23, 2026, closing at ₹1,031.00 after moving between a day's high of ₹1,091.00 and a low of ₹1,002.80.
The broader Nifty declined by 0.39% during the session, reflecting modest market weakness. Havells underperformed the wider benchmark amid an ongoing 5-day negative return of 7.62%, indicating broader selling pressure across its recent trading range.
The downward price action follows the company's release of its financial results for the quarter ended September 30, 2026, filed on October 22, 2026. While net revenue grew 34.6% year-on-year to ₹6,417 crores and EBITDA rose 30.5% to ₹576 crores, contribution margins faced headwinds in the cables segment due to fluctuating aluminium prices, and profit before tax growth was moderated by a high base from the previous year's asset sale.
28.48 lakh shares traded by 23 October 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 8.37 lakh shares (3.40 times). The five-day average daily volume was 8.08 lakh shares. Separately, the NSE report for 23 October 2026 showed 10.36 lakh shares delivered, representing 36.36% of that day’s traded volume. The same report recorded 87,682 trades.
The stock decline aligns with investor digestion of Q2 FY27 results reported on October 22, 2026, where strong revenue growth was accompanied by softer contribution margins in the cables segment due to aluminium price volatility and a higher base from previous year other income.
Latest Company Developments
Havells India Limited reported its unaudited financial results for the quarter and half-year ended September 30, 2026. Net revenue for the second quarter grew 34.6% year-on-year to ₹6,417 crores, driven by strong performance across categories including a 47.9% surge in cables and a 147.8% jump in renewables. Net profit stood at ₹353 crores, reflecting an 11.1% increase compared to the same period last year.
Quarterly earnings updates provide direct visibility into top-line expansion, margin trends across key manufacturing segments, and overall profitability against prevailing market expectations.
The company announced the appointment of Mr. Yudhishter Shringi as Executive Vice President and SBU Head, effective October 12, 2026. Mr. Shringi brings over 23 years of experience in sales, business operations, P&L growth, and channel management from prior leadership roles at prominent consumer and industrial companies.
Leadership additions in key business units influence strategic execution and operational focus within consumer and industrial electrical segments.
CARE Ratings reviewed and reaffirmed the long-term bank facilities at CARE AAA with a Stable outlook, alongside reaffirming short-term bank facilities and commercial paper at CARE A1+. The rating assessment incorporated the operational and financial performance of the company through fiscal 2026 and the first quarter of fiscal 2027.
Maintained top-tier credit ratings validate the company's financial strength, liquidity position, and debt-servicing capability.
Havells India Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.
Havells India Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 9.46% on 30 September 2026. This compares with 7.86% on 30 June 2026, a change of +1.60 percentage points.
The filing reported 32 MF/UTI holders.
What to Watch Next
- Execution of cable capacity additions and allocation of projected ₹1,400 crore full-year capital expenditure
- Demand trajectory and margin stabilization in the Lloyd Consumer segment
- Input cost trends in aluminium and copper impacting cable contribution margins
- Delivery volume trends and institutional participation following heavy trading turnover
Other Dated Coverage
- Havells India Share Price Today: Why HAVELLS Is Rising 0.13% | 22 October 2026 — 22 October 2026
- Havells India Share Price Today: Why HAVELLS Is Rising 2.95% | 14 October 2026 — 14 October 2026
- Havells India in Focus After Appointing New Executive VP; What to Watch | 13 October 2026 — 13 October 2026
More Havells India news and dated analysis →
Frequently Asked Questions
What is the latest Havells India company news?
Havells India Limited reported its unaudited financial results for the quarter and half-year ended September 30, 2026. Net revenue for the second quarter grew 34.6% year-on-year to ₹6,417 crores, driven by strong performance across categories including a 47.9% surge in cables and a 147.8% jump in renewables. Net profit stood at ₹353 crores, reflecting an 11.1% increase compared to the same period last year.
How strong was Havells India’s trading volume?
28.48 lakh shares traded, 3.40 times the 20-day average daily volume. The price and volume data are dated 23 October 2026 · 03:30 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.