Havells India gain nearly 2% after Q2 results; brokerages split on outlook
Havells moved higher in a quarterly results development for FY27.
· Business Standard Mkts
The company reported a 9.72 per cent year-on-year increase in consolidated net profit to ₹349.22 crore in the September quarter of FY27, helped by revenue growth.
Key facts
- Period
- FY27
The analysis
Havells reported ₹349.22 crore for FY27, with movement of 2% and 9.72% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -0.6% on the day at ₹1,013.80, and has returned -19.6% over three months. It sits 33% below its 52-week high, which means a good deal of bad news was already in the price. The consumer durables sector has moved -12.4% over the same period, so Havells is running 7.2 points behind its peers.
For Havells, the question is how much of this is already reflected in the price and how much re-rates the consumer durables peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: Havells (HAVELLS), in Consumer Durables.
- Over three months: Havells -19.6% against Consumer Durables -12.4% (7.2 points behind).
- At least 25% below the 52-week high: Havells (33%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| HavellsHAVELLS · Consumer Durables | ₹1,013.80 | -0.6% | -0.2% | -19.6% | -32.7% | 0.6× | — |
Consumer Durables
1M -5.5% · 3M -12.4%
Havells
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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