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Havells India Ltd, a leading force in the electrical goods sector, is set for a transformative leap with a planned investment ranging from ₹70 to ₹100 million, targeting business expansion and technological innovation. The company’s aggressive strategy includes a significant push into the burgeoning Electric Vehicle Supply Equipment (EVSE) market, with the launch of its own EV chargers expected within the next six months.
Key Highlights:
Strategic EVSE Entry: Havells will debut a comprehensive suite of AC and DC EV chargers, initially focusing on the B2B segment—automakers, charging infrastructure developers, and real estate players—before expanding to retail consumers. This move positions Havells to capitalize on India’s rapidly growing EV ecosystem, especially as global giants like Tesla eye the market.
Robust Investment Pipeline: For FY25, Havells has earmarked ₹10 billion (₹1,000 crore) to boost production capabilities, expand into AC compressor manufacturing, and enhance its reach in rural markets. This is part of a broader ₹2,600 crore investment plan over the next two years, which also includes a strong push in renewable energy and capacity expansion in cables and wires.
Tech-Driven Growth: The company is rolling out IoT-enabled household devices, allowing consumers to monitor and control energy usage via mobile apps. Over 2% of turnover is being invested in R&D, underlining Havells’ commitment to innovation.
Financial Momentum: Havells reported a 16% YoY rise in Q4 FY25 net profit to ₹518 crore, with revenue surging 20% to ₹6,543 crore. The board has recommended a final dividend of ₹6 per share, reflecting strong shareholder confidence.
Market Outlook: Havells’ expansion is buoyed by robust demand in residential and infrastructure sectors, a premiumization trend, and a strong distribution network, setting the stage for sustained growth.
With these bold moves, Havells India is not just electrifying its business but is also charging ahead to shape the future of smart, sustainable energy solutions in India.
Sources: Business Today, NDTV Profit, CNBC-TV18, IPF Online
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