NSE: HAVELLS | BSE: 517354

Falling Comet

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1174.60 31.40 (2.75%)

High vol. this week

NSE 02 Jun, 2026 3:31 PM (IST)

73,640.6

Market Cap

Market Runner Up

Beta 1Year

High Volatility

Havells India Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for HAVELLS, BSE:517354 Havells India Ltd.

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Havells India Ltd.

29 Apr 2026

1174.60

2.75%

HAVELLS INDIA LTD

Buy: Havells India Ltd.

Target

Geojit BNP Paribas

We have revised down FY27E EPS by 12.5% considering a gradual pass through of higher costs; however, earnings are expected to recover over the coming quarters, supported by strong summer demand....

Havells India Ltd. has an average target of 1576.17 from 6 brokers.

Havells India Ltd.

23 Apr 2026

1174.60

2.75%

Multiple transitory issues in FY26; price hikes and favourable base to drive growth in FY27

Buy: Havells India Ltd.

Target

ICICI Securities Limited

Transitory issues in FY26 were loss of volumes of summer products due to muted summer and prolonged monsoon. Changes in BEE norms in RAC and fans and ~40% inflation in copper and aluminium.

Havells India Ltd. average weekly volume is high.

Havells India Ltd.

22 Apr 2026

1174.60

2.75%

Strong C&W momentum; ECD and Lloyd remain subdued

Neutral: Havells India Ltd.

Target

Motilal Oswal

Havells India’s (HAVL) 4QFY26 earnings were above our estimate due to higher margins in the cable & wire (C&W) and lighting segments. Consol. EBITDA declined ~4% YoY to INR7.3b (+26% vs. our estimate).

Havells India Ltd. average weekly volume is high.

Havells India Ltd.

04 Mar 2026

1174.60

2.75%

Short-term softness, medium-term recovery expected

Neutral: Havells India Ltd.

Target

Motilal Oswal

Our recent interaction with Havells India’s (HAVL) management indicated that: in C&W, raw material inflation remains a headwind, and margins are likely to contract QoQ as the benefit of lower-cost inventory unwinds in 4Q.

Number of FII/FPI investors decreased from 797 to 768 in Mar 2026 qtr

Havells India Ltd.

19 Jan 2026

1174.60

2.75%

Strong growth in ECD and C&W; Lloyd weak

Neutral: Havells India Ltd.

Target

Motilal Oswal

Havells India’s (HAVL) 3QFY26 earnings were below our estimate due to the weak performance of Lloyd and lower margins in the cable & wire (C&W) and lighting segments.

Number of FII/FPI investors decreased from 797 to 768 in Mar 2026 qtr

Havells India Ltd.

19 Jan 2026

1174.60

2.75%

Havells India (HOLD): W&C outperformed, Lloyd performance signals recovery

Hold: Havells India Ltd.

Target

BOB Capital Markets Ltd.

Broadly in line performance, robust C&W growth (+33% YoY) was offset by weakness in Lloyd (-6% YoY) and Lighting (-4% YoY)

Havells India Ltd. has an average target of 1576.17 from 6 brokers.

Havells India Ltd.

17 Dec 2025

1174.60

2.75%

Short-term softness; medium-term opportunities building

Buy: Havells India Ltd.

Target

ICICI Securities Limited

We remain positive on Havells although the near-term outlook is likely to be soft due to weak demand for air conditioners and potential impact on earnings due to change in BEE norms in Jan’26 in fans and air conditioners.

Number of FII/FPI investors decreased from 797 to 768 in Mar 2026 qtr

Havells India Ltd.

25 Oct 2025

1174.60

2.75%

Inventory overhang disrupts Q2, recovery in H2; maintaining a Buy

Buy: Havells India Ltd.

Target

Anand Rathi

Affected by an 18% y/y drop in Lloyd (and 2% in ECD), though offset by 12% y/y growth in cables & wires and 8% in switchgear, Havells’ Q2 was weak. ECD and Lloyd were hit by softer seasonal demand but would recover from Q3 as inventories normalise and festival demand booms.