NSE: HAVELLS | BSE: 517354

Slowing Down Stock

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1096.50 7.60 (0.70%)

Near 52W Low of ₹1081.10

533.3K NSE+BSE Volume

NSE 23 Sep, 2026 3:31 PM (IST)

68,744.2

Market Cap

High in industry

Beta 1Year

Average 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.

19 Jul 2026

1096.50

0.70%

Higher ad-spend delays earnings recovery; maintain BUY

Buy: Havells India Ltd.

Target

Anand Rathi

Havells delivered a healthy performance in Q1FY27 with 19.5% y/y revenue growth, aided by robust performance in Cables & Wires (C&W) business and strong traction in Lloyd and Renewables.

Havells India Ltd. is trading below all available SMAs

Havells India Ltd.

17 Jul 2026

1096.50

0.70%

Weak performance as higher A&P spending hurts margins

Neutral: Havells India Ltd.

Target

Motilal Oswal

Havells India (HAVL) reported a weak performance in 1QFY27 due to a dip in switchgear revenue and margin contraction, led by higher A&P spending (4.4% of revenue vs. 2.6% in 1QFY26/4QFY26, each) and higher raw material costs.

Number of FII/FPI investors decreased from 768 to 733 in Jun 2026 qtr

Havells India Ltd.

29 Apr 2026

1096.50

0.70%

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 1499.33 from 6 brokers.

Havells India Ltd.

23 Apr 2026, 12:00AM

1096.50

0.70%

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. is trading below all available SMAs

Havells India Ltd.

22 Apr 2026, 12:00AM

1096.50

0.70%

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. is trading below all available SMAs

Havells India Ltd.

04 Mar 2026

1096.50

0.70%

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 768 to 733 in Jun 2026 qtr

Havells India Ltd.

19 Jan 2026

1096.50

0.70%

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 768 to 733 in Jun 2026 qtr

Havells India Ltd.

19 Jan 2026

1096.50

0.70%

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 1499.33 from 6 brokers.

Havells India Ltd.

17 Dec 2025

1096.50

0.70%

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 768 to 733 in Jun 2026 qtr

Havells India Ltd.

25 Oct 2025

1096.50

0.70%

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.

Havells India Ltd. is trading below all available SMAs

Is Havells India Ltd. worth buying?

430 Votes:

Buy 73.26%

Sell 16.98%

Hold 9.77%

RESEARCH REPORTS

Buy SEE REPORTS >

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Neutral SEE REPORTS >

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