New Delhi, July 22 -- Havells India Ltd's June quarter results (Q1FY26) disappointed the already-low expectations as unfavourable weather conditions failed to lift dull consumer spirits. Consolidated revenue declined 6% year-on-year to Rs.5,455 crore owing to a steep fall in demand for cooling products vis-a-vis a strong season last year.

Three of Havells' businesses - lighting & fixtures, electrical consumer durables (ECD) and Lloyd consumer products - saw a drop in their respective revenue and Ebit (earnings before interest and tax).

ECD revenue at Rs.907 crore fell 14%, the biggest drop excluding covid quarters, according to Nuvama Research. Unseasonal rains and a shorter summer season hurt demand for fans and air coolers.

Lighting ...