Revenue distribution by sectors:

• Electrical products: 40%
• Lighting solutions: 25%
• Cables and wires: 20%
• Consumer electronics: 15%

TOP 3 markets and their percentage shares:

• India: 70%
• Middle East: 15%
• Southeast Asia: 10%

Havells India Limited generates the majority of its revenue from the sale of electrical products, followed by lighting solutions and cables. The Indian market is the main revenue driver, attributed to the company's strong presence and brand awareness domestically. The Middle East and Southeast Asia are also significant markets that have been tapped into through strategic expansions and partnerships.

Production sites of Havells India Limited:

1. Haridwar, Uttarakhand
2. Baddi, Himachal Pradesh
3. Neemrana, Rajasthan
4. Faridabad, Haryana
5. Alwar, Rajasthan
6. Ghiloth, Rajasthan

Havells India Limited operates multiple production facilities in India, strategically located in different states. These sites enable the company to produce efficiently and optimize logistics costs. The plants specialize in manufacturing various products, including electrical appliances, lighting solutions, and cables. By distributing the production sites, Havells can cater to both domestic demand and expand its export capabilities.

Revenue Growth: Estimated 10-12% annually (2025)

Havells India Limited is pursuing a multi-pronged growth strategy based on innovation, expansion, and digitalization. The company is heavily investing in research and development to introduce new and energy-efficient products to the market that align with current trends and consumer needs.

Another focus is on geographical expansion, both within India and internationally. Havells plans to strengthen its presence in rural areas of India while also tapping into new markets in Asia and Africa.

Additionally, Havells is prioritizing the digitalization of its business processes and expanding its e-commerce channel to enhance customer experience and increase efficiency. These measures are intended to enable the company to flexibly respond to changing market conditions and ensure sustainable growth.

Main Imported Raw Materials:

• Copper
• Aluminum
• Plastic Granules

Main Importing Countries:

• Chile (Copper)
• Australia (Aluminum)
• Saudi Arabia (Plastic Granules)

Havells India Limited imports essential raw materials such as copper and aluminum, which are needed for the manufacturing of electrical devices and cables. Copper is mainly sourced from Chile, one of the world's largest copper producers. Aluminum is often imported from Australia, known for its extensive bauxite reserves.

In addition, plastic granules used for the production of cable insulation and other plastic parts are imported from countries like Saudi Arabia, which has a strong petrochemical industry. These import strategies help Havells optimize material costs and ensure the quality of their products.

Market share in the electrical industry: 20% (estimated, 2025)
Revenue growth: 10% (estimated, 2025)
EBITDA margin: 14% (2024)

Havells India Limited has a significant competitive advantage in the electrical industry, especially in the area of electrical consumer goods. The company benefits from strong brand recognition and a wide product portfolio ranging from lighting solutions to household appliances.

Another advantage is its well-established distribution network, covering both urban and rural areas. This allows Havells to reach a broad customer base and secure market share.

Furthermore, Havells continuously invests in research and development to bring innovative products to the market. This not only strengthens its competitive position but also contributes to stable revenue growth. The EBITDA margin of 14% indicates that the company operates efficiently and is able to optimize its cost structure.

Institutional Investor Share: approximately 30% (2025, estimated)

Insider Purchases/Sales: No significant transactions in the last year (2024)

The institutional investor share in Havells India Limited is around 30%, indicating a stable trust of institutional investors in the company's long-term performance. These investors play a crucial role in the stability and growth of the company.

Regarding insider purchases or sales, there were no significant transactions in the last year. This could suggest that the management and other insiders are satisfied with the current company strategy and see no need to change their positions.

Market share of Havells India Limited: Estimated 15% (2025)

Top competitors and their market shares:

1. Schneider Electric: Estimated 18% (2025)
2. Legrand: Estimated 12% (2025)
3. Siemens: Estimated 10% (2025)
4. ABB: Estimated 8% (2025)
5. Bajaj Electricals: Estimated 7% (2025)

Havells India Limited is a leading company in the electrical consumer goods sector and has secured a significant market share. Havells' market share is supported by its strong brand presence and a wide product portfolio.

Havells' moat lies in its brand recognition, extensive distribution network, and innovation in product development. These factors enable the company to differentiate itself from its competitors and maintain a loyal customer base.

Compared to its competitors, Schneider Electric has a stronger international footprint and a diversified product offering, which can be considered a significant moat. Legrand and Siemens also score points with technological innovation and a broad global network.

Overall, Havells has a solid moat, but they must continuously invest in innovation and expansion to defend their position against global giants.

Revenue Growth: 10.5% (2024) EBITDA Margin: 14.8% (2024) Net Income Growth: 9.2% (2024)

Havells India Limited recorded solid revenue growth of 10.5% in 2024, attributed to strong demand for their products and successful expansion into new markets. The EBITDA margin of 14.8% demonstrates an efficient cost structure and the company's ability to manage its operating costs effectively.

The net income growth of 9.2% indicates that Havells was able to not only increase revenue but also improve profitability. This is a positive sign for investors as it suggests sustainable business development.

Overall, Havells India Limited demonstrates strong operational performance and a healthy financial position. These factors, combined with market leadership in the electrical industry and continuous investments in innovation and expansion, make the stock a potentially attractive investment. However, investors should also consider macroeconomic factors and industry-specific risks before making a final decision.

Dividend Yield: 1.2% (2025, estimated)
Dividend History: Continuous payout over the last five years

Havells India Limited is known for its reliable dividend policy. The company has consistently paid dividends in recent years, indicating a stable financial performance and a solid cash flow position.

The dividend yield of approximately 1.2% in 2025 shows that the company regularly returns capital to its shareholders. This yield is in line with the industry and reflects a conservative but stable payout policy.

Havells has proven in the past that it is able to pay dividends even in economically challenging times, indicating strong operational efficiency and a robust business model. Analysts expect the company to continue this practice unless significant economic changes occur.