This leading FMEG company, which has its presence in fast-moving electrical goods (FMEG), surged 1.8 percent followed by a strategic investment in a solar energy company, to expand its business.
Price Movement
With a market capitalization of Rs 96,301 crore, the shares of Havells India Ltd made a 52-week high of Rs 2,106 per share, down by 27 percent from its current market price of Rs 1,535.60 per share.
About the announcement
Havells India Ltd. announced that it has approved an investment of Rs 600 crore in Goldi Solar Pvt Ltd to tap the ever-growing demand of India’s renewable sector. It also mentioned that the company’s investment is a part of the proposed fund raise by Goldi of up to Rs 1,300 crore, which is expected to be completed within the next 75 days. It will hold a stake of 8.90-9.24 percent, depending on the size of the total primary round, ranging between Rs 1,050-1,300 crore.
Quoting to its investment rationale, it added that though it has a strong brand position in residential rooftop and commercial and industrial (C&I) segments, to tap the increasing domestic reliance on modules, it has to establish its own manufacturing or strategically partner with a module manufacturer and this acquisition is a part of its strategic plan.
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About Goldi Solar Pvt Ltd
Goldi, a prominent solar energy player, has over 14 years of experience in solar module manufacturing. Goldi has rapidly scaled its production capacity from 2.9 GW in March 2024 to 10.7 GW by March 2025, with plans to add another 4 GW by July 2025, alongside the development of domestic cell manufacturing over the next 18 months.
On a consolidated basis, it reported audited revenues of Rs 1,757 crore in FY24 and an estimated Rs 3,420 crore in FY25, maintaining a historical EBITDA margin of 8–9 percent. This growth is underpinned by a strong order book for H1 FY26 and a healthy pipeline for H2 FY26.
Financial Highlights
The company reported a revenue of Rs 4,889 crore in Q3 FY25, up by 10.76 percent, from its Q3 FY24 revenue of Rs 4,414 crore. It posted a net profit of Rs 278 crore in Q3 FY25, down by 3 percent, from its Q3 FY24 net profit of Rs 288 crores and up by 3.7 percent from its Q2 FY25 net profit of Rs 268 crores.
About the Company
Havells India Limited is one of the market-leading fast-moving electrical goods (FMEG) players, having a strong Indian as well as international presence. It has an extensive portfolio of products, which includes switches, circuit breakers, distribution boards, lighting equipment, fans, pumps, motors, ACs, TVs, etc.
It also offers specialized solutions like solar power systems, reactive power solutions, and IoT-enabled energy devices. Havells sells its products under a portfolio of brands that include Havells, Lloyd, Crabtree, Standard, REO, and Havells Studio, and exports to about 70 countries.
Written by Satyajeet Mukherjee
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