Havells’ Lloyd to be Profitable by FY-26 – says Anil Rail Gupta, CMD

Havells India acquired Lloyd in 2017 to expand its consumer durables business. Despite the fact that Havells’ segmental quarterly revenue from Lloyd has shown general growth, the Lloyd vertical has not been profitable for the company. In Q3 of FY-25, Havells suffered a loss of Rs. 36.12 crore on account of Lloyd. Considering FY-24, Havells reported a loss of Rs. 166.96 crore from its Lloyd segment. In an interview Mr. Anil Rai Gupta, Chairman and Managing Director of Havells India Ltd. said that the company’s Lloyd business is expected to be profitable by FY-26.

Mr. Gupta said about the company’s Lloyd segment “FY26 looks promising for both growth and profitability”. Seeking to make its consumer durables business more profitable, Havells will be setting up a Rs. 480 crore refrigerator manufacturing plant in Ghlioth, Rajasthan. This plant is expected to manufacture about 14 lakh units per year. The company will fund the development of this plant through its internal accruals.

Havells India’s refrigerator manufacturing plant is expected to commence operations by Q2 of FY-27.

The company recently published its Q3 FY-25 financials, which showed that Havells reported a revenue of Rs. 4,888.98 crore and a Profit After Tax (PAT) of Rs. 277.96 crore.