{"id":174620,"date":"2026-07-28T15:26:59","date_gmt":"2026-07-28T09:56:59","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=174620"},"modified":"2026-07-28T15:27:00","modified_gmt":"2026-07-28T09:57:00","slug":"havells-india-vs-polycab-india-comparison","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/havells-india-vs-polycab-india-comparison\/","title":{"rendered":"Havells India vs Polycab India: Which Stock Should You Track"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Havells India vs Polycab India: a leading FMEG and consumer electricals major vs India&#8217;s largest wires and cables manufacturer by revenue. Havells India sector: Electricals. Polycab India sector: E&#8230;<\/em><\/p>\n<p>Havells India vs Polycab India is a comparison investors search for because the two companies represent genuinely different positions within Electricals. This Havells India vs Polycab India breakdown goes beyond generic labels and looks at real numbers: reach, products, the latest results each company has declared, and how each stock is positioned today. Understanding Havells India vs Polycab India this way is more useful than a surface-level label, because it shows where each company actually stands rather than how it describes itself.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/havells-india-vs-polycab-india-comparison\/#Havells_India_vs_Polycab_India_Reach_and_Market_Position\" title=\"Havells India vs Polycab India: Reach and Market Position\">Havells India vs Polycab India: Reach and Market Position<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/havells-india-vs-polycab-india-comparison\/#Havells_India_vs_Polycab_India_Key_Products_and_Business_Mix\" title=\"Havells India vs Polycab India: Key Products and Business Mix\">Havells India vs Polycab India: Key Products and Business Mix<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/havells-india-vs-polycab-india-comparison\/#Havells_India_vs_Polycab_India_Latest_Results\" title=\"Havells India vs Polycab India: Latest Results\">Havells India vs Polycab India: Latest Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/havells-india-vs-polycab-india-comparison\/#Havells_India_vs_Polycab_India_Stock_and_Valuation\" title=\"Havells India vs Polycab India: Stock and Valuation\">Havells India vs Polycab India: Stock and Valuation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/havells-india-vs-polycab-india-comparison\/#Havells_India_vs_Polycab_India_Quick_Comparison_Table\" title=\"Havells India vs Polycab India: Quick Comparison Table\">Havells India vs Polycab India: Quick Comparison Table<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/havells-india-vs-polycab-india-comparison\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/havells-india-vs-polycab-india-comparison\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/havells-india-vs-polycab-india-comparison\/#What_is_the_main_difference_between_Havells_India_and_Polycab_India\" title=\"What is the main difference between Havells India and Polycab India?\">What is the main difference between Havells India and Polycab India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/havells-india-vs-polycab-india-comparison\/#How_do_Havells_India_and_Polycab_Indias_latest_results_compare\" title=\"How do Havells India and Polycab India&#8217;s latest results compare?\">How do Havells India and Polycab India&#8217;s latest results compare?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/havells-india-vs-polycab-india-comparison\/#What_sector_do_Havells_India_and_Polycab_India_operate_in\" title=\"What sector do Havells India and Polycab India operate in?\">What sector do Havells India and Polycab India operate in?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/havells-india-vs-polycab-india-comparison\/#Should_I_invest_in_Havells_India_or_Polycab_India\" title=\"Should I invest in Havells India or Polycab India?\">Should I invest in Havells India or Polycab India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/havells-india-vs-polycab-india-comparison\/#What_are_the_key_products_of_Havells_India\" title=\"What are the key products of Havells India?\">What are the key products of Havells India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/havells-india-vs-polycab-india-comparison\/#What_are_the_key_products_of_Polycab_India\" title=\"What are the key products of Polycab India?\">What are the key products of Polycab India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/havells-india-vs-polycab-india-comparison\/#How_do_Havells_India_and_Polycab_India_compare_on_market_position\" title=\"How do Havells India and Polycab India compare on market position?\">How do Havells India and Polycab India compare on market position?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Havells_India_vs_Polycab_India_Reach_and_Market_Position\"><\/span><strong>Havells India vs Polycab India: Reach and Market Position<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In the Havells India vs Polycab India comparison, Havells India stands out for a Fast Moving Electrical Goods (FMEG) major with a broad consumer and industrial distribution network across India. This scale gives Havells India a distinct position within Electricals that shapes how it competes.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=havells-india-vs-polycab-india-reach\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<p>Polycab India, on the other hand, is built around India&#8217;s leading manufacturer of electrical infrastructure, with a wires and cables business plus a fast-growing FMEG (fans, appliances, switches) segment. Comparing Havells India vs Polycab India on reach alone shows two different growth strategies, not a single verdict.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Havells_India_vs_Polycab_India_Key_Products_and_Business_Mix\"><\/span><strong>Havells India vs Polycab India: Key Products and Business Mix<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Havells India&#8217;s business runs on fans, cables and wires, switchgear, lighting, water heaters, and small domestic appliances (owns the Lloyd brand for air conditioners). This product mix is central to any Havells India vs Polycab India comparison, since it explains where each company&#8217;s revenue actually comes from.<\/p>\n<p>Polycab India instead leans on wires and cables, fans, switches, LED lighting, solar products and other FMEG appliances. The Havells India vs Polycab India product comparison shows these are genuinely different businesses, not just different brand names in the same category.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Havells_India_vs_Polycab_India_Latest_Results\"><\/span><strong>Havells India vs Polycab India: Latest Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Looking at real numbers rather than claims, Havells India&#8217;s latest disclosed results show Q1 FY27 consolidated net profit of Rs 289.71 crore, down 16.6% YoY on higher ad spend and input costs, even as revenue grew about 19% YoY to around Rs 6,518-6,572 crore. This is the clearest evidence available for the Havells India vs Polycab India comparison on Havells India&#8217;s side.<\/p>\n<p>Polycab India&#8217;s latest disclosed results show Q1 FY27 consolidated net profit of Rs 796.65 crore, up 32.8% YoY, on record revenue of Rs 8,209.73 crore, up 39% YoY, driven by strong wires and cables plus solar-led FMEG growth. Weighing Havells India vs Polycab India on actual results, rather than headline positioning, is what separates a useful comparison from a generic one.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Compare Havells India and Polycab India Fundamentals on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Havells_India_vs_Polycab_India_Stock_and_Valuation\"><\/span><strong>Havells India vs Polycab India: Stock and Valuation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On the market side, Havells India is described as: Stock down about 16-22% over the past year despite the revenue growth. Polycab India is described as: Delivered one of the strongest results in the electricals sector this quarter. The Havells India vs Polycab India valuation gap often reflects how the market is pricing each company&#8217;s growth and risk profile differently.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Havells_India_vs_Polycab_India_Quick_Comparison_Table\"><\/span><strong>Havells India vs Polycab India: Quick Comparison Table<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<tbody>\n<tr>\n<th>Parameter<\/th>\n<th><a href=\"https:\/\/univest.in\/stocks\/havells\/havells-india-ltd-share-price-today\">Havells India<\/a><\/th>\n<th><a href=\"https:\/\/univest.in\/stocks\/polycab\/polycab-india-ltd-share-price-today\">Polycab India<\/a><\/th>\n<\/tr>\n<tr>\n<td>Sector<\/td>\n<td>Electricals<\/td>\n<td>Electricals<\/td>\n<\/tr>\n<tr>\n<td>Market position<\/td>\n<td>a leading FMEG and consumer electricals major<\/td>\n<td>India&#8217;s largest wires and cables manufacturer by revenue<\/td>\n<\/tr>\n<tr>\n<td>Reach<\/td>\n<td>a Fast Moving Electrical Goods (FMEG) major with a broad consumer and industrial distribut<\/td>\n<td>India&#8217;s leading manufacturer of electrical infrastructure, with a wires and cables busines<\/td>\n<\/tr>\n<tr>\n<td>Latest results<\/td>\n<td>Q1 FY27 consolidated net profit of Rs 289.71 crore, down 16.6% YoY on higher ad spend and input cost<\/td>\n<td>Q1 FY27 consolidated net profit of Rs 796.65 crore, up 32.8% YoY, on record revenue of Rs 8,209.73 c<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Havells India vs Polycab India ultimately comes down to two companies solving similar problems in different ways. Havells India brings a leading FMEG and consumer electricals major, while Polycab India brings India&#8217;s largest wires and cables manufacturer by revenue. Investors weighing Havells India vs Polycab India should track both companies&#8217; upcoming results and valuation gap rather than picking a side on reputation alone. This Havells India vs Polycab India breakdown is a starting point, not a final verdict.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"https:\/\/apps.apple.com\/in\/app\/univest\/id1543832872\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.univest.android\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Havells India and Polycab India live price and get daily stock recommendations.<\/em><\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information, including company results filings and exchange data, and are current as of the time of writing. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_main_difference_between_Havells_India_and_Polycab_India\"><\/span><strong>What is the main difference between Havells India and Polycab India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main difference in the Havells India vs Polycab India comparison lies in scale and business mix. Havells India is built on a leading FMEG and consumer electricals major, while Polycab India is positioned around India&#8217;s largest wires and cables manufacturer by revenue.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_Havells_India_and_Polycab_Indias_latest_results_compare\"><\/span><strong>How do Havells India and Polycab India&#8217;s latest results compare?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Comparing Havells India vs Polycab India on latest disclosed results: Havells India reported Q1 FY27 consolidated net profit of Rs 289.71 crore, down 16.6% YoY on higher ad spend and input costs, even as revenue grew about 19% YoY to, while Polycab India reported Q1 FY27 consolidated net profit of Rs 796.65 crore, up 32.8% YoY, on record revenue of Rs 8,209.73 crore, up 39% YoY, driven by strong wires.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_sector_do_Havells_India_and_Polycab_India_operate_in\"><\/span><strong>What sector do Havells India and Polycab India operate in?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Havells India operates in Electricals and Polycab India operates in Electricals. Even where the sectors overlap, the Havells India vs Polycab India comparison shows different product mixes and market positions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_invest_in_Havells_India_or_Polycab_India\"><\/span><strong>Should I invest in Havells India or Polycab India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Both Havells India and Polycab India have distinct strengths within their space. Investors comparing Havells India vs Polycab India should review the latest quarterly results, valuation and their own risk profile, and consult a financial advisor before deciding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_key_products_of_Havells_India\"><\/span><strong>What are the key products of Havells India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Havells India&#8217;s key products and business lines include fans, cables and wires, switchgear, lighting, water heaters, and small domestic appliances (owns the Lloyd brand for air conditioners).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_key_products_of_Polycab_India\"><\/span><strong>What are the key products of Polycab India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Polycab India&#8217;s key products and business lines include wires and cables, fans, switches, LED lighting, solar products and other FMEG appliances.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_Havells_India_and_Polycab_India_compare_on_market_position\"><\/span><strong>How do Havells India and Polycab India compare on market position?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> On market position, Havells India holds a leading FMEG and consumer electricals major, while Polycab India holds India&#8217;s largest wires and cables manufacturer by revenue. The Havells India vs Polycab India comparison shows both companies lead in different ways rather than one being universally ahead.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Havells India vs Polycab India compared on reach, products, latest results and stock performance. 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