Corporate identity
Building world-class products
At Havells, we offer innovative FMEG products manufactured at our 14 state-of the art facilities across India, backed by our robust R&D capabilities, well-penetrated distribution network and strong brand recall. Over the years, we have established a strong presence in the domestic electrical appliances and equipment market, which is being bolstered by increasing penetration in the rural markets.
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Performance highlights
Resilience amid
challenges
We delivered significant revenue growth, despite facing multiple headwinds such as rising raw material costs and subdued demand. Our margins however were impacted, as we could not fully pass on the increased input cost to the consumer.
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ESG Ratings
DJSI
7th Rank Globally
CRISIL Rating
Strong
MSCI
ESG Rating
ESG Rating history
Sustainalytics
ESG Risk Rating Comprehensive*
21.7 Medium Risk
*Sustainalytics classifies a company as a part of its comprehensive universe or core universe primarily by its market capitalisation as well as its inclusion in major global and regional indexes. Sustainalytics' Core Framework covers 20-30 management indicators, whereas its Comprehensive Framework covers over 70 management indicators
FTSE4GOOD Index
Member
Chairman and Managing Director’s message
Delivering delightful experiences
Havells has strong brand salience in urban markets, and is expanding its footprint deeper into India. As electrification and income levels improve in rural markets, we are ready with an organised rural distribution network, with a unique product portfolio, suitable for these markets. 
Anil Rai Gupta Chairman and Managing Director
Material topics
Mapping our priorities
We conducted a materiality assessment exercise to identify the topics most critical to value creation while better understanding our obligations towards our stakeholders.
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EClimate Strategy & Action
SHuman capital development
GGovernance and ethical business conduct
EWater and air quality
SOccupational health and safety
EProduct stewardship
ECircular economy and waste management
GInnovation R&D
GCapacity Utilisation & Market Presence
GDistribution Network & Channels
GSustainable sourcing and vendor management
SHuman rights and CSR
SResponsible digitalisation & technology use
GCustomer and other stakeholders’ delight
GBrand Integrity & Salience
ESG materiality assessment process FY 2021-22
A universe of material topics was shortlisted, each of which were assigned a framework score, industry score, survey score, risk score and management score. The frameworks considered included Business Responsibility and Sustainability Report (BRSR), Global Reporting
Initiative (GRI), Sustainability Accounting Standards Board (SASB), Dow Jones Sustainability Indices (DJSI), Morgan Stanley Capital International (MSCI) & Sustainalytics. To arrive at the industry score, international and Indian companies in the electrical equipment and
appliances space were considered. An ESG materiality survey was rolled out to 100+ participants, including the management and senior leadership team.
Five-step methodology
Rank
- Issues were ranked according to importance based on management and employee surveys
- 100+ responses received from participants
Identify
- Used ESG frameworks and standards, ESG ratings, and peer benchmarking to recognise potentially relevant issues
Strategise
- Incorporate these factors on the broader business strategy
- Communicate the new strategy to all relevant stakeholders
Score
- Fresh ranking of issues based on the weighted average score achieved by each issue
- Separate score assigned to each material issue based on the response
Manage
- Recognise significant environmental, social and governance risks and opportunities for Havells
- Determine areas for target setting to improve business and sustainability performance
The value creation story
Our performance
We have designed our business model to realise our vision to provide superior electrical and consumer durable products, while staying anchored to our core values. Keeping customers at the heart, we strive to deploy our financial and non-financial capitals optimally to maximise value creation for all our stakeholders.
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Strategic levers
Making Havells omnipresent
At Havells, we have outlined eight strategic levers to ensure our presence across the entire value chain and penetrate more markets.
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Mitigating external challenges
We have put in place a robust risk Intregated Risk Management Framework, aligned with the internationally accepted framework issued by the Committee of Sponsoring Organisations of the Treadway Commission (COSO).
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Aligning interests and expectations
Our engagement initiatives are guided by the principles of inclusivity, materiality and responsiveness, resulting in actionable insights that feed into our strategies.
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