Havells India posted a 14% YoY drop in Q1 profit as weak summer demand hit Lloyd sales. Revenue fell 6% to ₹5,438 crore. Still, Analysts remain cautiously optimistic, citing strength in cables and switchgear. Analysts see ₹1,478 as key support; a breakout above ₹1,645 may trigger a medium-term rally. Strategic bets like Goldi Solar boost long-term sentiment.