Havells India Ltd. reported higher than projected consolidated net profit for the quarter ended March 31, 2026. Shares rose after the results.
Growth in revenue and operating income was muted as stocking of cooling products was impacted by milder start to the summer season.
Havells India (Consolidated, YoY)
- Revenue up 2.5% at Rs 6,705 crore versus Rs 6,544 crore (Bloomberg estimate: Rs 7,207 crore)
- EBITDA down 3.6% at Rs 729 crore versus Rs 757 crore (Bloomberg estimate: Rs 668 crore)
- Margin at 10.9% versus 11.6% (Bloomberg estimate: 10.2%)
- Net Profit up 40% at Rs 723 crore versus Rs 518 crore (Bloomberg estimate: Rs 467 crore)
Income from the cables segment grew by 14% to Rs 2,474 crore, compared with Rs 2,169 crore in the same period last year. The switchgears business recorded a year‑on‑year growth of 6%.
The lighting and fixtures segment posted modest growth of 1.5%. In contrast, the consumer durables segment reported a decline of 2%. Lloyd Consumer, the company's cooling and appliances arm, saw a sharper contraction, with revenue declining by 18.8% due to a strong base in the corresponding period last year and delay in summers.
Follow Q4 Results Live Updates
Havells India Dividend
The board recommended a final dividend of Rs 6 per equity share for the financial year 2025-26. This is in addition to the interim dividend declared during the FY26 for an amount of Rs 4 per share.
The final dividend, if approved by the shareholders in the forthcoming Annual General Meeting (AGM), shall be paid/ dispatched to the shareholders on or before 30 days from the date of AGM.
Havells India Share Price Movement
Shares of Havells India rose as much as 2.9% on the NSE, compared to a 0.7% decline in the benchmark Nifty 50. The stock is down 17% in the last 12 months and 3% year-to-date.
ALSO READ: Trent Q4 Preview: Margin Expansion Seen As Store Expansion Drives Sales
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
