Havells India Q4 earnings: Net profit soars 40% YoY to ₹723 crore; ₹6/share dividend declared

Havells India Q4 results: Havells India on Wednesday, April 22, reported a 39.63% year-on-year (YoY) surge in its consolidated net profit to ₹723.06 crore for the fourth quarter of the 2025-26 financial year (Q4 FY26).

In the corresponding period of the previous fiscal year, it logged a profit of ₹517.83 crore, according to a regulatory filing.

Its revenue from operations jumped 2.47% YoY to ₹6,705.20 crore during the quarter under review, as against ₹6,543.56 crore in the March quarter of the 2024-25 fiscal year (Q4 FY25).

At an operational level, its EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit, stood at ₹729 crore for the March FY26 quarter, reflecting a 3.6% YoY decline from ₹757 crore in the year-ago period.

Its EBITDA margin contracted to 10.9% for the reporting quarter, from 11.6% in Q4 FY25.

Chairman and Managing Director Anil Rai Gupta said, "Momentum in industrial and infrastructure-led categories remained strong. However, lower channel stocking in cooling products due to a milder start to the season impacted overall performance. We remain optimistic about a revival in summer demand, while closely monitoring inflation trends and consumer sentiment."

Key highlights

• During the quarter, Havells also reported a gain of ₹283 crore from Goldi Solar, in which the Noida-headquartered firm has invested ₹600 crore.

• Following this, Havells' total income rose 5.88% to ₹7,001.45 crore in the fourth quarter.

• Havells' total expenses increased 3.14% to ₹6,097.41 crore year-on-year.

• In the March quarter, Havells' revenue from the Switchgears segment increased 6.4% to ₹736 crore.

• Its revenue from cables surged 14% to ₹2,474 crore in the March quarter.

• However, Havells’ revenue from lighting and fixtures was flat at ₹438 crore in Q4 FY26. Electrical consumer durables (ECD) slipped 2% to ₹976 crore in the fourth quarter of FY26.

• Its revenue from Lloyd Consumer, which Havells acquired in 2017, declined 19% to ₹1,514 crore.

Final dividend declared

Havells India’s board of directors also recommended a final dividend of ₹6 per equity share with a face value of ₹1 each, i.e., at a rate of 600% for the FY26.

This was in addition to the interim dividend it declared during the FY26 for an amount of ₹4 per share.

“The Final Dividend, if approved by the shareholders in the forthcoming Annual General Meeting (AGM) of the Company, shall be paid/ dispatched to the shareholders on or before 30 days from the date of AGM,” the regulatory filing read.

Havells India has a total market capitalisation of ₹86,555.17 crore as of April 22, 2026, according to data on the NSE.