Brands
Havells FY26 profit rises to Rs 1,705 crore; revenue tops Rs 22,527 crore
Havells reports electrifying results: Board recommends 600 per cent final dividend
MUMBAI: Strong revenue growth and strategic board appointments highlight a stellar financial year 2025-26
Havells India Limited has concluded the financial year with a powerful performance, sparking a significant payday for its shareholders. Following a board meeting on 22nd April 2026, the electrical equipment major recommended a final dividend of Rs 6 per equity share (600 per cent). When combined with the interim dividend of Rs 4, the total payout for the year reaches an impressive Rs 10 per share.
The audited results for the year ended 31st March 2026 show a company operating at high capacity. Standalone revenue climbed to Rs 22,465.56 crores, up from Rs 21,745.81 crores in the previous year, while on a consolidated basis, revenue reached Rs 22,527.77 crores.
Standalone profit for the year surged to Rs 1,705.42 crores, compared to Rs 1,488.84 crores in FY25, reflecting strong earnings momentum.
The fourth quarter (Q4) contributed Rs 6,687.68 crores in revenue and a net profit of Rs 734.24 crores, underscoring a robust finish to the fiscal year.
Among business segments, the Cables division led the charge with Rs 8,676.70 crores in annual revenue, followed by Electrical Consumer Durables, which recorded Rs 3,874.12 crores.
The company is also refreshing its leadership circuit. Vivek Mehra, an independent director, has stepped down. In a personal letter to the board, Mehra explained that medical advice regarding the “acute pollution” in the National Capital Region (NCR) necessitated his move to the hills of Mukteshwar, making physical attendance at board meetings difficult.
To fill this vacancy, Havells has appointed Varun Berry, the former vice chairman and CEO of Britannia Industries, as an independent director for a five-year term. Furthermore, the board has re-appointed Namrata Kaul and Ashish Bharatram for their second five-year terms.
The year featured several high-value strategic moves. Havells made a substantial Rs 600 crore investment in Goldi Solar Private Limited as part of its renewable energy push.
Following a settlement with the HPL Group, the company secured absolute rights to its trademark, an asset now valued at Rs 129.60 crores. Additionally, the company accounted for a Rs 45.03 crore exceptional liability related to the implementation of New Labour Codes.
With Price Waterhouse & Co re-appointed as statutory auditors for another five-year tenure, Havells appears well-grounded for its next phase of expansion. For investors, the message is clear: the company’s growth trajectory remains as bright as ever.
Brands
Reliance Retail FY26 revenue rises 11.8 Per Cent to Rs 3.7 lakh crore
Q4 revenue up 11.1 Per Cent, hyperlocal orders surge 4x, PAT steady
MUMBAI: Reliance Retail isn’t just ringing up sales, it’s ringing doorbells faster than ever. Reliance Retail Ventures Limited (RRVL) reported a steady FY26 performance, with growth powered by store expansion, a sharp surge in hyperlocal commerce, and consistent traction across grocery, fashion and jewellery. For the full year, revenue rose 11.8 per cent year-on-year to Rs 3,70,026 crore. In the January–March quarter, revenue from operations climbed 11.1 per cent to Rs 87,344 crore, up from Rs 78,622 crore a year earlier.
Operating performance remained stable, with Q4 EBITDA inching up 3.1 per cent YoY to Rs 6,921 crore from Rs 6,711 crore. However, quarterly profit after tax held steady at Rs 3,563 crore. For the full fiscal, PAT grew 11.7 per cent to Rs 13,842 crore.
Expansion remained a key lever. RRVL added 1,564 new stores during FY26, while simultaneously scaling its digital and hyperlocal commerce play. The latter emerged as a standout, with daily orders surging more than fourfold year-on-year in Q4, underlining a clear shift towards faster, localised fulfilment.
In grocery, large-format stores maintained momentum, aided by festive demand and the expansion of Smart Bazaar, which crossed 1,000 stores. Promotional campaigns such as ‘Full Paisa Vasool’ delivered record results, with sales rising 26 per cent YoY.
Digital commerce also picked up pace. JioMart added 5.8 million new users in Q4, nearly doubling its registered base year-on-year. Hyperlocal orders grew 29 per cent sequentially and over 300 per cent annually during the quarter.
Fashion and lifestyle saw steady traction. Ajio recorded a 23 per cent YoY rise in average bill value, while fast-fashion platform Shein crossed 11 million app installs, scaling rapidly with expanding product lines.
The jewellery business added further shine, with average bill value jumping 53 per cent YoY, largely driven by rising gold prices and sustained consumer demand.
Commenting on the shift, RRVL executive director Isha Ambani said hyperlocal commerce has become a structural growth driver, with orders rising more than fourfold over the year.
Looking ahead to FY27, the company is betting on technology to deepen engagement. The focus, Ambani noted, will be on AI-led merchandising, sharper pricing strategies and disciplined execution turning scale into sustained customer value.
In short, the carts are fuller, the clicks are quicker, and the next phase looks less about reach and more about precision.
