Havells FY26 profit rises to Rs 1,705 crore; revenue tops Rs 22,527 crore

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.