Brands
Havells keeps the power on with steady Q3 growth despite cost headwinds
MUMBAI: Margins may flicker, but the lights stayed on at Havells India Limited in the December quarter. The consumer electrical major reported standalone revenue of Rs 5,573.44 crore in Q3 FY26, up from Rs 4,882.50 crore a year earlier, signalling resilient demand across categories despite inflationary pressures and higher input costs. Total income for the quarter stood at Rs 5,616.17 crore, compared with Rs 4,946.53 crore in Q3 FY25.
Profit after tax for the quarter came in at Rs 301.36 crore, marginally lower than Rs 317.48 crore in the previous quarter but higher than Rs 282.81 crore reported a year ago. For the nine months ended December 31, 2025, Havells posted a net profit of Rs 971.18 crore, broadly flat compared with Rs 966.58 crore in the corresponding period last year, underlining operating stability in a volatile environment.
On the cost side, raw material and component consumption rose to Rs 3,096.37 crore in Q3 FY26, reflecting higher volumes and commodity prices. Advertising and sales promotion spend stood at Rs 154.01 crore, while employee benefits expense increased to Rs 489.54 crore, mirroring continued investment in brand visibility and talent. Total expenses for the quarter were Rs 5,166.28 crore.
Operating performance translated into earnings per share of Rs 4.80 for the quarter, compared with Rs 4.51 in Q3 FY25. For the nine-month period, basic EPS stood at Rs 15.49, largely in line with last year’s Rs 15.42.
For the nine months ended December 2025, Havells reported revenue from operations of Rs 15,777.88 crore, up from Rs 15,213.60 crore a year earlier, while profit before tax came in at Rs 1,293.21 crore after accounting for an exceptional item of Rs 45.03 crore.
The numbers point to a company navigating cost pressures without losing grip on demand. While margins remain under watch, Havells’ Q3 performance suggests steady consumer pull and disciplined execution, keeping the brand firmly switched on as it heads into the final quarter of the financial year.
Brands
Info Edge reshuffles senior roles, Ambrish Singh to 99acres, Bhisham Dhingra to lead Shiksha strategy
Leadership changes at Shiksha and 99acres aim to drive sharper growth focus
MUMBAI: Info Edge (India) Limited has approved an internal reorganisation of its education and real estate verticals, setting the stage for leadership changes aimed at sharpening execution and accelerating growth. The move, cleared by the board on April 14 through a circular resolution, will come into effect from May 1, 2026.
The restructuring impacts the company’s Shiksha and 99acres businesses, two key pillars in its portfolio, and involves role changes for senior management personnel. As part of the reshuffle, Ambrish Kumar Singh, previously executive vice president and head of sales and customer delivery for Shiksha, has been redesignated as executive vice president and head of sales and sales enablement at 99acres. A long-time company leader since 2003, Singh is expected to focus on boosting business performance, strengthening client relationships and building high-performing teams in his new role.
Meanwhile, Bhisham Dhingra, who led sales and customer delivery at 99acres, will now take on an expanded mandate as head of sales, strategy and client delivery for Shiksha. With over two decades of experience across global and Indian organisations, Dhingra will spearhead growth strategy, corporate sales and client engagement for the domestic education vertical.
Both executives will continue as senior management personnel, albeit with revised responsibilities aligned to the company’s broader restructuring goals.
Info Edge said the changes are part of ongoing efforts to leverage leadership expertise across business lines and improve operational effectiveness. The company added that the reshuffle is designed to drive stronger outcomes by aligning talent with evolving business priorities.
As Info Edge continues to fine-tune its structure, the latest leadership moves suggest a clear intent to keep its core platforms nimble, competitive and ready for the next phase of growth.
