Havells India Limited has informed the Exchange that Board of Directors at its meeting held on April 22, 2026, recommended Final Dividend of Rs. 6 per equity share.
HAVELLS · price
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On the reaction day the stock moved 0.7 pts less than Nifty Midcap 150 and 1.2 pts less than its Consumer Electronics peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Havells India reported FY2026 standalone revenue of Rs. 22,465.56 crore (up 3.3% YoY) and PAT of Rs. 1,705.42 crore (up 14.5% YoY), with Basic EPS of Rs. 27.19 vs Rs. 23.75 prior year. Consolidated PAT stood at Rs. 1,689.25 crore. An exceptional charge of Rs. 45.03 crore was recorded in Q3 FY26 due to new labour codes. The Board recommended a final dividend of Rs. 6 per share (in addition to Rs. 4 interim already paid), totalling Rs. 10 per share. Price Waterhouse & Co was reappointed as statutory auditors for a second 5-year term. Varun Berry (ex-MD Britannia) was appointed as Independent Director while Vivek Mehra stepped down. The auditors issued an unmodified (clean) opinion on both standalone and consolidated results.
Revenue growth of ~3.3% is modest, though PAT grew ~14.5% aided by a fair value gain on the Goldi Solar investment. The Rs. 10 per share total dividend signals strong cash generation. The clean audit and director additions (including experienced industry veterans) are positive governance signals.